Kathmandu. Banks have made public the raw financial statements for the third quarter of the current fiscal year. Out of the 20 commercial banks in operation, the bad loans of most of the banks have increased. According to the data, the banks are still facing problems in loan recovery.
According to the third quarter statements made public by the banks, the average bad loans of 20 commercial banks have increased by 32 percent. The average bad loans of the banks are 4.82 percent. In the same period of the last fiscal year, such an average was 3.65 percent.
According to the financial statements made public by the banks, the bad loans of all banks except two commercial banks have increased. Among the 20 commercial banks, only Everest Bank and Standard Chartered Bank have seen their bad loans decrease, while 18 banks have seen their bad loans increase.
In the third quarter of the current fiscal year, Everest Bank’s bad loan ratio is 0.64 percent. In the same period of the previous fiscal year, the bank’s bad loan was 0.70 percent, while Standard Chartered Bank’s bad loan ratio is 1.44 percent. In the same period of the previous fiscal year, such ratio was 2.14 percent.
Himalayan Bank has the highest bad loan till this period. The bank’s bad loan ratio is 7.68 percent. In the same period of the previous fiscal year, the bank’s bad loan ratio was 4.96 percent.
Similarly, Kumari Bank had 6.98 percent, Nepal Investment Mega Bank had 6.06 percent, Laxmi Sunrise Bank had 5.86 percent, NIC Asia Bank had 5.75 percent, Citizens Bank had 5.71 percent, Prime Commercial Bank had 5.65 percent, Nepal Bank had 5.45 percent and Prabhu Bank had 5.09 percent.
Similarly, Global IME Bank had 4.98 percent bad loans, Krishi Bikas Bank had 4.98 percent, Nabil Bank had 4.96 percent, Rastriya Banijya Bank had 4.69 percent, Machhapuchhre Bank had 4.59 percent, NMB Bank had 5.09 percent. 4.47 percent, Nepal SBI Bank 4.06 percent, and Siddhartha Bank 4.04 percent have bad loans.
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