Nepal Rastra Bank has Published Economic Activity Study Report : Bank and Financial Status is Improvement

Jun Thu 2023 03:12:31

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Nepal Rastra Bank has Published Economic Activity Study Report :  Bank and Financial Status is Improvement

Kathmandu. Economic activity study report has been published. Nepal Rastra Bank has published a report on Tuesday after studying the half-yearly economic activity based on data from July to December of the current financial year 2079 and 80.

The production of major agricultural crops (food and other crops and vegetables and fruits and spices) has increased by 4.3 percent by the end of January of the current financial year. The land area covered by such crops has decreased by 2.1 percent.

The production of food and other crops has increased by only 5.7 percent. Similarly, the production of vegetables and horticulture has increased by four and a half percent. The production of fruits and spices has decreased by 5.2 percent and 8.4 percent respectively.

According to the report, under animal products, milk production has increased by 1.4 percent and meat production by 1.7 percent. Similarly, egg production has decreased by 26.3 percent during the half-yearly period. According to the report, wood production increased by 16.23 percent and the production of medicinal products increased by 7.4 percent under forest products.

By the end of January of the current financial year, the capacity utilization of the industry is 43.7 percent on average. In this period, the share of loans in the industrial sector in the total loans provided by banks and financial institutions is 27.9 percent.

According to the report, the number of real estate registrations decreased by 50.03 percent to 196,595 and the revenue from land registration reached Rs. 9.9 billion. The number of permanent map passes for houses and buildings has decreased by 37.5 percent.

Compared to the end of December 2078, the deposits of banks and financial institutions have increased by 9.1 percent and loan disbursement by 4.1 percent by the end of December 2079. The share of Bagmati province in the total deposits and loans of banks and financial institutions is 69.4 percent and 55.6 percent respectively. The share of Karnali province in deposits and loans is 1.2 percent and 1.2 percent respectively.