Kathmandu, 29 August: NMB Bank, one of Nepal’s leading banks with a distinct brand identity of sustainable and value-based banking, has received a first-of-its-kind $25 million climate finance facility from British International Investment (BII), the United Kingdom’s development finance institution and impact investor. The loan facility is expected to aid in the development of the bank’s climate finance eligible assets, as well as increase NMB bank’s financing capacity for hydropower and other renewable energy projects. This investment reaffirms the bank’s commitment to seeking out new and diverse funding sources for its primary focus areas of real economy sectors and renewable energy projects, including hydropower projects. The agreement, which follows the DFI’s initial $15 million investment in 2018, represents the continuation of BII and NMB’s long-standing relationship. The BII investment recognizes Nepal’s enormous hydropower potential, as well as NMB Bank’s expertise and track record of successfully delivering on hydropower and renewable energy projects. People's News Monitoring Service