Paid-up capital of BFIs exceeds Rs 436 billion

KATHMANDU, JUNE 18: The total paid-up capital of the Banks and Financial Institutes (BFIs) in the country has reached over Rs 436 billion. As of the first 10 months of the current fiscal year, it was recorded at Rs 436 billion 407 million, according to the Nepal Rastra Bank. This amount, which is Rs 11 billion 776 million more compared to the same period last fiscal year, collectively belongs to 54 BFIs.

From mid-July to mid-May of 2023/24, the paid-up capital of 20 commercial banks stood at Rs 379 billion 200 million. This figure is Rs 9 billion 163 million higher compared to the same period last year. The paid-up capital of 17 development banks during the review period also increased by Rs 2 billion 388 million 500 thousand to Rs 42 billion 171 million.

Similarly, until mid-May this fiscal year, the paid-up capital of 17 finance companies amounted to Rs 15 billion 216 million. Compared to the same period a year ago, this increased Rs 229 million.

With an increase in the volume of paid-up capital of these BFIs, the size of credit and deposits has also grown during the review period. The total deposits of the BFIs were recorded at Rs 6 trillion 242 billion, while they floated a total credit of Rs 5 trillion 133 billion. In the first 10 months of the current fiscal year, the deposits collected by the commercial banks totaled Rs 5 trillion 525 billion, while the loans disbursed by them stood at Rs 4 trillion 542 billion. During the corresponding period last year, their deposits had been to the tune of Rs 4 trillion 842 billion, while the credit floated by them had amounted to Rs 4 trillion 320 billion.

From mid-July to mid-May this fiscal year, the deposits of the development banks totalled Rs 593 billion, while the amount of credit floated by them stood at Rs 496 billion. During the same period last year, their deposits and credit had been calculated at Rs 544 billion and Rs 442 billion, respectively.

In the last ten months of 2023/24, the deposits collected by the finance companies amounted to Rs 124 billion 300 million, while their credit was worth Rs 98 billion 750 million. From mid-July to mid-May of 2022/23, their deposits had been calculated at Rs 107 billion 840 million, while the credit had totalled Rs 92 billion 700 million.