The loans provided to public as of June 2016 increased by Nu 15 B compared to June, last year. As per the Financial Sector Performance Review Report of the Central Bank, in June 2015, financial institutions gave Nu 71 B as loans and the number increased to Nu 86 B, this June.
The increase is attributed to strong demand in housing and trade or commerce sectors.
According to the central bank’s report, these two sectors have the highest loan with slightly over Nu 19 B followed by Tourism Sector with over 11 B.
Out of total loans provided, slightly over Nu 71 B was provided by the banks. And only Nu 15 B came from nonbanking financial institutions such as National Pension and Provident Fund and insurance companies.
