Pokhara, December 13: Om Development Bank has signed an agreement with Germany’s KFW Development Bank for mutual cooperation. The agreement was signed to ensure proper loan assistance for sustainable economic development upon the approval from the Ministry of Finance and Nepal Rastra Bank according to a press statement issued by the bank.
Om Development Bank’s CEO Bishwamohan Adhikari said ” As per the agreement, the German bank will provide Om loan of Rs 200,000 to 4 million for investment in the small and medium scale businesses in certain areas for a period of ten years , this act is approved by Ministry of Finance as well as Nepal Rastra Bank. “