NMB Bank and One to Watch agree to provide bridge financing

Published On: January 31, 2019 10:28 AM NPT By: Republica  | @RepublicaNepal

KATHMANDU, Jan 31: Sunil KC, CEO of NMB Bank, and Willem Grimminck, managing director of One to Watch, signed a memorandum of understanding (MOU) at a ceremony held at NMB Bank headquarters in Babar Mahal, Kathmandu, to bridge the interim financial gap for entrepreneurs which results from the need of getting regulatory approvals for foreign investment.

Under the terms of the agreement, One to Watch will identify entities with viable investment opportunities and provide linkages to them for financing from foreign investments, and the NMB Bank will provide bridge financing facilities for One to Watch's investee companies for the interim period.

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