Kathmandu. Nepal Bank Limited has been at the forefront in increasing deposit mobilization and credit expansion. According to Arjun Bahadur Kandel, Head of Marketing and Research Division, Nepal Bank is in the first place among the 27 commercial banks of Nepal in terms of increase in deposit collection till last June. According to Kandel, Nepal Bank is also in the first place in terms of credit expansion.
As of last June, Nepal Bank’s deposits have increased by 25.85 percent and credit expansion has increased by 32.05 percent, according to a statement issued by Kandel.
According to Kandel, out of 27 commercial banks, deposits of 21 commercial banks have increased while deposits of 6 commercial banks have declined. The average deposit growth rate of commercial banks stood at 7.37 percent. Similarly, credit expansion of all 27 commercial banks has increased. On an average, credit expansion of commercial banks increased by 17.49 percent.
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