Kathmandu. Commercial banks have disbursed more than Rs 100 billion in share loans in the 11 months of the current fiscal year (July-May).
According to nepal rastra bank data, 19 out of the 20 commercial banks in operation have disbursed share loans worth Rs 106.18 billion till May. In the same period last year, banks had disbursed rs 68.62 billion in share loans. The demand for share loans has increased by 54.74 percent compared to the previous year.
Compared to the previous year, the share flow of 18 banks has increased and one has decreased. Standard Chartered Bank has not given any share loan.
Nabil Bank has the highest number of share loans till May of the current fiscal year. Nabil has disbursed share loans worth Rs 15.07 billion till May this year. In the same period last year, the bank had given a loan of Rs 11.42 billion. The bank’s share loan has increased by 31.95 percent compared to the previous year.
Global IME Bank is in second place. The bank has so far extended rs 11.60 billion in share loans till May this year. This is an increase of 63.52 percent compared to the same period last year. In the same period last year, Global IME had given a share loan of Rs 7.09 billion.
Kumar Bank is in third place. Kumari Bank has extended a loan of Rs 9.47 billion till May of the current fiscal year. In the same period last year, the bank had extended a loan of Rs 4.15 billion. Compared to the previous year, the bank’s share loan has increased by 128.14 percent.
Similarly, Siddhartha Bank has extended rs 8.41 billion, Prime Commercial Bank Rs 8.16 billion, Nepal Bank Rs 7.72 billion, Citizens Bank Rs 6.85 billion, Laxmi Sunrise Bank Rs 6.16 billion and Rastriya Banijya Bank Rs 6.66 billion. The credit flow of all these banks has increased in the previous year.
In the current fiscal year 2018/19, Prabhu Bank has disbursed Rs 4.52 billion, Agriculture Development Bank Rs 3.57 billion, Nepal Investment Mega Bank Rs 3.28 billion, Sanima Bank Rs 3.16 billion and Everest Bank Rs 2.82 billion. Compared to the previous year, the share flow of these banks has increased.
Similarly, Himalayan Bank, Machhapuchchhre Bank, NIC Asia Bank, NMB Bank and Nepal SBI Bank have extended rs 2.44 billion, Rs 2.44 billion, Rs 2.29 billion and Rs 616.7 million respectively. Compared to the previous year, the credit flow of NIC Asia Bank has decreased while the remaining banks have increased.
