Nepal Bankers’ Association (NBA) hosted a media interaction program at NBA Office. The program was part of regular press meet arranged by NBA where some information related to financial sector and banking industry was disseminated, which was followed by queries from media colleagues on various banking and financial sector related areas.
Mr. Sunil KC, NBA President warmly welcomed everyone and expressed his appreciation to the media colleagues for their continuous support. In light of the current domestic and global situation, he shared that country’s Macroeconomic Indicators are trending positively. While the interest rate in major economies in the western world are moving on upward trend, the rate in Nepal is on decreasing path, which is a positive sign for the borrowers. Furthermore, he emphasized that while the loanable funds may be adequately available at present, due to withdrawal of local level funds (as deposit from the banks) and the debenture/bond counting to be separated either as capital or deposit bye 2nd quarter, some banks are facing challenge to manage the liquidity position. To make the economy more vibrant and support the slackness observed in economy, the Government should raise public spending. Once the Government spends on infrastructure development and other large national level projects, it is likely to have a multiplier positive effect in the economy. With regards to the profitability of banks, the net profit of the commercial banks increased by about 6% only during 2079/80.
Mr. Krishna Bahadur Adhikari, NBA Executive Committee Member, said that the Nepalese Banking Industry is healthy and moving in the right direction. He asserted that due to well-organized regulations of Central Bank, Commercial banks are becoming more efficient and capable. He also emphasized that the Government should focus on increasing economic activities.
Mr. Anil Sharma, NBA Executive Director provided a comprehensive overview of the economic landscape, both at the national and international level. He highlighted some of the recent trends and developments, focusing particularly on the Nepalese banking industry. The presentation covered key aspects such as the National/International economic scenario, Nepalese banking industry’s performance in the last fiscal year and present situation of banking sector by presenting the most recent data available.
The program was actively participated by more than 35 journalists from different media.