Consortium & Project Finance Department of Prabhu Bank offers funded and non-funded facilities required to the large corporate operating in the nation for their new projects, expansion and renovation. Prabhu Bank offer different credit facilities such as Term Loan, Working Capital, Letter of Credit, Bridge Gap Loan etc. and the credit facilities are designed accordingly to match project/business requirement and cash flow of the project/business. With our expertise in diverse field of business, bank is capable of arranging consortium finance / loan syndications and also takes over the loans.
Last Updated Date: May 17, 2022
In 2016, after the merger of Grand Bank Nepal Limited, Kist Bank Ltd., Prabhu Bikash Bank Ltd., Gaurishankar Development Bank Ltd. and Zenith Finance Ltd., Prabhu Bank Limited was created. Prabhu Bank Limited has taken part in the A class financial institution status. The mission of Prabhu bank Limited is to become Nepal 's leading commercial bank by providing their customers with the highest quality financial products and services.
Prabhu Bank Limited has undertaken activities such as various deposit schemes, loans and advances, foreign exchange facilities, trade finance, inward / outward remittances, government securities market makers, non-funded services such as issuing guarantees, letters of remittances,, with the goal of supporting individuals, families. Prabhu Bank maintains that it is only when its customers thrive that a bank succeeds.
One of the key aims of the bank is to reach out to ordinary citizens with a host of helpful products and services to ensure their future prosperity. The bank has achieved a considerable degree of success in pursuing this goal within a relatively short period of time, thus building a substantial base of loyal customers.
Consortium Loan means that two or more than two banks authorize correspondent banks to provide local and foreign currency loan, and credit business for borrowers in a set time and proportion, based on the same conditions of loan and the same agreement of loan. Leading banks of consortium loans are organizers and arrangers of consortium loans that sponsor to organize consortiums and are responsible to distribute shares of consortium loans. Large sum of Institution financing ; long-term period of loan. Relatively unrestricted functions of loan(compared with government loan or export credits ) Consortium loans greatly meeting the needs of borrowers with large sun of loan, long-term period of loan and simple daily operation (only to contact with correspondent bank)
1. Both sides have internal drives and conditions for cooperation on assets operation cooperation
2. Consortium, as a way of multilateral loans, can effectively cope with over competition existed in the way of bilateral loans, as well as can improve services of project-building and groups’ development so as to create a win-win situation.
3.Banks involved in bank loan can do their best.
4.Supervisions among banks can help to build credit risk management group and effectively spread the risk of loan of single bank to single client, what’s more, it can lead banks to prevent and control different risks jointly on the common interests.