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Kathmandu Friday December 01, 2000 Mangshir 16 2057.
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Clarification
Under the headline "NSLMB to issue public share" an
interview with General Manager was published in The Kathmandu Post recently where it was
quoted that financial condition was continuously improving after the Nepalese management
took over from Sri Lankan managers. The report says the Nepalese management changed the
worsening financial scenario by accumulating profit.
When I told this thing I had also mentioned that the change
in financial scenario had been possible mainly because of tremendous cut down in overhead
expenditure since the expatriates left. But, unfortunately this part of my interview is
missing and I myself have felt that this might create misunderstanding with MBSL. Actually
when I had given interview to other papers and monthly magazine Nispaksha and Bazar, I
have clearly stated that when we talk of strong footing and efficient management we must
not forget the 3 years relationship with MBSL and their efficient management. Today we
have reached to this point only with the management established by Merchant Bank of Sri
Lanka (MBSL) and with the effort of skilled and competent staffs.
I therefore want to clarify my actual statement through this
letter.
V M Malla
General Manager
Nepal Sri Lanka Merchant Bank Ltd |
