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<p style="text-align:justify">Chief Executive Officer of NMB Bank Upendra Poudyal said the conference was focused on six principles of banking. He said the main objective of the conference was to convey a message on thinking about livelihood of the people rather than profit. The main conclusion of the conference is that banks should run their businesses on the basis of triple bottom line - people, planet and prosperity.</p>
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<p style="text-align:justify">The conference which was coordinated by the NMB Bank drew conclusions for contributing by the banks for economic and social transformation while internalizing the concept of value-based banking.</p>
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March 10: The ninth Global Alliance for Banking on Values (GABV) held in the capital since Tuesday with the theme 'Shifting the financial paradigm: courage to act together,' concluded on Thursday, March 9 while emphasizing on expanding investment by the banks in the productive sectors for the prosperity of the country.
The conference which was coordinated by the NMB Bank drew conclusions for contributing by the banks for economic and social transformation while internalizing the concept of value-based banking.
Chief Executive Officer of NMB Bank Upendra Poudyal said the conference was focused on six principles of banking. He said the main objective of the conference was to convey a message on thinking about livelihood of the people rather than profit. The main conclusion of the conference is that banks should run their businesses on the basis of triple bottom line - people, planet and prosperity.
He also said the value-based banking was not taken seriously in Nepal so far. "The Nepal Rastra Bank has directed us about expanding branches in villages, investing in productive sector and has specified the target sector, but the banks are so far focusing on quick profit only," he said.
He said the principles presented by the NMB Bank on value-based banking were compatible with the country. The bank had presented report on the success of businesses of tempo drivers, small investment in Nepali paper industries and the impact of micro hydro projects.
All the participants in the conference called on all the stakeholders for moving ahead in cohesion for the expansion of value -based banking to bring about improvement in the lifestyle of the local communities.
They also informed that their programmes were focused on uplifting the local communities and to cooperate in local entrepreneurship while conserving the environment.
The eighth conference of GABV headquartered in the Netherlands was held in Netherlands itself and the tenth will be held in Peru. The conference was the annual programme of the GABV. They discussed on the future leadership to move ahead value-based banking concept effectively.
Some 120 participants from 28 countries of Asia, Africa, Australia, South and North America and Europe, including ministers, central bank governors and CEOs of 43 financial institutions and board members had participated in the conference. Banking experience of each other was exchanged in the four sessions of the conference.
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<p style="text-align:justify">They also informed that their programmes were focused on uplifting the local communities and to cooperate in local entrepreneurship while conserving the environment.</p>
<p style="text-align:justify">The eighth conference of GABV headquartered in the Netherlands was held in Netherlands itself and the tenth will be held in Peru. The conference was the annual programme of the GABV. They discussed on the future leadership to move ahead value-based banking concept effectively. </p>
<p style="text-align:justify">Some 120 participants from 28 countries of Asia, Africa, Australia, South and North America and Europe, including ministers, central bank governors and CEOs of 43 financial institutions and board members had participated in the conference. Banking experience of each other was exchanged in the four sessions of the conference.</p>
<p style="text-align:justify"><img alt="" src="/userfiles/images/value%20based%20banking.JPG" style="height:439px; width:700px" /></p>
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'summary' => 'March 10: The ninth Global Alliance for Banking on Values (GABV) held in the capital since Tuesday with the theme 'Shifting the financial paradigm: courage to act together,' concluded on Thursday, March 9 while emphasizing on expanding investment by the banks in the productive sectors for the prosperity of the country.',
'content' => '<p style="text-align:justify">March 10: The ninth Global Alliance for Banking on Values (GABV) held in the capital since Tuesday with the theme 'Shifting the financial paradigm: courage to act together,' concluded on Thursday, March 9 while emphasizing on expanding investment by the banks in the productive sectors for the prosperity of the country.</p>
<p style="text-align:justify">The conference which was coordinated by the NMB Bank drew conclusions for contributing by the banks for economic and social transformation while internalizing the concept of value-based banking.</p>
<p style="text-align:justify">Chief Executive Officer of NMB Bank Upendra Poudyal said the conference was focused on six principles of banking. He said the main objective of the conference was to convey a message on thinking about livelihood of the people rather than profit. The main conclusion of the conference is that banks should run their businesses on the basis of triple bottom line - people, planet and prosperity.</p>
<p style="text-align:justify">He also said the value-based banking was not taken seriously in Nepal so far. "The Nepal Rastra Bank has directed us about expanding branches in villages, investing in productive sector and has specified the target sector, but the banks are so far focusing on quick profit only," he said.</p>
<p style="text-align:justify">He said the principles presented by the NMB Bank on value-based banking were compatible with the country. The bank had presented report on the success of businesses of tempo drivers, small investment in Nepali paper industries and the impact of micro hydro projects. </p>
<p style="text-align:justify"> All the participants in the conference called on all the stakeholders for moving ahead in cohesion for the expansion of value -based banking to bring about improvement in the lifestyle of the local communities.</p>
<p style="text-align:justify">They also informed that their programmes were focused on uplifting the local communities and to cooperate in local entrepreneurship while conserving the environment.</p>
<p style="text-align:justify">The eighth conference of GABV headquartered in the Netherlands was held in Netherlands itself and the tenth will be held in Peru. The conference was the annual programme of the GABV. They discussed on the future leadership to move ahead value-based banking concept effectively. </p>
<p style="text-align:justify">Some 120 participants from 28 countries of Asia, Africa, Australia, South and North America and Europe, including ministers, central bank governors and CEOs of 43 financial institutions and board members had participated in the conference. Banking experience of each other was exchanged in the four sessions of the conference.</p>
<p style="text-align:justify"><img alt="" src="/userfiles/images/value%20based%20banking.JPG" style="height:439px; width:700px" /></p>
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