Satisfactory Growth of Nepalese Commercial Banks Despite Global Pandemic: Deposits and Loans Increased By Rs. 168.67 Arab and 119.85 Arab Respectively

Apekshya Dhungana, Banking Khabar. Commercial Banks (‘A’ Class Banks) of Nepal have achieved satisfactory growth in first quarter of Fiscal year 2077/78 i.e. up to Ashwin 2077 despite the adverse effect of Covid-19. Government of Nepal had imposed nationwide lockdown from Chaitra 11, 2076 to control the spread of coronavirus. Although nationwide lock down ended in Shrawan 6, 2077, many businesses and economic activities had not resumed properly up to several months due to several restrictions and fears of coronavirus. Despite of this situation, commercial banks have reported satisfactory growth in their financial highlights of first quarter of 2077/78.

Net Profit:

Net profit of commercial banks has decreased marginally by Rs. 1.19 arab in Ashwin 2077 in comparison to Ashwin 2076. Among these commercial banks, Global IME Bank Limited has earned highest net profit of Rs. 1.05 arab and lowest net profit of Rs. 9.67 crore is reported by Civil Bank Limited. The average net profit up to Ashwin 2077 is Rs. 54.09 crore. Among 27 commercial banks, profit of 19 commercial banks has decreased in Ashwin 2077 in comparison to Aswin 2076.

First quarter comparison of Fiscal year 2077/78 with Fiscal year 2076/77 is shown in below bar graph.

Total Deposits:

Total Deposits of commercial banks has increased by Rs. 168.57arab in Ashwin 2077 in comparison to Ashwin 2076. Among these commercial banks, Rastriya Banijya Bank Limited has reported highest deposits of Rs. 238.98arab. The average deposit up to Ashwin 2077 is Rs. 131.04arab. Among 27 commercial banks, deposit of only two commercial banks has decreased in Ashwin 2077 in comparison to Aswin 2076.

Following bar graph shows the total deposits of commercial banks in Aswin 2077 in comparison to Aswin 2076.

Total Loans and Advances:

Total Loans and Advances of commercial banks has increased by Rs. 119.85arab in Ashwin 2077 in comparison to Ashwin 2076. Among these commercial banks, Global IME Bank Limited has reported highest loans and advances of Rs. 195.73 arab. The averageloans and advances up to Ashwin 2077 is Rs. 107.42arab. Among 27 commercial banks, loans and advances of only six commercial banks has decreased in Ashwin 2077 in comparison to Aswin 2076.

Following bar graph shows the total loans and advances of commercial banks in Aswin 2077 in comparison to Aswin 2076.