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Commercial banks’ investment in hire purchase loans increased by 11.26 percent.

. As of mid-April of the current fiscal year, 20 commercial banks have invested Rs 125.78 billion for hire-purchase loans. Such loans have increased by 11.2656 percent in a year.

Banks had invested Rs 113.04 billion in such loans till mid-April of the last fiscal year. Everest Bank has been successful in increasing the highest number of hire purchase loan investment as compared to the end of April last year.

The bank has increased its loan investment from Rs 4.95 billion to Rs 10.54 billion.TAG_OPEN_div_35  The bank has increased its car loan by 112.59 percent in a year.

Similarly, the investment of Agriculture Development Bank increased by 50.66 percent, Himalayan Bank by 42.24 percent, Nepal SBI Bank by 40.91 percent and Rastriya Banijya Bank by 21.79 percent.TAG_OPEN_div_33

Likewise, Nabil Bank surged 12.14 percent, Investment Mega Bank 16.06 percent, Machhapuchchhre Bank 13.18 percent, Citizens Bank International 6.68 percent, Prabhu Bank 9.59 percent, NMB Bank 2.98 percent, Siddhartha Bank 4.50 percent and Laxmi Sunrise Bank 1.83 percent.TAG_OPEN_div_31

Some banks have reduced their investment in hire purchase loans in the month of April compared to the previous year. Standard Chartered Bank’s investment decreased by 42.38 percent to Rs 983.5 million in a year.

NIC Asia Bank fell by 38.94 percent, Kumari Bank by 37.16 percent, Nepal Bank by 19.57 percent, Prabhu Bank by 7.15 percent, Global IME Bank by 1.23 percent and Sanima Bank by 0.83 percent.TAG_OPEN_div_27

In terms of amount, Global IME Bank has invested the highest amount of such loans till Baisakh 2083.TAG_OPEN_div_25 The bank has invested Rs 15.51 billion in such loans. Nabil Bank is the second largest bank after Global Bank. The bank has disbursed Rs 13.05 billion in loans till mid-April of the current FY.

Similarly, Rastriya Banijya Bank has invested Rs 11.10 billion, Everest Bank has Rs 10.54 billion and Himalayan Bank has Rs 9.14 billion.TAG_OPEN_div_23 g.

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