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News item 07-08-2010 |
Of the total loans floated
by the country’s commercial
banks, Rs 631.2 million has
been directed to the public
sector while the private
sector availed more than Rs
500 billion in loans.
Private sector's credit grew
by Rs 69.5 billion, up 17.2
per cent, compared to a
27-per cent growth the
previous year.
Loans and advances of
commercial banks have
increased by Rs 73.2 billion
amounting to Rs 591.8
billion, till the mid-June,
which is 14.1 increase,
compared to the growth of 26
per cent recorded till the
mid-July 2009.
Of the private sector
credit, credit to the
production sector increased
to Rs 10.7 billion as sugar,
cement, and iron and steel
industries witnessed a
significant credit
expansion.
Despite government
prioritising the agriculture
sector, loans given to this
sector is far less than
other sectors.. .........
Read more about loans of
commercial banks in Nepal
Other banking news and
articles:
Nabil bank receives Best
Presented Award
(24-07-2010)
Sunrise Bank trades
largest number of shares
(30-06-2010)
New Plans Of Tourism
Development Bank
(14-03-2010)
Sunrise Bank Ltd
announces it will issue
new shares (09-03-2010)
Siddhartha Bank opens
new branch (29-01-2010)
NMB Bank rejects near to
5000 applications for
shares of the Sunrise
Bank (10-07-2009)
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