सिंहदरबार संवाददाता
Kathmandu. Sanima Bank Limited and British International Investment PLC have signed a trade loan agreement worth US$15 million.
The loan received under the said agreement will be used for the import of hydro-mechanical and electro-mechanical equipment used in the construction of hydropower projects, in particular, and for the purchase of raw materials for the construction process. The bank expects this partnership to make a significant contribution to Sanima Bank’s Trade Finance Service.
On behalf of Sanima Bank, Nischal Raj Pandey, Chief Executive Officer, and Admir Emami, Investment Director, British International Investment, signed the agreement.
The bank stated that this partnership will make a significant contribution to addressing Nepal’s energy needs and mobilizing sustainable energy sources.
This effort focuses on global efforts to reduce fossil fuel dependence and combat climate change. Sanima Bank has a vision to create long-term positive impacts for local communities by promoting clean energy projects, the bank stated.
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