our country has small population but finance company increases

ddrperera

ddrperera

Vice President - Equity Analytics

Posts : 1032
Equity Stars : 7444
Reputation : 22
Join date : 2011-07-13
Age : 39

share with ideas

zen

zen

Manager - Equity Analytics

Posts : 163
Equity Stars : 5096
Reputation : 7
Join date : 2011-07-30
Age : 37
Location : Colombo

I don't know whether we have more than average financial companies in this country but it's true that a lot of middle class people don't know and don't care about investing.
There are not enough encouragement from anyone to the general public to save and invest.(Excluding banks and finance companies, which is actually not investing but only saving).
Then there's the risk. A lot of people don't like risk and only few has the ability and discipline to face and manage risk.
As a country, we have a long way to go in this regard and we haven't even started. We even have several communist parties(which I personally and whole heartadly hate) in the country.

glad

glad

Senior Manager - Equity Analytics

Posts : 466
Equity Stars : 5407
Reputation : 11
Join date : 2011-07-05

They are like mushrooms popping up in every corner.
To survive they may have to under cut each other and break all rules and regulations and finally put all depositors in a mess.

UKboy

UKboy

Senior Vice President - Equity Analytics

Posts : 1943
Equity Stars : 7531
Reputation : 391
Join date : 2011-02-08
Location : Earth

ddrperera wrote:share with ideas

Yes you are absolutely correct. We should not have this many financial institutes in such a small country with small GDP. Central Bank should implement more and more restrictions for new financial institutes.

I hope these mini financial institutes will oneday take over by Banks or large institutes

Too much competition is not good for any sector development. This is one of the main reasons why we are struggling to go for foreign financial markets.

Sri Lanka (of course) land like no other..! We always like to do what others do. same applies in financial sector.

windi5

windi5

Moderator

Posts : 1549
Equity Stars : 8068
Reputation : 157
Join date : 2011-05-21

Its like Chinese restaurants if some one start others follow

Sponsored content

Name*:
Phone number:
Email address*:
Comments*:
* - required fields	Learn

Name*:
Phone number:
Email address*:
Comments*:
* - required fields	Learn

Latest topics

our country has small population but finance company increases

1 our country has small population but finance company increases Wed Sep 28, 2011 9:46 pm

ddrperera

2 Re: our country has small population but finance company increases Wed Sep 28, 2011 9:58 pm

zen

3 Re: our country has small population but finance company increases Wed Sep 28, 2011 10:36 pm

glad

4 Re: our country has small population but finance company increases Wed Sep 28, 2011 10:47 pm

UKboy

5 Re: our country has small population but finance company increases Fri Sep 30, 2011 11:51 pm

windi5

6 Re: our country has small population but finance company increases

Sponsored content

New topics