Kathmandu. Commercial banks have increased their investment in the construction sector. This is according to the data released by Nepal Rastra Bank in the first 5 months of the current fiscal year.
As per the statistics, 20 commercial banks have invested Rs 215.24 billion in the construction sector till mid-December of the current fiscal year. Previous fiscal year 2081. As of December 1980, banks had disbursed Rs 191.20 billion in loans to the construction sector. In the review period, the loan investment of banks in the construction sector increased by 12.58 percent compared to the previous year.
Compared to the previous year, the credit investment of 15 banks in the construction sector increased while five decreased. As of mid-December of the current fiscal year, Nabil Bank has invested the most in the construction sector, while Citizens is ahead in terms of growth rate.
As of mid-December of the current fiscal year, Nabil Bank has disbursed loan of Rs 25.69 billion to the construction sector. The bank had disbursed Rs 24.70 billion in the same period last year. Compared to the previous year, credit flow increased by 3.62 percent.
Laxmi Sunrise Bank is the second largest lender in the construction sector. The bank has disbursed Rs 23.66 billion in loans till mid-November. In the same period last year, the bank had extended loans of Rs 18.55 billion. The bank’s loan investment increased by Rs 27.54 billion in the review period compared to the previous year.
NIC Asia Bank is in the third position. In the review period, the bank disbursed loans of Rs 18.14 billion to Rs 20.43 billion in the review period of the previous year.
In the review period, the loan investment of Kumari Bank, Agricultural Development Bank, Siddhartha Bank, Nepal Bank and Nepal SBI Bank decreased in comparison to the previous year. Although the remaining 15 loans have increased, Citizens Bank has the highest growth rate of 50.67 percent.
Nepal SBI Bank is the least disbursed loan to the construction sector.
How much loan is issued from which bank in the construction sector?TAG_OPEN_strong_22
