Kathmandu, March 7 -- Nepal Infrastructure Bank, the first private sector-led financial institution in the country established with the objective of funding large infrastructure projects, threw open its doors on Wednesday.

The country's leading business groups and the government have invested in the bank under a public-private partnership model. The bank has an authorised capital of Rs40 billion, issued capital of Rs20 billion and paid-up capital of Rs12 billion.

The government has a 10 percent stake in the bank and the rest of the shares are owned by public limited companies, private investors and the general public. Public companies and the general public hold 40 percent of the stock each and private investors hold the remaining 10 pe...