Nabil Bank receives two Honorable Mention at the 2022 Global SME Finance Awards

September 22, Kathmandu. Nabil Bank has been awarded an honorable mention in two categories SME Financier of the Year – Asia and Product Innovation of the Year 2022 at 2022 Global SME Finance Awards held in Phnom Penh, Cambodia. Organized by IFC, a member of the World Bank Group, and the SME Finance Forum, the Global SME Finance Awards recognized Nabil’s rapid expansion and significant contribution to the growth of the SME sector over the course of the previous fiscal year. Nabil Bank had received Honorable Mention in SME Financer of the Year – Asia in 2021 as well.

Niraj Kumar Basnet (Danil), Head of SME and MF, who has attended the three-day conference said, “It is the proud moment for the entire country to get recognized in the international arena which is an encouragement for us to deliver more in the SME Banking segment being a responsible bank.” He further said, “Learning from the international participants and the success stories have shown us the pathways to create in the coming days.”

Adding to this, Gyanendra Prasad Dhungana, CEO of Nabil Bank said, “Increasing funding for SMEs and working to address the pressing issues that our SME sector is currently facing amid the liquidity crunch are top priorities for Nabil Bank. By reengineering our business process and shifting our strategic focus to SME credit, the Bank has made and will continue to make a substantial contribution to the economic growth of the nation.”

The 9th Global SME Finance Forum was conducted from 19th to 21st September in Cambodia in presence of more than 400+ participants from more than 50+ countries with main focus on the power of digital transformation in promoting inclusive, sustainable, and responsible finance. The event was able to summon global thought leaders, climate finance advocates, leading experts and practitioners in the field of SME finance to share their vision, insight and experience in promoting green finance for SMEs.

Matthew Gamser, CEO of the SME Finance Forum said, “This year has seen the largest field of applicants ever, as we expand to a fifth award category in the important area of greening SME financing. We have more countries, with more financial products and approaches than ever before. It was a tall order for the almost 100 judges, whom we thank profusely for their expert, informed and unbiased judgment about who merited recognition.”

With the experience of over three decades in banking field along with a highly dedicated team, Nabil bank is persistently working on providing superior service delivery by enhancing value to all the customers through a wide network of 233 branches and 269 ATMs spread across the country.