Out of 27 commercial banks, 23 commercial banks have increased their deposit collection by 0.89 percent to 17.41 percent as compared to mid-July. During the same period, 22 commercial banks increased their credit flow from 0.04 percent to 17.19 percent.
According to the data available from the association, NIC Asia Bank has been at the forefront of business expansion during the period. The bank has invested Rs 29.86 billion in the first quarter alone.
As of mid-July, the bank had invested Rs 173.74 billion in loans. In which B.C. It has increased by 19 percent to Rs. 203.60 billion by mid-October.
Similarly, Prabhu Bank is the second most aggressive in credit expansion. The bank has invested Rs 15.46 billion in the first quarter alone. As of mid-July, the bank had invested Rs 103.10 billion in loans. Of which, the bank has increased by 15 percent to Rs. 118.56 billion by mid-October.
NMB Bank is the third largest lender in the first quarter of the current fiscal year. The bank has invested Rs 12.16 billion in the first quarter alone. As of mid-July, the bank had invested Rs 121.77 billion in loans. Of which, the bank has increased by 9.99 percent to Rs. 133.93 billion by mid-October.
During the same period, the highest increase of 17 percent in deposit collection was Rs. 10.47 billion. The bank has collected Rs 17.41 billion in deposits in the first quarter. Meanwhile, the bank has increased its credit flow by 9.57 percent.
The bank, which had invested Rs 53.83 billion as of mid-July last year, has increased its loan portfolio by Rs 5.15 billion to Rs 58.98 billion in just three months.
In the first quarter of the current fiscal year, Century Bank has increased its deposit mobilization by 17.14 percent and credit investment by 9.52 percent since mid-July last year. The bank has collected Rs 12.06 billion in deposits and invested Rs 5.82 billion in loans in the last three months.