Kathmandu, Nov. 16
Governor of Nepal Rastra Bank (NRB), Maha Prasad Adhikari,
said on Wednesday that the economy has begun to take positive course due to the
strict policy adopted by the government and central bank.
Addressing a programme organised on the occasion of the 86th
Anniversary of the Nepal Bank Limited (NBL) on the bank premises, he said that
the positive results were achieved because of the strict actions taken and
measures adopted by the NRB since February 2022.
According to him, the economy now is in a satisfactory state
following a prolonged pressure on the external sector and foreign currency
reserves. According to the macroeconomic and financial report published by the
NRB on Wednesday, the country's balance of payment and foreign currency
reserves have improved in the first quarter of the current fiscal year 2022/23.
The governor also stated that many policies, including
import ban, had to be adopted to bring the economy to its current state, and
maintained that the central bank was focused on stabilizing the economy with
utmost seriousness. However, Adhikari said that the liquidity crunch had still
made it difficult to obtain loan from the banks and financial institutions.
Meanwhile, he appreciated the role of NBL in creating and
nurturing entrepreneurs. "It has created many billionaires. This is a
matter of pride," he said.
Chief Executive Officer of the bank, Krishna Bahadur
Adhikari, said that the bank had achieved multiple successes with a young cohort
of employees.
"All financial indicators of the bank are healthy and
balanced. By the end of the last fiscal year, the bank managed to collect Rs.
196 billion in deposits and mobilised loans of Rs. 178 billion," he said.
The bank's paid-up capital is Rs. 14.4 billion. It had started its services 86
years ago with just Rs. 842,000.
The bank's reserve fund is Rs. 21.68 billion and net worth
is more than Rs. 35 billion. The bank also appears strong in indicators such as
abundant real estate, deposits, low base rate, spread rate management, balanced
fluctuation of interest rate and bad loan management.
The bank is currently doing business through 226 branches,
199 ATMs and 50 extension counters.
Published in The Rising Nepal daily on 17 November 2022.
No comments:
Post a Comment