Kathmandu. More than Rs 217 billion has been disbursed by commercial banks in the tourism sector till Mid-April of the current fiscal year.
According to nepal rastra bank data, 20 commercial banks have disbursed loans worth Rs 217.94 billion to the tourism sector till April 10 of the current fiscal year. In the same period last year, banks had disbursed loans worth Rs 194.59 billion to the sector. Such loans have increased by 12 percent in the review period compared to the previous year.
Nepal Investment Mega Bank is the largest lender in the tourism sector. The bank has disbursed loans worth Rs 22.97 billion till Mid-April of the current fiscal year. This is an increase of 0.13 percent compared to the same period last year. In the same period last year, the bank had disbursed loans worth Rs 22.94 billion under this head.
Prabhu Bank is in the second place. The bank has provided loans worth Rs 21.49 billion to the tourism sector till the review period. In the previous fiscal year, the bank had disbursed loans worth Rs 17.89 billion. Bank loans increased by 20.10 percent in the review period as compared to the previous year.
Global IME Bank is the third largest lender in the tourism sector. In the review period, the loan disbursement in this sector increased by 26.46 percent to Rs 20.73 billion from Rs 15.82 billion in the previous year.
Similarly, Prime Commercial Bank has disbursed Rs 19.27 billion, Rastriya Banijya Bank Rs 17.33 billion, Kumari Bank Rs 16.35 billion, Himalayan Bank Rs 12.35 billion, Laxmi Sunrise Bank Rs 11.76 billion and Nabil Bank Rs 11.06 billion. Compared to the same period last year, prime loans increased by 16.38 percent, Rastriya Banijya Bank by 23.19 percent, Kumari by 16.94 percent, Himalayan by 10.11 percent and Laxmi Sunrise by 6.54 percent and Nabil by 3.97 percent.
Nmb Bank, Nepal Bank, Siddhartha Bank, Nepal SBI Bank, Nepal SBI Bank, Agriculture Development Bank, Sanima Bank, Sanima Bank, Nepal SBI Bank, Sanima Bank and Sanima Bank have been allocated Rs 9.91 billion, Rs 7.75 billion, Rs 7.88 billion and Rs 6.29 billion respectively. Machhapuchchhre Bank has provided loans worth Rs 5.42 billion, Everest Bank Rs 5.23 billion and Citizens Bank Rs 4.25 billion. The loan investment of all these banks has increased in the review period as compared to the previous year.
Similarly, NIC Asia Bank and Standard Chartered Bank have provided loans worth Rs 2.88 billion and Rs 1.07 billion respectively. Compared to the previous year, the loan investment of these two banks has decreased in the review period.
