Consortium Loan
To meet operational requirements of business and for the management of inventory & receivables
To meet operational requirements of business and for the management of inventory & receivables
Last Updated Date: May 16, 2022
Sanima bank is one of the developed, strong and reliable banks promoted by the prominent and dynamic businessmen of the Non-Resident Nepalese (NRNs). It obtained an operating license from Rastra Bank of Nepal and started operating in 2004. Sanima Bank has 27 full-fledged branches inside and outside the Kathmandu valley to provide its customers with a banking financial solution and plans to develop even more facilities in different parts of the country. Sanima Bank Limited started its activity in 2004 as a National Level Development Bank. Sanima got the working permit from Nepal Rastra Bank to work as A Class Commercial Bank in 2012. Sanima has 79 undeniable branches and one expansion counter inside and outside the Kathmandu Valley and has further designs to extend its scope in the different piece of the nation.
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.
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