KATHMANDU, Oct 29: Nepali commercial banks disbursed loans of around Rs 141 billion in the first three months of the current Fiscal Year (FY).
According to the Nepal Bankers’ Association, the loan portfolio of 20 commercial banks reached Rs 5.430 trillion by mid-October this year. As of the end of the last FY, the amount stood at Rs 5.289 trillion. The loan issuance increased mainly in the past two months, with the banks recording a total loan disbursement of Rs 62.68 billion and Rs 80.03 billion, respectively.
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Global IME Bank recorded the highest volume of loan disbursement. During the review period, its loan portfolio grew by Rs 30.97 billion, reaching Rs 507.81 billion. Likewise, Nabil Bank’s loan disbursement increased Rs 16.44 billion, reaching Rs 504.42 billion.
Over a three-month period, 17 commercial banks saw an increase in their loan disbursements, while three banks experienced a decline. The banks that saw a decrease in loan disbursements were Prabhu Bank, NIC Asia Bank, and Sanima Bank.
