In a bid to facilitate trade finance and remittance between Nepal and China, the Everest Bank Limited (EBL) has tied up with Bank of China by opening a Nostro Account.
Now Nepalese traders can open Letter of Credit (LC), transfer and receive money directly from and to China. This facility also promotes remittance facility between Nepal and China, bank press statement said.
The bank said that had 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 trade with China, participated in the seminar.
Source: arthakoartha.com
|
| share with your friends |
Wednesday, July 15, 2009
Subscribe to:
Post Comments (Atom)
If you are interested to publish your own articles and stories related to stock exchange, then you may submit your articles via our email. If you are interested to display your picture, then you may send your passport size picture. Our contact email address is: 
No comments:
Post a Comment