Kathmandu. The non-performing loans of commercial banks have been increasing on average. The non-performing loans of commercial banks have increased till mid-April of the current fiscal year.

In the third quarter of the last fiscal year, the average loan of the banks was 4.82 percent. In the same period of the current FY, the non-performing loan of banks increased by 0.42 percentage points to 5.24 percent.

Out of the 20 commercial banks in operation, the non-performing loans of 10 banks have increased while the non-performing loans of the remaining 10 banks have decreased.

The banks that reduced non-performing loans till mid-April were Kumari Bank, Laxmi Sunrise, Global IME Bank, Nepal Bank, Rastriya Banijya Bank, Nabil Bank, Machhapuchchhre Bank, Nepal SBI Bank and Everest Bank.

The non-performing loans of the remaining banks have increased. As of mid-April, NIC Asia Bank has the highest non-performing loan. The non-performing loan of the bank increased by 3.1 percentage points to 8.85 percent.

Prabhu Bank rose by 3.75 percentage points to 8.84 percent, Nepal Investment Bank by 2.35 percent to 8.41 percent, Citizens Bank by 1.11 percent to 6.82 percent, Prime Bank by 0.74 percent to 6.39 percent, Agricultural Development Bank by 0.08 percent to 5.07 percent, NMB Bank by 0.48 percent to 4.95 percent, Sanima Bank by 0.57 percent to 3.99 percent. Standard Chartered Bank rose 0.37 percent to 1.81 percent.

Laxmi Sunrise Bank decreased by 0.57 percent to 5.29 percent, Global IME Bank decreased by 0.01 percentage points to 4.97 percent, Nepal Bank decreased by 0.94 percent to 4.96%, Rastriya Banijya Bank decreased by 0.21 percent to 4.48 percent, Nabil Bank decreased by 0.59 percent and Machhapuchchhre Bank decreased by 0.58 percent to 4.01 percent. Similarly, Siddhartha Bank fell by 0.33 percentage points to 3.71 percent, Nepal SBI Bank decreased by 1.53 percentage points to 2.53 percent and Everest Bank decreased by 0.03 percent to 0.61 percent. Everest Bank has the lowest non-performing loan.