KATHMANDU, May 7: Nabil bank has announced the inauguration of its Mid-corporate and SME Hub at the United World Trade Center in Tripureshwar, Kathmandu.
The bank said that the hub will cater to business enterprises involved in trading, manufacturing and services of Mid-corporate (MCOR) and SME sizes.
"The hub will also look after direct and indirect micro financing activities at various branch offices of the bank across the nation," the bank added in the statement.
“Mid-Corporate lending covers loans above Rs 30 million up to Rs 100 million to a single unit or group. SME lending covers loan exposure up to Rs 30 million, whereas micro finance covers direct lending to individuals and units, wholesale lending to MFIs and cooperatives, as well as Equity Investments in MFIs,” reads a statement issued by the bank.
Meanwhile, the bank and UKaid Sakchyam Access to Finance Programme (Sakchyam) have joined hands to promote access to finance to the Micro and SME sector.