MoU signed between Global IME Bank and the Federation of Export Entrepreneurs of Nepal

25th Dec, 2020 | Tourism Mail Crew

KATHMANDU, Dec 25: A memorandum of understanding (MOU) was signed between Global IME Bank and the Federation of Export Entrepreneurs of Nepal on Thursday to provide concessional loans as well as simple and easy banking services to the member associations / institutions affiliated to the federation.

The MoU has been signed by Ratna Raj Bajracharya, Chief Executive Officer of the Bank and Ram Bahadur Gurung, President of the Federation. As per the agreement, the bank will provide loans to the exporters at concessional interest rates for short term and long term as per the need.

The bank will also provide other necessary banking services to the members of the federation in a simple and easy manner. As per the agreement, the bank will provide loan, purchase of export documents, cash grant, refinancing, foreign exchange account and exchange facility and other services related to export business.

Speaking on the occasion, Federation of Nepalese Chambers of Commerce and Industry (FNCCI) Senior Vice President and President of the Bank Chandra Prasad Dhakal said that the main objective of the MoU was to take various activities in the interest of FNCCI member organizations and businessmen to further strengthen the economy by increasing exports of manufactured goods.

Stating that the bank will provide special facilities for the promotion of export business, Chairman Dhakal said that the export business is the backbone of the country's economy and currently the entrepreneurs are affected by COVID-19. He said that an understanding has been reached to make it easily available. Stating that the collaboration with Global IME Bank will facilitate the organizations affiliated to the federation in the necessary banking transactions, FNCCI President Gurung said that the federation would give priority to its member exporters to do business with the bank.

The event was attended by employees of the bank, officials and members of the federation, journalists and other prominent personalities.