Commercial banks collected extra deposits of Rs 61.64 billion, while lending Rs 30.04 billion last month

Published On: October 22, 2022 06:38 PM NPT By: Republica  | @RepublicaNepal

KATHMANDU, Oct 22: Commercial banks collected additional deposits of Rs 61.64 billion last month, while they lent additional Rs 30.04 billion during the period.

The records with the Nepal Bankers’ Association (NBA) show that the deposit collection with the banks increased from Rs 4.485 trillion to Rs 4.547 trillion during mid-September and mid-October. Out of 26 ‘A’ class financial institutions, five witnessed a decline in their deposits collection.

Of the remaining, Nabil Bank collected additional deposits of Rs 7.97 billion, the largest of all. Likewise, Nepal Investment Bank Limited added Rs 7.20 billion and Global IME Bank added Rs 6.28 billion in their deposits collection.

Sunrise Bank saw a fall in its deposits collection by Rs 2.86 billion. NMB Bank, NIC Asia Bank, Kumari Bank and Everest Bank also lost their available funds in deposits.  

During the review period, the lent out amounts by the banks increased from Rs 4.190 trillion to Rs 4.220 trillion. Six banks including Laxmi Bank, Global IME Bank, Sunrise Bank, Rastriya Banijya Bank, Nepal Bank and Standard Chartered Bank had their lending figures declined.   

Nabil Bank lent the largest of Rs 2.96 billion. It was followed by Himalayan Bank with Rs 2.84 billion and Mega Bank with Rs 2.79 billion. 


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