Kathmandu. Commercial banks have increased their credit investment in the construction sector. The current fiscal year 2083 released by the Nepal Rastra Bank. This is seen from the data up to the second month of August 84.
According to the data, 20 commercial banks have invested Rs 244.76 billion in the construction sector till August of the current financial year. In the previous fiscal year, 2082. As of August 2018, loans from banks in the construction sector were Rs 208.84 billion. The credit investment of banks in the construction sector has increased by 17.20 percent compared to the previous year.
Compared to the previous year, the credit investment of 18 banks in the construction sector has increased while 2 have decreased. As of August of the current year, the highest investment in the construction sector has been in the banks, while the Agricultural Development Bank is ahead in terms of growth rate.
Nabil Bank disbursed loans worth Rs 28.30 billion in the construction sector till August of the current year. In the same period last year, the bank had disbursed loans worth Rs 25.44 billion. The loan disbursement increased by 11.21 percent compared to the previous year.
Laxmi Sunrise Bank is the second largest lender in the construction sector. As of August, the bank has disbursed loans worth Rs 26.37 billion. In the same period last year, the bank had disbursed loans of Rs 21.16 billion. The bank’s loan investment increased by Rs 24.65 billion in the review period compared to the previous year.
Citizens Bank is in the third position. The bank disbursed loans to the construction sector of Rs 16.74 billion till August last year, which increased by 28.01 percent to Rs 21.43 billion in the review period.
In comparison to the previous year, the loan investment of NIC Asia and Kumari Bank in this sector has decreased. Although the remaining 18 have increased their loan investment, Agricultural Development Bank has the highest growth rate of 63.28 percent.
Nepal SBI Bank is the least lender in the construction sector. The bank has invested Rs 1.05 billion till August of the current financial year. This is an increase of 14.47 percent compared to the previous year.
How much loan is issued from which bank in the construction sector?
