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Nepalese Banks |
Himalayan Bank Ltd
ATM, Credit Cards and all banking services. Branches in Kathmandu,
Biratnagar, Dharan, Patan, Bhaktapur, Pokhara, Butwal, Hetauda, Banepa,
Birgunj
Standard Chartered
At standard Chartered we believe in being the
right partner to our customers. Our home advantage scheme offers a wide
range of loans at very attractive rates
More banks in Nepal |
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Nepalese Loans |
Standard Chartered
At standard Chartered we believe in being the
right partner to our customers. Our home advantage scheme offers a wide
range of loans at very attractive rates
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Financial institutions |
Hama finance
Good deposit
schemes, 1 year fixed
7%, 3 year even 8%
Ace finance company
Business Development
Finance Inst.
Nawa Kantipur
Union finance company
National finance Co.
Standard Finance Limited
Capital Merchant Banking
& Finance
Everest finance
Ime Financial
institution |
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News item 10-5-2007 |
With a continuous rise in
the inflow of remittances,
money earned by Nepalis
working overseas has become
a vibrant contributor to the
gross domestic products
(GDP) of the country. It has
surpassed exports as the top
contributor to foreign
exchange earnings.
A significant rise in the
contribution by remittances
to the GDP from 11.5 per
cent in 2000-01 to 16.8 per
cent in 2005-06 is a clear
testament that its role in
the national economy
is gaining stature. It has
now positioned itself as the
top contributor to foreign
exchange earnings for the
last five years. This was
revealed in a
Nepal Rastra bank
(NRB) report on ‘Inflow
of Workers’ Remittances:
Nepal’s Experiences’
presented at SAARC-Finance
seminar on Management of
Workers’ Remittances in
SAARC Countries, today.
The share of remittances in
total foreign exchange
earnings increased from 36.6
per cent in 2003-04 to 46.7
per cent in 2005-06, whereas
the corresponding share of
exports dropped to 29.4 per
cent in 2005-06 from 34.5
per cent in 2003-04.
The growing remittances have
led to a surplus in the
current account, thereby
strengthening the overall
balance of payment position.
The share of remittances in
total current account soared
to 46.7 per cent from 29.8
per cent in the past five
years. Growth of 26 per cent
in convertible currency
reserves of the banking
system is also due to
increasing remittances. The
report also shows that the
inflow of remittances
through official channels
registered a dramatic rise
from Rs 47.53 billion in
2001-02 to Rs 97.68 billion
in 2005-06.
However, it doesn’t take
into account the flow
through informal channels,
as the econometric analysis
and available household
surveys show that unrecorded
flows through informal
channels may add 50 per cent
or more to recorded flows.
Other investment news and
articles:
Again
rise in remittance
(16-3-2008)
Remittance exceeds $1
billion (29-1-2008)
5
years International Money
Express (14-6-2007)
Nepal Stock Exchange
suspends trading
Nepal Credit and
Commerce Bank
shares (30-1-2007)
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Easy
money and Nepali finance
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