Kathmandu. Muktinath Development Bank is going to give concessional loans to the member agencies of Nepal Advertising Association (NAA). An agreement was reached between Muktinath Development Bank and AAN on Sunday.

The agreement was signed by Chairman Som Prasad Dhital on behalf of AN and Chairman Pradhuman Pokharel on behalf of the bank. As per the agreement, the bank will provide unsecured loan of up to Rs 1.5 million to its member organizations for two years.

Aan currently has more than 150 advertising agencies as active members and about 700 affiliated agencies.

Speaking at the signing ceremony, Chief Executive Officer (CEO) of the Bank, Pokhrel, said that today's collaboration provided an opportunity to become a bank partner in the economic transformation of the advertisers. He said that Muktinath Development Bank has become popular as it has been serving its customers in a different way.

AN Chairman Dhital said that this cooperation would be helpful for the benefit of the advertising businessmen and the bank. He said the concessional loan would help advertisers in trouble due to the Corona epidemic and lockdown to increase their capacity and financial empowerment.