Issuing a statement, Mega Bank has announced its preparations to bring $20 million (Rs 2.25 billion) in loan from the Qatar-based Doha Bank.
Anupama Khunjeli, CEO of Mega Bank, and Suraj Bikram Shah, chief of Nepal-based office of Doha Bank, signed an agreement to this effect this week. If the Nepal Rastra Bank approves the deal, this will be the first instance of Doha Bank investing in Nepali banking.
Mega Bank is vying for loan investment from Doha Bank in line with the central bank policy allowing commercial banks to acquire foreign loans worth up to 100 percent of the bank’s core capital. The loan is expected to ease liquidity crunch in the banking system.
Mega Bank has been providing its services through its network of 111 branches, 29 extension counters, 79 branchless banking facilities, 114 ATMs, and 2,500 remit agents.