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Banks
in Nepal |
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Financial institutions |
NB Finance Ltd
Capital Merchant Banking
& Finance
Everest finance
Ime Financial
institution
National finance Co.
Hama finance
Good deposit
schemes, 1 year fixed
7%, 3 year even 8%
Alpic everest finance
Central finance company
Nawa Durga Finance Co
Universal finance
Business Development
Finance Inst.
Nawa Kantipur
Deposit and loan schemes |
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News item 4-6-2007 |
Ending over two-decades of
highly urban-centric
presence, private commercial
banks are all set for a
major strategic
transformation: City is too
crowded and competitive,
seek out newly emerging
areas. Interestingly,
long-ignored far flung areas
like Jumla and Baglung have
been on top list of leading
commercial banks for the
next phase of branch
expansion, thanks to what
they call as 'vast
unexploited potentialities'.
Nabil Bank, the first joint
venture bank, has acquired
permission to open 10
branches in different
emerging areas while Bank of
Kathmandu (BoK) is also
planning to set up seven
branches, most of which will
be in places as far away as
Jumla. Several other banks
are also working out to
expand their bases to rural
areas, said insiders. “After
carrying out a thorough
homework and developing a
new strategy, we are soon
opening ten more branches
this fiscal year in various
places like Baglung and
Dang,” said Anil Shah, chief
executive officer of Nabil
Bank. Radhesh Pant, managing
director of BoK echoed
similar opinion and said
that intense competition
among commercial banks in
the capital is the main
driving force behind their
proposed expansion to rural
areas. Whatsoever the
reason, one hard fact is
that rapidly rising
remittance business in urban
areas is the principal
driving force for the lure
of commercial banks. Search
for new business For years,
the banks focused on only
corporate houses to put in
their money. But when they
started sensing the heat in
the sector, commercial banks
slowly shifted toward
consumer lending.
Read
more about this movement of
banks
Other banking news and
articles:
Nabil
Bank Nepal gets
international rating
(26-2-2008)
Prime commercial bank
launches Prime gold
saving scheme
(18-2-2008)
Profit of Global Bank
(1-2-2008)
Neelgiri Development
Bank collected a deposit
of Rs 45.7 million
(21-1-2008)
Nabil
Bank inaugurates nine new
branches (13-11-2007)
More banks come into
operations in Nepal
(13-10-2007)
Nepal Merchant Banking
and Finance to become a
commercial bank
(19-10-2007)
Nepal Bank begins
remittance service
(26-9-2007)
Standard Chartered PLC
to acquire American
Express Bank (19-9-2007)
Citizens Bank International
kicks off commercial
operation (21-4-2007)
Rastriya Banijya Bank opens
branch in Banepa
(8-2-2007)
Nepal Stock Exchange
suspends trading of
Nepal Credit and
Commerce Bank
(30-1-2007)
Development Credit Bank
results (29-1-2007)
Buddha on bank notes
(25-1-2007)
agricultural development
bank loans (24-1-07)
recovery plan for bad
loans (1-1-07)
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Easy
money and Nepali loans
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