Kathmandu, June 23: The Nepal Rastra Bank (NRB), the central bank of Nepal, has said that the net foreign assets (NFA) of financial corporations increased 6.6 percent from Rs.1447.06 billion in mid-July 2023 to Rs.1544.99 billion in mid-October 2023, which further increased 19.5 percent to Rs.1738.85 billion in mid-January 2024.
In a “Financial Corporations Survey and Other Financial Corporations Survey”, based on data of mid-October 2023 and mid-January 2024, the NRB informed that the domestic assets have also increased by 0.5 percent. The bank’s survey on domestic assets said, “Domestic claims of financial corporations increased 0.5 percent from Rs.6840.68 billion in mid-July 2023 to Rs.6874.43 billion in mid-October 2023, which further increased 1.5 percent to Rs.6943.09 billion in mid-January 2024.
Net claims of financial corporations to Government of Nepal decreased 4.6 percent from Rs.1024.95 billion in mid-July 2023 to Rs.977.54 billion in mid-October 2023, which further decreased 8.3 percent to Rs.940.34 billion in mid-January 2024.
Financial corporations’ claims on public non-financial corporations decreased 16.4 percent from Rs.36.76 billion in mid-July 2023 to Rs.30.75 billion in mid-October 2023, which increased 0.2 percent to Rs.36.83 billion in mid-January 2024.
Financial corporations’ claims on private sector increased 1.5 percent from Rs.5778.97 billion in mid-July 2023 to Rs.5866.15 billion in mid-October 2023, which further increased 3.2 percent to Rs.5965.92 billion in mid-January 2024.
Liquid Liabilities
Liquid liabilities of financial corporations increased 4.3 percent from Rs.5368.35 billion in mid-July 2023 to Rs.5598.91 billion in mid-October 2023, which further increased 7.1 percent to Rs.5749.36 billion in mid-January 2024.
Currency outside financial corporations increased 7.5 percent from Rs.512.51 billion in mid- July 2023 to Rs.551.08 billion in mid-October 2023, which increased 3.6 percent to Rs.530.99 billion in mid-January 2024.
Demand deposits at financial corporations increased 12.1 percent from Rs.411.03 billion in mid-July 2023 to Rs.361.12 billion in mid-October 2023, which decreased 7.0 percent to Rs.382.30 billion in mid-January 2024.
Other deposits at financial corporations increased 5.4 percent from Rs.4444.81 billion in mid- July 2023 to Rs.4686.71 billion in mid-October 2023, which increased 8.8 percent to Rs.4836.07 billion in mid-January 2024
Other Financial Corporations Survey (OFCS)
Foreign Assets
Net foreign assets (NFA) of other financial corporations remained at deficit of Rs.17.08 billion in mid-October 2023 and a deficit of Rs.1.31 billion in mid-January 2024 compared to a deficit
of Rs.10.50 billion in mid-July 2023.
Domestic Assets
Domestic claims of other financial corporations decreased 4.6 percent from Rs.1899.13 billion in mid-July 2023 to Rs.1811.85 billion in mid-October 2023, which decreased 0.6 percent to Rs. 1886.85 billion in mid-January 2024.
Net claims of other financial corporations to Government of Nepal decreased 22.1 percent from Rs.13.02 billion in mid-July 2023 to Rs.10.14 billion in mid-October 2023, which increased 3.2 ercent to Rs.13.43 billion in mid-January 2024.
Other financial corporations’ claims on public non-financial corporations decreased 23.4 percent from Rs.33.12 billion in mid-July 2023 to Rs.25.36 billion in mid-October 2023, and increased 0.1 percent to Rs.33.14 billion in mid-January 2024.
Other financial corporations’s claims on private sector decreased 5.0 percent from Rs.875.62 billion in mid-July 2023 to Rs.831.73 billion in mid-October 2023, which decreased 4.0 percent to Rs.840.37 billion in mid-January 2024.
Other financial corporations’s claims (including cash, demand & other deposits and other investment) on central bank and deposit taking banks and financial institutions decreased 3.4 percent from Rs.977.38 billion in mid-July 2023 to Rs.944.63 billion in mid-October 2023, which increased 2.3 percent to Rs.999.91 billion in mid-January 2024.
Non-liquid liabilities
Non-liquid liabilities of other financial corporations decreased 2.1 percent from Rs.1476.82 billion in mid-July 2023 to Rs.1445.23 billion in mid-October 2023, which increased 2.0 percent to Rs.1507 billion in mid-January 2024.
