Kathmandu. Commercial banks have increased their lending in the stock market as the demand for loans from other sectors has slowed.
Nepal Rastra Bank (NRB) has released the current fiscal year 2082. According to the data of the first month of ’83, 19 out of 20 commercial banks have issued share loans of Rs 120.61 billion. These banks were registered in the last fiscal year 2081. By mid-July 2018, it had issued a loan of Rs 71.69 billion. Accordingly, the share loans issued by banks during the review period increased by 68.23 percent compared to the previous year.
As of the review period, Nabil Bank is the largest lender in terms of share loan, while Machhapuchchhre is ahead in terms of growth rate. Share loans from 18 banks increased in the review period compared to the previous year. NIC Asia has reduced its share loan while Standard Chartered Bank has not issued loans under this head.
Nabil Bank has issued a loan of Rs 16.57 billion in the current FY. This is 54.66 percent more than the previous year. In the previous fiscal year, the bank had issued loan of Rs 10.71 billion.
Global IME Bank is the second largest lender in the world. In the review period of the previous year, the bank had extended loan of Rs 8.12 billion to Rs 12.89 billion.
Kumari is the third bank to offer a large number of share loans. The bank has issued loan of Rs 11.25 billion till mid-July of the current fiscal year. In the previous fiscal year, the bank had issued a loan of Rs 5.27 billion. Compared to the previous year, the bank’s share loan increased by 113.18 percent in the review period.
During the review period, Nepal SBI Bank Ltd (SBI) was the lowest lender, while NIC Asia Bank Ltd saw a decline of 40.01 percent.
