Loan facility provided by Standard Chartered Bank to Siddhartha Bank

KATHMANDU: SEPT. 21 – Standard Chartered Bank Singapore has approved a loan facility of $12 million to Siddhartha Bank Limited.

Of the approved loan facility, $8 million has been made available and the remaining $4 million will be available soon, the bank said.

The bank is confident that the loan facility will help in managing international trade and liquidity.