Kathmandu, May 20
The first bank in Nepal, Nepal Bank Limited, has had rapid development in deposit mobilization and loan expansion. In the final month of April, Nepal Bank ranked top among 27 commercial banks in Nepal in terms of deposit collection and loan flow growth.
Deposits at Nepal Bank climbed by 24.35 percent in April, while credit expansion increased by 31.98 percent. Deposits at 19 of the 27 commercial banks have grown, while deposits at 8 commercial banks have decreased.
Commercial banks’ average deposit growth rate is 6.23 percent. Similarly, all 27 commercial banks have expanded their credit growth. Commercial banks raised their credit growth by 17.43% on average.
Total commercial bank deposits had reached Rs. 43.69 trillion by mid-April, while total credit flow had reached Rs. 41.91 trillion.
The loan-to-deposit ratio of 18 commercial banks during this time exceeded 90% of the limit imposed by Nepal Rastra Bank, according to statistics released by the Nepal Bankers
Association, while the loan-to-deposit ratio of Nepal Bank was within the NRB limit.
Commercial banks had a loan-to-deposit ratio of 90.88 percent on average. Approximately 2 million clients have been served by the bank, which has 213 branches, 170 ATM machines, and 47 extension counters spread across Nepal. The bank, which has roughly 2 million customers, is presently gaining market share by offering complete services using contemporary banking technologies.
