NRB issues Rs 114 billion under refinance schemes as of mid-May

Published On: May 24, 2022 07:15 AM NPT By: Republica  | @RepublicaNepal

KATHMANDU, May 24: Nepal Rastra Bank (NRB) provided Rs 114 billion in refinance facilities as of mid-May this year.

Of the recipients of the central bank’s scheme, 52 percent were firms related to the tourism business. Similarly, 19 percent of the amount was taken by hydropower companies and 12 percent was utilized by manufacturing companies.

A total of 24,292 firms utilized refinance schemes through 44 banks and financial institutions. Since January 2021, NRB has been offering refinance service to the business enterprises affected by the COVID-19 pandemic.


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