NMB Bank has received the prestigious “The Bank of the Year-2020” award by The Banker, Financial Times, London.
The bank has received “the bank of the year” award for the third time in the past four years. “We are delighted to have won the award for the third time in four years; It is a testament to the hard work and dedication of our staff, the trust provided to us by our clients, regulators, the guidance of the NMB Board, and the support from all stakeholders. Our efforts during COVID to ensure that our customers receive seamless services through our digital and ubiquitous platforms that have set industry standards and our efforts to support communities have contributed to the bank’s success.” the NMB bank said during a press statement on Thursday, 3 December 2020.
The Bank of the Year award defines banking excellence globally. The winners are judged on the idea of their ability to deliver returns to shareholders, the bank’s financial performance, shareholders’ value, customers’ initiative, amongst other parameters.
“The NMB bank has had an interesting growth trajectory evidently reflected within the growth in its record size and its balanced network expansion that covers urban, semi-urban, and rural corners of the country,”.
NMB Bank has positioned itself because the bank that does things differently and translated an equivalent in its core focus areas Renewable Energy, Agriculture, MSMEs/SMEs, and Digitization, the bank said.
“The Bank’s drive to market Sustainable Value Based Banking in allegiance to its membership of the worldwide Alliance for Banking on Value has seen the Bank achieve international membership including that of the committee member of Partnership for Carbon Accounting Financials (PCAF) joining a league of international banks like ABN Amro and Morgan Stanley amongst others,” it said.
NMB Bank today is that the most preferred Nepalese Bank for international institutions for extension of credit lines as a result of the Bank is in a position to inaugurate FDI at critical times. NMB is additionally one among the leading Banks to implement an Environmental And Social Risk Management Policy that seeks to mitigate environmental and social risks caused by businesses.