Kathmandu. Commercial banks have increased their investment in the construction sector. This is according to the data released by Nepal Rastra Bank (NRB) up to the second quarter of the current fiscal year.
According to the statistics, 20 commercial banks have invested Rs 219.80 billion in loans in the construction sector till mid-January of the current fiscal year. Previous fiscal year 2081. Banks had disbursed Rs 198.60 billion in loans to the construction sector till January 1980. Compared to the previous year, banks’ credit in the construction sector increased by 10.67 percent.
Compared to the previous year, the credit investment of 14 banks in the construction sector increased while six decreased. As of December of the current fiscal year, Nabil Bank has the highest investment in the construction sector while Machhapuchchhre is ahead in terms of growth rate.
As of mid-January of the current fiscal year, Nabil Bank has extended loans worth Rs 25.22 billion to the construction sector. The bank had disbursed Rs 24.54 billion in the same period last year. Compared to the previous year, credit flow has increased by 2.77 percent.
Laxmi Sunrise Bank is the second largest lender in the construction sector. As of mid-January, the bank has extended loans worth Rs 24.15 billion. The bank had disbursed Rs 19.09 billion in the same period of the previous year. The bank’s loan investment increased by Rs 26.52 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 22.28 billion to Rs 22.16 billion in the review period.
In comparison to the previous year, the loan investment of NIC Asia Bank, Kumari Bank, Agricultural Development Bank, Siddhartha Bank, Nepal Bank and Nepal SBI Bank decreased in the review period. Although the remaining 14 banks have increased their loan investment, Machhapuchchhre Bank has the highest growth rate of 47.20 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?
