Commercial banks collected Rs 25 billion in deposits, offered Rs 12 billion in loans in past one month

Published On: February 16, 2023 07:29 PM NPT By: Republica  | @RepublicaNepal


Commercial banks collected Rs 25 billion in deposits, offered Rs 12 billion in loans in past one month

KATHMANDU, Feb 16: Commercial banks collected deposits worth Rs 25 billion in the past one month between mid-January and mid-February.

According to the Nepal Bankers’ Association, the banks issued loans worth Rs 12 billion during the period. The prevailing exorbitant interest rate has taken down the demand for loans, according to bankers.

As of mid-February, the ‘A’ class banks in the country collected deposits of Rs 4.741 trillion, an increase from Rs 4.541 trillion in mid-July 2022. Likewise, the banks issued loans of Rs 4.290 trillion, up from Rs 4.175 trillion in the review period.

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