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Banks
in Nepal |
Siddhartha bank limited
Offers US
dollar saving account with high return
Nabil bank
Himalayan Bank Ltd
ATM, Credit Cards, money and all banking services
Nepal Bank
Rastriya Banijya
Bank
fully government owned & largest commercial bank in Nepal. provides
various banking services to a wide range of customers including banks,
insurance companies, industrial trading houses, airlines, hotels, and
many other sectors. RBB has Nepal's most extensive banking network with
over 113 branches.
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Financial institutions |
Annapurna finance
company
Union finance company
Ace finance company
Hama finance
Good deposit
schemes, 1 year fixed
7%, 3 year even 8%NB Finance Ltd
Capital Merchant Banking
& Finance
Everest finance
Ime Financial
institution
National finance Co.
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News item 24-7-2007 |
Total deposits at the
banking sector grew
by over 10 percent during
the first nine months of the
current fiscal year as
remittance inflow continued
to flood the banks. The data
of
Nepal Rastra bank shows that the
total deposits stood at Rs
321 billion by mid-April, up
from Rs 291 billion in last
mid-July. Flushed with money
caused by healthy inflow of
remittance, more people are
saving money in banks,
bankers said. Besides, tough
competition among banks to
lure depositors by reducing
the cost for opening
accounts also helped to
expand people's access to
financial services, they
said. Terming the growth as
normal, Sashin Joshi, chief
executive officer of
Nic bank, said banks are setting
up new branches even outside
the Kathmandu Valley. “In
addition, more people have
put their money in financial
institutions due to
perceived security problem
at home,” he said. Of the
total deposits, Rs 39.8
billion was kept in current
account while Rs 166.2
billion was deposited in
savings account. Likewise,
30 billion rupees was saved
in fixed deposit. During the
period, the banks reported
an impressive growth of over
27 percent in loan
extensions. They gave loans
amounting to Rs 221 billion
by mid-April, compared to Rs
173 billion in last
mid-July. Almost all loans
went for the private sector.
Banks issued loans amounting
to Rs 214 billion to private
parties. Loans extended
against government-owned
enterprises fell by around
22 percent to almost seven
billion rupees, down from Rs
9.21 billion.
Read more about the rise in
deposits
Other banking news and
articles:
Competition Nepali banking
sector (3-11-2008)
Standard Chartered PLC
to acquire American
Express Bank (19-9-2007)
Nepal
Banks hit by capital flight
(25-9-2007)
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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