Red flag about Corporate Development Bank (CORBL)

As a concerned citizen of Nepal, I wish to bring attention to certain aspects of Corporate Development Bank (CORBL) that merit careful consideration. While I am not providing financial advice or acting as an investor, I believe these concerns deserve further scrutiny.

1) Allegations Against Board Members:

Some members of CORBL’s board, notably the Ansari brothers, face troubling accusations. The composition of the board, primarily consisting of family and friends, raises questions about the following issues:

a. Tax Evasion: Basruddin Ansari is alleged to have evaded a substantial amount, approximately 90 million NRS, in taxes. This prompts concerns about ethical conduct and financial transparency.

b. Underworld Connections: Basruddin Ansari’s alleged ties to Dawood Ibrahim intensify worries about potential involvement in illegal activities, posing a risk to the bank’s reputation.




2)Financial Red Flags:

Recent financial indicators of CORBL are disconcerting:

a. Net Loss: The bank incurred a net loss in the latest annual report, signaling financial instability and potential risks for investors.

b. Negative ROE: The negative Return on Equity reflects the bank’s struggle to generate returns for shareholders.

c. High NPL Ratio: An increasing non-performing loan ratio suggests challenges in recovering debts, raising concerns about potential loan defaults and jeopardizing financial stability.

Source: Financial report

3)Lacking Website and Limited Reach:

CORBL’s website raises concerns:

a. Outdated and Unprofessional: Even though the company is worth 186 crore(approx), the website exhibits poor design, broken links, outdated information, and a lack of transparency, casting doubt on professionalism and commitment to user experience.

b. Limited Reach: With only four branches concentrated in Birgunj, CORBL has a notably smaller footprint than other banks, potentially impeding growth and market penetration.

Source: [](

While these issues do not conclusively prove wrongdoing, they collectively present a troubling image of CORBL. I encourage investors and stakeholders to conduct thorough research and seek professional advice before making any decisions.

Disclaimer: This report is for informational purposes only and does not constitute financial advice. It relies on publicly available information and does not claim to possess conclusive evidence for all allegations.

View on r/NepalStock by badri_


Please enter your comment!
Please enter your name here