BFIs approves refinance loans of Rs 106.8 billion as of mid-January

Published On: January 20, 2022 05:30 PM NPT By: Republica  | @RepublicaNepal

KATHMANDU, Jan 20: Banks and financial institutions (BFIs) approved refinance loans worth Rs 106.8 billion to a total of 24,267 firms as of mid-January.

The records of Nepal Rastra Bank (NRB) show that these firms have been approved with the aforementioned amount of refinance loans through 43 banks and financial institutions (BFIs). Of the total amount, 52.15 percent of the amount was approved to the firms based in Bagmati Province alone.  

Sudurpaschim Province accounted for the minimum recipients of the refinance loans. Over the period, firms based in this province were sanctioned for Rs 7.10 billion under the heading.

Sector wise, tourism businesses are to receive refinance loans of Rs 6.79 billion, the largest of all. The amount makes 49.89 percent of the total credit under the heading. With the approval of Rs 3.24 billion, hydropower plants stand second in the row. 

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