Rising bad loans pressure banks as NPLs hit 5.60%
▸ Part of: Machhapuchchhre Bank Limited to Close Eight Branches as Part of Restructuring
Non-performing loans (NPLs) in Nepal's banking sector have risen to 5.60 percent, according to data from Nepal Rastra Bank for the third quarter of the fiscal year 2082/83. NIC Asia Bank recorded the highest NPL ratio at 8.85 percent, while Nepal Investment Mega Bank has set aside the largest amount for loan loss provisions. Several other commercial banks also reported significant NPL ratios and provisions.
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