Everest Bank Ltd (EBL) has tied up with Bank of China (BoC) by opening a Nostro Account to facilitate trade finance and remittance between Nepal and China. Nepali traders can open LC, transfer and receive and send money directly from and to China. It wil also promote remittance facility between Nepal and China. EBL has already tied up with Standard Chartered Bank, American Express Bank, CitiBank, 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 seven countries. EBL has slso organised an ‘Importer Meet’ on July 11.
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