Banking Khabar / In a major move aimed at strengthening Nepal’s banking sector, the government has announced plans to establish a National Asset Management Company by the end of mid-January 2027 (mid-Poush 2083) to address the growing burden of non-performing loans (NPLs) and non-banking assets.
Unveiling the initiative through the national budget, Finance Minister Dr. Swarnim Wagle said the proposed company would be equipped with special legal authority to effectively manage and resolve distressed assets accumulated within the banking system.
“We will establish a National Asset Management Company with special legal powers by the end of Poush to ensure the effective management of rising bad loans and non-banking assets in the banking sector,” the Finance Minister stated.
The move is expected to help banks clean up their balance sheets, improve financial stability, and facilitate the recovery and restructuring of troubled assets, thereby supporting the overall health of the country’s financial system.
