March 20, 2022 | Investopaper
Nepal Bank Limited has shown high growth in both deposit mobilization and credit expansion.
Out of 27 commercial banks in Nepal, Nepal Bank has been in the first place in terms of growth in deposit collection and credit flow in the last month of Falgun. The bank’s deposits have increased by 21.67 percent and credit expansion by 30.35 percent in Falgun.
The bank is currently providing banking services through 213 branches, 147 ATMs and 47 extension counters.
Out of 27 commercial banks, deposits of 17 commercial banks have increased while that of 10 commercial banks have declined. The average deposit growth rate of commercial banks is 5 percent. Similarly, credit flow of commercial banks has increased by 16 percent.
At present, the total deposits with commercial banks have reached Rs 43.33 Kharba and the total loans have reached Rs 41.72 Kharba. In Falgun alone, deposits of commercial banks increased by Rs 22 billion and credit flow expanded by Rs 17 billion.