Access to finance in Nepal is on the rise

Access to Finance in Nepal is on the Rise

Access to Finance in Nepal is on the Rise. Increasing number of banking and financial institutions has resulted in greater access to finance. As of mid-April 2019, 174 licensed institutions have 8,205 branches, providing services to 3,559 population per branch on an average. Whereas, as of mid-April 2018, 151 licensed institutions were providing services through 5,948 branches to 4,845 population per branch on an average.

The government announced to have a commercial bank’s branch in each of the 753 local levels in the budget speech of FY 2017/18. To our delight, at least a commercial bank’s branch has already been established in 724 local levels.

Presence of Commercial Bank in local levels

Presence of Commercial Bank in local levels

Banks and Financial Institutions and their branches

Banks and Financial Institutions and their branches

Source: NRB Newsletter, March-April 2019

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Access to Finance in Nepal is on the Rise

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