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Kathmandu - Nepal Rastra Bank (NRB) has announced an Expression of Interest (EOI) for conducting an Extensive Asset Quality Review of ten commercial banks in Nepal. The project, funded by NRB, aims to assess the quality of loan portfolios to strengthen the country’s financial stability and transparency. The central bank is inviting international consulting firms to participate in this initiative, with EOI submissions to be made through the e-GP system by January 6, 2025.
The evaluation process will focus on the qualifications, experience, and capacity of consulting firms, requiring a minimum score of 60% to proceed to the next stage. Shortlisted firms will be asked to submit detailed technical and financial proposals. NRB has emphasized the importance of this review in ensuring the resilience of Nepal’s banking sector, with application documents available for free on its website and through the e-GP system. The opening of applications is scheduled for January 6, 2025, at 3:00 PM NST. This move reflects NRB’s commitment to bolstering confidence in the nation’s financial system amidst a dynamic economic environment.
