Kathmandu. Despite the flexible policy adopted by the Nepal Rastra Bank, the investment in real estate has not gained momentum. Still, the investment in real estate has slowed down.
According to the Nepal Rastra Bank (NRB), 20 commercial banks have been operating in the current fiscal year 2082. In the third quarter of 2018, loans worth Rs 215.28 billion have been invested. Previous fiscal year 2081. As of April 1980, loans worth Rs 235.08 billion had been invested in real estate. Credit investment decreased by 8.42 percent in the review period compared to the previous year.
Compared to the previous year, the credit investment of 9 banks increased while the loan investment of 11 banks decreased in the review period. Nepal Investment Mega Bank is the largest lender in real estate while Agriculture Development Bank is ahead in terms of growth rate.
Nepal Investment Mega Bank Limited (NIBL) has disbursed loan of Rs 24.38 billion in real estate till mid-April of the current fiscal year. In the previous fiscal year, the bank had invested Rs 25.30 billion in real estate. Compared to the previous year, the credit from banks decreased by 3.64 percent in the review period.
Similarly, NIC Asia Bank is the second largest lender in real estate. The bank disbursed Rs 25.70 billion in real estate loans till mid-April of the previous year, which disbursed Rs 20.58 billion in the review period. The bank’s loan investment decreased by 19.92 percent in the review period compared to the previous year.
Prime Commercial is the third largest lender in real estate. During the review period, the bank disbursed loans of Rs 20.37 billion. The bank had invested Rs 22.67 billion in the same period last year. The bank’s loan investment has also decreased by 10.13 percent.
Compared to the previous year, the highest agricultural development increased the loan investment in real estate by 61.51 percent in the review period. The bank has disbursed Rs 3.11 billion in loan during the review period.
Nepal SBI Bank is the bank with the lowest loan disbursement till mid-April this year. The bank has disbursed a loan of Rs 13.98 crore. This is 65.14 percent less than the previous year.
Which bank’s loan investment increased/decreased?
