Comments on: Nepal’s untapped wealth

By: Deep Sherchan

Deep Sherchan — Wed, 04 Mar 2009 11:36:33 +0000

I find that there is a deadlock in the system. Its like egg and the hen dilemma. The confidence of investors are very very low. But among many banks in Nepal, the one I found interesting was the NABIL bank. Back then it had been considered as a Green Bank, it had promised to invest in the MICRO HYDRO Power stations in the the Villages, creating a hub for new entrepreneurs willing establish a system. It was a great initiative. But over all, we still need to overcome the fear and gain more confidence over people.

By: Uttam

Uttam — Tue, 03 Mar 2009 18:26:46 +0000

bibek, you are right on the money when you say “If there were suitable conditions for investment and business, the government could have easily run many successful ventures including power plants.”

Especially with a communist government in Nepal, absolutely being against private entrepreneurship and always looking ways for more government control over resources/businesses/education etc, Nepal is doomed to fail.
Just look at the quality of services provided of NTC, NEA or even TU.
I believe there is a big conspiracy on why there are so many banks coming out as mushrooms on the eve of Foreign banks coming to Nepal in 2010.

By: Pilar

Pilar — Tue, 03 Mar 2009 06:44:46 +0000

Just dropping by.Btw, you website have great content!

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By: Prajwal Tuladhar

Prajwal Tuladhar — Mon, 02 Mar 2009 06:35:17 +0000

But I strongly believe that most of the bank’s earnings are over-hyped and over-inflated hiding the true value of their stocks.
The source of capital for bank esp. in Nepal is either savings done by its customers or profit from the investment (which should be quite low) or from the share sale. But the problem is that due to current situation of country, there is no appropriate place for investment for banks. And still they are reporting high profits with more than double digit growth. I guess one can not earn so much profit by just saving / consumer loan transaction.
As I am not financial specialist this is only my personal view. I may be wrong too.