Rs 1 billion provision for bad loan of four commercial banks

27 commercial banks have made additional provision of Rs. 18.70 billion in FY 2076/07. Of which, 4 commercial banks have made provision of Rs 1 billion more. Banks have made provision for non-interest bearing loans till mid-July.

 Investment Bank has provided Rs 1.88 billion, Global IME Bank Rs 1.74 billion, NAB Bank Rs 1.61 billion and NIC Asia Bank Rs 1.12 billion for non-interest bearing loans.

Mega Bank has provided Rs 888.5 million, Sanima Bank Rs 883.4 million, Sunrise Bank Rs 833.4 million and Nepal Bangladesh Bank Rs 796.40 million.

Similarly, Prime Bank has provided Rs 782.9 million, Siddhartha Bank Rs 727.8 million, Citizens Bank Rs 677.2 million, Machhapuchhre Bank Rs 604 million and Everest Bank Rs 548.4 million in non-interest bearing loans till mid-July.

During the same period, Nepal Bank has made provision of Rs. 545.10 million, Bank of Kathmandu Rs. 537.6 million, Century Bank Rs. 534.5 million, Civil Bank Rs. 442 million and Standard Chartered Bank Rs. 439 million.

 Kumari Bank has provided Rs 422.2 million, Laxmi Bank Rs 345.5 million, Krishi Vikas Bank Rs 344.6 million and Nepal Credit and Karmash 9NCC Bank Rs 328.2 million.

Similarly, Himalayan Bank has provided Rs 303.1 million, Nepal SBI Bank Rs 272.3 million, Prabhu Bank Rs 25.29 million and Rastriya Banijya Bank Rs 85.1 million.