5,428 branches of 75 banks and financial institutions in operation as of Kartik end; 68.19 lakh debit card users

Tue, Dec 17, 2019 3:31 PM on Economy, Latest,

Nepal Rastra Bank (NRB) has published the monthly statistics for the month of Kartik, 2076.

According to the data, the number of banks and financial institutions (BFIs) has reached 75 in total, of which 28 are commercial banks, 25 are development banks and 22 are finance companies. However, the recent merger of Global IME Bank and Janata Bank has reduced the number of commercial banks to 27.

Similarly, the total number of branches has reached 5,428 with 2.92 crore deposit accounts and 14.56 lakh loan accounts, which signifies greater penetration of the financial market.

Likewise, the statistics of other financial services are listed below:

S.N. Particulars Class "A" Class "B" Class "C" Overall
1 No. of institutions                      28                    25                 22                      75
2 No. of Branches                 3,935               1,273               220                 5,428
3 No. of Deposit Accounts        24,265,208        4,426,926        577,497        29,269,631
4 No.of Loan Accounts          1,081,971           330,361          44,078          1,456,410
5 No. of Branchless Banking Centers                 1,559  -   -                  1,559
6 No. of Branchless Banking Customers             180,205  -   -              180,205
7 No. of Mobile Banking Customers          8,091,167           938,328          70,237          9,099,732
8 No. of Internet Banking Customers             896,597             26,833            5,279             928,709
9 No. of ATMs                 3,157                  313                 50                 3,520
10 No. of Debit Cards          6,553,804           230,607          35,191          6,819,602
11 No. of Credit Cards             137,656  -   -              137,656
12 No. of Prepaid Cards               63,200  -   -                63,200