ICRA Nepal provides ICRANP-IR A- rating to Rs 3 arba worth Debentures program of Machhapuchchhre Bank; massive investment vehicle to hit Nepalese investment floor from Shrawan first week

ICRA Nepal Limited has assigned ICRANP-IR A- Rating to the Rs. 3 arba Debenture Programme of Machhapuchchhre Bank Limited.

Instruments with this rating are considered to have good degree of safety regarding timely servicing of financial obligations. Such instruments carry no credit risk.

After the rating, the bank can now float its debenture which shall probably hit the Nepalese investment floor from first week of Shrawan, 2076, as per the media release.

The bank currently has 119 branches, 112 branchless banking unit and 141 ATM terminal in operation all over the nation.