Kathmandu. Commercial banks have invested more than Rs 2.25 trillion in the 11 months of the current fiscal year.
According to nepal rastra bank data, 20 commercial banks have invested Rs 232.37 billion in real estate. In the same period last year, the banks had extended loans worth Rs 217.11 billion. Compared to the previous year, the loan to real estate increased by 7.03 percent in the review period.
As compared to the previous year, 15 commercial banks have increased their investment in real estate loans and five have decreased. Nepal Investment Mega Bank is the largest lender while Kumari Bank is ahead in terms of growth rate.
Nepal Investment Mega Bank (NIB) has invested Rs 25.06 billion in real estate loans till May of the current fiscal year. In the same period last year, the bank had disbursed loans worth Rs 24.04 billion. Nepal Investment Mega Bank’s loan investment has increased by 4.24 percent compared to the previous year.
NIC Asia Bank has extended its second loan to real estate. During the review period, the bank has disbursed loans worth Rs 24.83 billion. In the same period last year, the bank had invested Rs 29.07 billion in real estate. Compared to the previous year, the loan from this bank decreased by 14.60 percent in the review period.
Nabil is the third largest real estate lender. Nabil Bank had invested Rs 22.78 billion in loans till May last year, which increased by 6.97 per cent to Rs 24.36 billion at the end of the review period.
In comparison to the previous year, loans from NIC Asia, Himalayan Bank, Nepal Bank, Siddhartha Bank and Nepal SBI Bank have decreased. The remaining 15 commercial banks have increased. Among them, Kumari Bank’s loan investment in real estate has increased by 84.42 percent while Nepal Bank’s loan has decreased by 42.77 percent.
