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NMB Bank signs MOU with DKC to facilitate Nepalis living in Japan

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NMB Bank signs MOU with DKC to facilitate Nepalis living in Japan
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September 9: NMB Bank has signed a Memorandum of Understanding (MOU) with Dai-ichi Kangyo Credit Cooperative (DKC) Japan to facilitate the banking requirements of Nepalese population residing both in Japan and Nepal. A press statement issued by the bank says the key highlight of the MOU is that DKC shall provide employment and loans to Nepalese individuals in Japan based on referrals of NMB Bank.

The MOU also covers facilitating Foreign Currency Deposits and remittances for NRNs from Japan to Nepal.

Mobuyuki Nitta, chief director of DKC, and Sunil KC, CEO of NMB Bank, signed the MoU during the 3rd Asia Pacific Chapter Meeting of the Global Alliance for Banking on Values (GABV) held recently in Kochi, India.

NMB Bank and DKC are members of GABV wherein both institutions are driven by value-based banking principal at the core of their business models.

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