Kathmandu. The accumulation of non-banking assets in commercial banks has increased due to the slowdown in the recovery of bad loans. On the one hand, the pressure on the financial health of the banks is increasing due to the increasing liquidity and on the other hand, the new loan flow is not gaining momentum.
Last fiscal year 2082 released by the Nepal Rastra Bank. According to the data till July 2018, 19 commercial banks (excluding Standard Chartered) accumulated non-banking assets worth Rs 48.08 billion. In the previous fiscal year 2081. As of the same period of 82 years, the banks had non-banking assets worth Rs 42.77 billion. Non-banking assets of Rs 42.77 billion have been added in commercial banks during the review period as compared to the previous year.
Compared to the previous year, the non-banking assets of six commercial banks decreased while 13 increased in the review period. Among the commercial banks, the non-banking assets of Nepal Investment Mega Bank increased the most. Global IME, NIC Asia, Nabil, Kumari, Everest Bank and Rastriya Banijya Bank have decreased their non-banking assets.
Himalayan Bank had the highest number of non-banking assets till mid-July of the last financial year. The bank had accumulated non-banking assets worth Rs 6.48 billion. In the same period last year, the bank had non-banking assets worth Rs 5.66 billion. Such assets have increased by 14.55 percent compared to the previous year.
Similarly, the second highest number of non-banking assets are held by Nepal Investment Mega Bank and Global IME Bank. As of the review period, Nepal Investment Mega Bank had non-banking assets worth Rs 5.87 billion and Global IME Bank had non-banking assets worth Rs 5.69 billion. Global IME Bank’s net worth decreased by 5.97 percent compared to the previous year.
Rastriya Banijya Bank has the lowest number of non-banking assets. As of the review period, the bank has non-banking assets worth Rs 31.04 crore. The non-banking assets in the bank have decreased by 2.97 percent compared to the previous year.
How many non-banking assets in which bank?
