28Nov2022

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Tag: BFIs

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NDV0001 – Access to Finance in Nepal (As of mid-July 2019)

As per the first monthly Economic Bulletin of the Ministry of Finance, (Government of Nepal), the country has 171 banks and financial institutions (BFIs). So far, they have opened a total of 27,866,505 bank accounts. To better serve their beneficiaries, the BFIs have issued 6,708,521 and 123,146 debit and credit cards respectively. To further boost people’s access to finance, the existing BFIs have 8,686 branch offices and 3,316 ATM outlets spread across 735 out of country’s 753 local levels.

Nepal had 171 banks and financial institutions (BFIs). As of mid-July 2019, they have opened a total of 27,866,505 bank accounts. To better serve the beneficiaries, the BFIs have issued 6,708,521 and 123,146 debit and credit cards respectively. To further boost people’s access to finance, the existing BFIs have 8,686 branch offices and 3,316 ATM outlets spread across 735 out of country’s 753 local levels.