Kathmandu. Nabil Bank has entered into a trade agreement to provide non-fund based banking facilities to the customers of Muktinath Development Bank.

Under this agreement, Muktinath Vikas Bank Limited customers will be able to avail Nabil Bank Letters of Credit, Document against Payment (DAP), Document Against Acceptance (DAA), Local Bank Guarantee etc.

Through this collaboration, the customers of Muktinath Development Bank will get the opportunity to enjoy modern banking facilities. The agreement also aims to promote deposits, remittances, investment in directed sectors, co-financing loans, and other foreign exchange-related transactions between the two banks.