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Loans
in Nepal |
Car finance by Nabil bank
We are committed to provide
finance for purchase of your
vehicles - be it for
personal or commercial
purpose. Please step into
one of our branches and ride
home in your new car
Vehicle loans by
CEFI
Loans to finance heavy commercial vehicles, Private Car, Jeep, Pickup,
and taxis
Auto loans
This Nepal Bank loan
is provided for:
- Purchase of new vehicles
- Purchase of old / used
vehicles (For Private use
only)
- Swapping (For Private and
Commercialuse use). Some of
criteria for taking
auto-loans are as follows.
-The loan is provided to
Nepalese Citizens only.
-This is provided to any
salaried and self-employed
individuals and companies.
Motor and car loans
Financing cars, vehicles for
private use by the Bank of
Kathmandu
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News item 24-3-2007 |
If you are planning to
purchase shares with
loans
from financial institutions
during the initial public
offering, simply give up the
idea. Nepal Rastra Bank (NRB)
has recently directed
financial institutions not
to extend loans for the
purpose of purchasing shares
during the first phase of
initial public offering
(IPO). However, the central
bank has stated that
institutions could be
allowed to give loans after
a week of the offering, if
the shares are not fully
subscribed until then. They
are required to keep at
least 50 percent margin in
their lending. The financial
institutions were providing
loans up to 95 percent of
the shares face value during
the IPO, with a margin of
only five percent. The
companies normally float
shares for a week during the
IPO, during which time most
of the companies see their
shares over-subscribed. If
their shares are not fully
subscribed during that time
frame, they could extend the
offering period for a month,
getting prior permission
from the Securities Board of
Nepal (SEBON). “We have
taken this step after
companies issuing primary
shares saw a spurt in the
cost for administrative
works to allot the shares,
due to the high volume of
applications,” said Krishna
Bahadur Manandhar, deputy
governor of the NRB speaking
at a press conference. The
central bank's move came
after investors began to
invest massively for shares
in the IPO with loans from
financial institutions.
Gorkha Development Bank
received demand for shares
worth over Rs 10 billion --
around 120 times higher than
the Rs 100 million it
required.
More
about loans and purchasing
shares
Other banking news and
articles:
agricultural development
bank loans (24-1-07)
recovery plan for bad
loans (1-1-07)
Housing & auto loans dominate consumer financing
Nepal banks rush into consumer lending
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Easy
money and loans in Nepal
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