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.
The current fiscal year 2083 released by the Nepal Rastra Bank. According to the data till the second month of 2018, 19 commercial banks (excluding Standard Chartered) accumulated non-banking assets worth Rs 47.69 billion. In the previous fiscal year 2082. As of August 2083, the banks had non-banking assets worth Rs 42.91 billion. Non-banking assets were added by 11.15 percent in commercial banks during the review period compared to the previous year.
Among the commercial banks, the non-banking assets of five banks decreased while 14 increased during the review period. Among the commercial banks, Himalaya Bank has the highest number of non-banking assets, while Nepal Investment Mega Bank has the highest number of non-banking assets. Global IME, NIC Asia, Nabil, Kumari and Everest Bank have reduced their non-banking assets.
As of August of the current financial year, Himalayan Bank has accumulated non-banking assets worth Rs 6.40 billion. In the same period of the previous year, the bank had non-banking assets worth Rs 5.84 billion. Such assets have increased by 9.74 percent compared to the previous year.
Similarly, the second highest number of non-banking assets is in Nepal Investment Mega Bank and the third largest in Global IME Bank. As of the review period, Nepal Investment Mega Bank has non-banking assets worth Rs 5.86 billion and Global IME Bank has non-banking assets worth Rs 5.67 billion. Compared to the previous year, such assets of Nepal Investment Mega Bank increased by 53.43 percent and Global IME Bank decreased by 6.75 percent.
Rastriya Banijya Bank has the lowest number of non-banking assets. As of the review period, the bank had non-banking assets worth Rs 27.73 crore. The non-banking assets in the bank decreased by 2.97 percent compared to the previous year.
How many non-banking assets in which bank?
