Our mission is to connect and empower customers, communities and global partners to create a sustainable and energy-efficient future through comprehensive and innovative financial services delivered by a team of highly motivated and committed professionals in the most responsive, friendly, ethical and transparent manner, while ensuring our investments promote self-reliance and sustainable growth of the economy.
The journey of Clean Energy Development Bank started in 2006, as a joint venture with FMO – the Dutch Development Bank. The dream was for prominent bankers and energy specialists to improve Nepal’s future by harnessing the nation’s abundant hydropower potential to facilitate the acceleration of development to raise the living standards of its people in the longer run. Despite being one of the richest countries in terms of hydropower potential, electricity is scarce in Nepal and two thirds of the population has no access to it. With larger and bigger banks hesitant to invest in hydropower, Clean Energy Development Bank has taken the lead in the establishment of a dedicated in-house Due Diligence team, which is the first of its kind in Nepal, and actively started to promote small and medium hydropower projects through debt finance. Today CEDB is regarded as one of the most promising banks and a formidable player in the field of hydropower development.
Committed and dedicated to use banking for creating an energy-efficient, greener and more prosperous future for current and future generations, Clean Energy Development Bank has changed the lives of Nepalese people through socially responsible and sustainable banking practices.
Clean Energy Development Bank believes banking is more than just profits and concentrates on creating larger socio-economic impact through its investment in economic sectors of prime importance. The bank is committed to promote clean energy and sustainable development, and has been the leading bank in promoting micro and small hydro, solar, and biomass projects in Nepal.
The bank has pursued an active strategy to reach people who need it most and has been the first private sector bank in the country to open its branches in rural areas, namely Phidim, Katari, Taplejung and Salleri. The bank offers comprehensive banking solutions to meet the needs of its diverse set of customers through nine banking offices and an extended service network in partnership with other banks and payment gateways.
Its deposit products include savings accounts, recurring deposit accounts and fixed deposit accounts which not only provide a better return to customers but also an opportunity to ensure their money is used for their sustainable development. It offers extensive loan products to individuals and institutions at one of the lowest rates available in the market. Its loan products include the Woman Entrepreneur Loan, Young Entrepreneur Loan, Clean Contractor Loan, Clean Transport Loan, Micro-Finance Loan, Grid Connected and Off Grid Solutions, Sustainable Energy and Renewable Energy Financing and many more. The bank also offers Due Diligence and financial management services for energy projects.
For equity finance to promote hydropower projects, the bank came up with an innovative product, the Hydropower Deposit Account, with the help of USAID to establish the CEDB Hydro Fund (CHF) in 2009. Shortly after its establishment, CHF has not only made equity investments in new projects but also breathed new life into a number of dormant projects. CHF is responsible for over 100 MW worth of projects in various stages of development.
In 2012, the bank introduced the Sustainable Energy Financing (SEF) product with the help of IFC to encourage Nepalese industries to switch towards sustainable and renewable energy sources. The bank believes the prosperity of the country is possible only through positive contributions towards the real economy. For this purpose, the bank has provided loans through more than 20 micro-finance companies and has also established Clean Village Microfinance, a subsidiary company, to reach and support the economy of poorly served rural areas. The bank has also introduced the concept of sustainable housing projects in Nepal through its investment in Clean Developers Private Limited which is the first firm in Nepal to be awarded LEED (Leadership in Energy and Environmental Design) certification. The bank has taken initiatives to promote women entrepreneurs in Nepal who are currently overlooked by the bigger banks and has introduced a low cost loan scheme to enable them to start their own business.