Committed to advancing sustainability through its products, processes, and partnerships, Kumari Bank Limited (KBL) has signed a landmark Memorandum of Understanding (MoU) with Germany-based Deutsche Sparkassenstiftung für internationale Kooperation e.V. (DSIK). The partnership aims to institutionalize Environmental, Social, and Governance (ESG) frameworks and strengthen sustainable banking practices in Nepal.
Funded by the German Federal Ministry for Economic Cooperation and Development (BMZ), the initiative forms part of the regional programme, “Social-Ecological Transformation of the Financial Sector in Selected Asian Countries,” marking a significant milestone in KBL’s sustainability journey.
The agreement was formally signed by Mr. Ram Chandra Khanal, Chief Executive Officer of Kumari Bank Ltd., and Dr. Ilonka Ruehle-Stern, Head of Division Asia at DSIK. The partnership establishes a structured two-phase framework designed to institutionalize and scale green banking practices within KBL.
“This partnership is a defining moment for KBL’s sustainability journey,” said Arpan Paudel, Head of Sustainable Banking at Kumari Bank Ltd. “By adopting DSIK’s advanced tools and aligning with the Nepal Green Finance Taxonomy 2024, KBL is not merely aligning with international standards; it is actively accelerating the transition toward a low-carbon, green, and resilient economic future.”
Under the agreement, DSIK will provide specialized technical assistance through the deployment of its proprietary methodologies, including the ESG Risk Radar and the Sustainable Finance Compass. Furthermore, to promote grassroots impact, the partnership will utilize DSIK Business Games—an interactive learning tool designed to enhance entrepreneurial literacy and strengthen green growth capacity among rural communities and small and medium enterprises (SMEs).
As one of Nepal’s leading financial institutions, Kumari Bank Ltd. will leverage its extensive network to scale these transformative initiatives. KBL’s nationwide footprint includes 286 branches, 303 ATMs, 41 extension counters, 40 branchless banking units, and more than 1,100 POS terminals, complemented by advanced digital banking, mobile banking, and international Visa card services.
Renowned for its customer-centric innovation and strong corporate governance, Kumari Bank’s collaboration with DSIK further reinforces its role as a key catalyst in driving sustainable economic development and supporting Nepal’s transition toward a cleaner and more climate-resilient future.
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