Bank with Highest Paid-Up Capital Comes into Operation; Shares worth 8 Bn to Public

Mar 06, 2019 Merolagani

Nepal Infrastructure Bank, having the highest paid-up capital of Rs 20 billion, has started its operation from today, March 6. The bank established under public-private partnership aimed to invest in the infrastructure sector of the country.

Nepal Infrastructure Bank established under a joint investment of various commercial banks, few insurance companies and private companies will have a public investment as well.

The paid-up capital of the bank remains at Rs 20 billion. The bank will have 10 percent, 60 percent and 40 percent ownership of the government, promoters and general investors respectively. The promoters group of the bank includes various banks, insurance companies and well-known industrialists. The modality of the bank also has a space for foreign investment.

Anil Gyawali will be heading the bank as Chief Executive Officer.

Nepal |Infrastructure Bank aims to focus on financing mega infrastructure projects under public partnership model.

Infrastructure Development Bank will extend loans and make equity investment on infrastructure development projects, issue domestic and foreign currency denominated financial instruments to mobilize financial resources on infrastructure projects, mobilize long-term deposits, and issue debentures for arranging resources and leasing trading.

 

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