Kathmandu. Non-banking assets of commercial banks have increased. According to the data released by Nepal Rastra Bank (NRB), 19 commercial banks (excluding standard chartered) have accumulated non-banking assets worth Rs 46.10 billion in the third quarter of the current fiscal year 2082/83.
In the same period of the previous FY, the bank had non-banking assets worth Rs 36.41 billion. Non-banking assets were added by 20.04 percent in the review period compared to the previous year.
Compared to the previous year, the non-banking assets of seven commercial banks decreased while 12 increased in the review period. Among the commercial banks, Prime Commercial Bank and NMB Bank have increased the most non-banking assets. Similarly, Global IME Bank, NIC Asia Bank, Nabil Bank, Kumari Bank, Machhapuchchhre Bank, Everest Bank and Rastriya Banijya Bank saw a decrease in non-banking assets.
Himalayan Bank Limited (HBL) has the highest number of non-banking assets as of mid-April of the current fiscal year. The bank has accumulated non-banking assets worth Rs 6.08 billion. In the same period of the previous year, the bank had non-banking assets worth Rs 5.14 billion. Such assets have increased by 18.23 percent compared to the previous year.
Global IME Bank and Prime Commercial Bank are the second largest non-banking assets. Global IME has non-banking assets worth Rs 5.92 billion and Prime Rs 4.99 billion as of the review period. Compared to the previous year, such assets increased by 1.27 percent and 109.35 percent respectively.
Nepal Bank has the lowest number of non-banking assets. As of the review period, the bank has non-banking assets worth Rs 23.36 crore. Non-banking assets (NPAs) of Nepal Bank increased by 14.47 percent compared to the previous year.
