An integral part of the NRB Strategic Plan, the Olympic Banking System will meet the complex needs of the central bank, while providing front-to-back functional coverage.
Within the NRB, the system will serve as core application to support a wide range of activities such as payments, foreign exchange, treasury / inter-bank loans and deposits, securities lending & repurchase agreements.
ERI Asia director Nicholas Hacking said that the implementation project will enhance NRB’s range of products and services offered to its customers throughout the country.
The system will also support letters of credit, management of debt, investment funds, e-banking, accounting, management and other activities.
The NRB business activities involve formulating and implementing Nepalese monetary, foreign exchange and financial sector policies as well as regulation and supervision of banks and financial institutions operating in the country.
Additional activates includes management of Nepal’s foreign exchange reserve and promotion and development of modern payments and settlement systems.
