Finance Companies in Nepal

Finance company is an organization that originates loans for both businesses and consumers. Much like a bank, a typical finance company acts as a lending entity by extending credit. However, the main difference between a bank and a finance company is that, unlike a bank, a finance company does not accept deposits from the public. Instead, a finance company may draw funding from banks and various other money market resources. But in case of Nepal, finance companies also a depository institution. They are licensed by Nepal Rastra Bank "C" class.

Until now there are 77 Finance Companies in Nepal (Source: Nepal Rastra Bank- Mid April-2012). Which are given below..

1	Nepal Housing Development Finance Co.Ltd.	Bijulibazar, Kathmandu
2	Nepal Finance Ltd.	Kamaladi, Kathmandu
3	NIDC Capital Markets Ltd.	Kamalpokhari, Kathmandu
4	Narayani National Finance Ltd.	Kalikasthan, Kathmandu
5	Annapurna Finance Co.Ltd.	Pokhara, Kaski
6	Nepal Share Markets and Finance Ltd.	Ramshahapath, Kathmandu
7	Peoples Finance Ltd.	Mahabauddha, Kathmandu
8	Mercantile Finance Co. Ltd.	Birgunj, Parsa
9	Kathmandu Finance Ltd.	Dillibazar, Kathmandu
10	Himalaya Finance Ltd.	Sundhara, Kathmandu
11	Union Finance Ltd.	Kamaladi,Kathmandu
12	Gorkha Finance Ltd.	Hattisar, Kathmandu
13	Paschhimanchal Finance Co.Ltd.	Butawal, Rupandehi
14	Nepal Housing & Merchant Finance Ltd.	Dillibazar, Kathmandu
15	Universal Finance Ltd.	Kantipath, Kathmandu
16	Samjhana Finance Co. Ltd.	Banepa, Kavre
17	Goodwill Finance Ltd.	Dillibazaar, Kathmandu
18	Siddhartha Finance Ltd.	Siddarthanagar, Rupandehi
19	Shree Investment & Finance Co. Ltd.	Dillibazar, Kathmandu
20	Lumbini Finance & Leasing Co. Ltd.	Thamel, Kathmandu
21	Inbesta Finance Ltd.	Birgunj, Parsa
22	Yeti Finance Ltd.	Hetauda, Makawanpur
23	Standard Finance Ltd.	Narayanchaur, Kathmandu
24	International Leasing & Finance Co. Ltd.	Naya Baneshwor, Kathmandu
25	Mahalaxmi Finance Ltd.	Putalisadak, Kathmandu
26	Lalitpur Finance Co. Ltd.	Lagankhel, Lalitpur
27	Bhajuratna Finance & Saving Co. Ltd.	Kantipath, Kathmandu
28	United Finance Co. Ltd.	Durbarmarg, Kathmandu
29	General Finance Ltd.	Chabahil, Kathmandu
30	Merchant Finance Co. Ltd.	Newroad, Kathmandu
31	Alpic Everest Finance Ltd.	Kathmandu Mall, Kathmandu
32	Nava Durga Finance Co.Ltd.	Itachhe, Bhaktapur
33	Janaki Finance Co. Ltd.	Janakpurdham, Dhanusha
34	Pokhara Finance Ltd.	Pokhara, Kaski
35	Central Finance Ltd.	Kupondole, Lalitpur
36	Premier Finance Co. Ltd.	Kumaripati, Lalitpur
37	Arun Finance Ltd.	Dharan, Sunsari
38	Multipurpose Finance Co. Ltd	Rajbiraj, Saptari
39	Butwal Finance Ltd.	Butawal, Rupandehi
40	Shrijana Finance Ltd.	Biratnagar, Morang
41	Om Finance Ltd.	Pokhara, Kaski
42	CMB Finance Ltd.	Kamalashhi, Kathmandu
43	World Merchant Banking & Finance Ltd.	Hetauda, Makawanpur
44	Capital Merchant Banking & Finance Co. Ltd.	Battisputali, Kathmandu
45	Crystal Finance Ltd.	Thapathali, Kathmandu
46	Royal Merchant Banking & Finance Ltd.	Durbarmarg, Kathmandu
47	Guheshworil Merchant Banking & Finance Ltd.	Pulchowk, Lalitpur
48	Patan Finance Co. Ltd.	Pulchowk, Lalitpur
49	Fewa Finance Ltd.	Pokhara, Kaski
50	Everest Finance Ltd.	Siddharthanagar, Rupandehi
51	Prudential Finance Company Ltd	Dillibazar, Kathmandu
52	ICFC Finance Ltd.	Bhatbhateni, Kathmandu
53	IME Financial Institution Ltd.	Panipokhari, Kathmandu
54	Sagarmatha Merchant Banking and Finance Ltd	Maanvawan,Lalitpur
55	Shikhar Finance Ltd.	Thapathali,Kathmandu
56	Civil Merchant Bittiya Sanstha Ltd.	Kuleshwor,Kathmandu
57	Prabhu Finance Co. Ltd.	Lainchur,Kathmandu
58	Imperial Finance Ltd.	Thapathali,Kathmandu
59	Kuber Merchant Finance Ltd.	Kamalpokhari, Kathmandu
60	Nepal Express Finance Ltd.	Sundhara, Kathmandu
61	Valley Finance Ltd.	Maharajgunj,Kathmandu
62	Seti Bittiya Sanstha Ltd.	Tikapur, Kailali
63	Hama Merchant & Finance Ltd.	Tripureshwor, Kathmandu
64	Reliable Finance Ltd.	Sundhara, Kathmandu
65	Loard Buddha Finance Ltd.	Fasikeb, Kathmandu
66	Api Finance Ltd.	Pokhara, Kaski
67	Nameste Bitiya Sanstha Ltd..	Ghorai, Dang
68	Kaski Finance Ltd.	Pokhara, Kaski
69	Suryadarshan Finance Co. Ltd.	New Baneshor, Kathmandu
70	Zenith Finance Ltd.	Newroad, Kathmandu
71	Unique Financial Institution Ltd.	Putalisadak, Kathmandu
72	Manjushree Financial Institution Ltd.	New Baneshor, Kathmandu
73	Swostik Merchant Finance Company Ltd.	Kichapokhari, Kathmandu
74	Subhalaxmi Finance Ltd.	Naxal, Kathmandu
75	Jebil`s Finance Ltd.	New Road, Kathmandu
76	Reliance Finance Ltd.	Pradarsani Marg, Kathmandu
77	Lotus Investment Finance Ltd.	Newroad, Kathmandu
78	Baibhab Finance Ltd.	Naya Baneshwor , Kathmandu
79	Bhaktapur Finance Ltd.	Chyamsing ,Bhaktapur

Source: Nepal Rastra Bank

As in above list there are 79 Financial Companies in Nepal. Some of them are merged with Commercial banks and Development Banks resulting only 77 in number.

Some of the examples are Birgunj Finance, Universal Finance, Standard Finance etc. went to merge with A and B class banks.