Expo aims to reinforce financial industry

Himalayan News Service

Kathmandu, April 8:

The growing financial sector in Nepal is set to gain momentum as most financial institutions, insurance companies, banks, money transfers agencies and automobile dealers are taking interest to participate in an event like the Nepal Money Expo.

The Money Expo 2005, which is scheduled to run from April 8 to 10, at Birendra International Convention Centre (BICC) is a new concept and first of its kind being promoted by various institutions. “The exhibition of diversified financial products is going to make a positive impact in the financial sector in the days ahead,” say financial experts.

One one hand, banks are exhibiting their loan schemes at competitive prices on the other, automobile dealers are hungry for consumers to sell their vehicles as banks offer more and more cheaper interest rates on auto loans.

Exhibition of various consumer items under one room is going to stimulate financial services.

Remittance being a major contributor to the national coffer, money transfer agents are also hurrying in to join the Nepal Money Expo to attract people towards transparent and safe ways to transfer money.

Exhibitors are ready to address the queries of consumers related to consumer loans, money transfer issues, interest rates of banks and various other financial facilities being offered by companies.

At a time when the national business confidence has taken a severe beating, exhibitors

hope to benefit from the Money Expo by building up their image, strengthen transparency and

establish face-to-face contact with customers.