Press Release

Everest Bank Geared up for Trade with China

July 12, 2009

To facilitate trade finance and remittance between Nepal and China, EBL has tied up with Bank of China by opening a Nostro Account. Now Nepalese traders can open LC, Transfer and receive money directly from and to China. This facility also promotes remittance facility between Nepal and china. EBL has already tied up with Standard Chartered Bank, American Express Bank, Citi Bank, Commerz Bank, JP Morgan Chase Bank, Punjab National Bank, and HDFC for the transaction of US Dollar, EURO, GB Pound, Australian Dollar, Japanese Yen and Indian Currency from 12 places in 7 countries. EBL organized an Importer Meet on 11th July 2009 and deliberated on the facility provided by the bank .Detailed discussion were held with regard to import from China and best role which Everest Bank can play. A total of 55 traders having tade with China, participated in the seminar.