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August 23: Banks and Financial Institutions (BFIs) earned Rs 5.23 billion from the foreign exchange transactions in the last FY which is 22.59 percent more than the previous FY. In the previous FY, BFIs earned Rs 4.47 billion from foreign exchange transaction. The figure is derived based on the annual financial statements published by 29 BFIs. Foreign exchange transactions of the BFIs have increased by 35.15 percent during the final quarter of the last FY.
After the last year’s devastating earthquake, the nation received significant amount of foreign exchange as an aid from various countries, donor agencies, charitable organisations and Nepalis resided in foreign countries. Apart of these, the increase in migrating labour force from Nepal has also contributed significantly in the increase of foreign exchange transaction in the form of remittance. According to bankers, these facts have attributed in the growth of foreign exchange transaction along with the income from it. Similarly, the exchange rate of Nepali currency against a US Dollar in the last year fell to the lowest level to Rs 112 which also increased the foreign exchange earnings of BFIs.
During the last FY, Standard Chartered Bank earned the maximum amount of Rs 621.6 million from foreign exchange transaction. It is 1.25 percent growth than the previous FY which was Rs 613.9 million. Similarly, Himalayan Bank earned Rs 603 million income from the foreign exchange from earlier Rs 474.3 million. Meanwhile, Nepal Bank increased the foreign exchange income by 330 percent which is the highest among the commercial banks. Likewise, 21 BFIs have earned Rs 100 million above income through the foreign exchange transaction whereas 8 BFIs have earned under Rs 100 million.
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View::_evaluate() - CORE/Cake/View/View.php, line 971
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'summary' => 'August 23: Banks and Financial Institutions (BFIs) earned Rs 5.23 billion from the foreign exchange transactions in the last FY which is 22.59 perc',
'content' => '<p style="text-align: justify;">August 23: Banks and Financial Institutions (BFIs) earned Rs 5.23 billion from the foreign exchange transactions in the last FY which is 22.59 percent more than the previous FY. In the previous FY, BFIs earned Rs 4.47 billion from foreign exchange transaction. The figure is derived based on the annual financial statements published by 29 BFIs. Foreign exchange transactions of the BFIs have increased by 35.15 percent during the final quarter of the last FY.</p>
<p style="text-align: justify;">After the last year’s devastating earthquake, the nation received significant amount of foreign exchange as an aid from various countries, donor agencies, charitable organisations and Nepalis resided in foreign countries. Apart of these, the increase in migrating labour force from Nepal has also contributed significantly in the increase of foreign exchange transaction in the form of remittance. According to bankers, these facts have attributed in the growth of foreign exchange transaction along with the income from it. Similarly, the exchange rate of Nepali currency against a US Dollar in the last year fell to the lowest level to Rs 112 which also increased the foreign exchange earnings of BFIs.</p>
<p style="text-align: justify;">During the last FY, Standard Chartered Bank earned the maximum amount of Rs 621.6 million from foreign exchange transaction. It is 1.25 percent growth than the previous FY which was Rs 613.9 million. Similarly, Himalayan Bank earned Rs 603 million income from the foreign exchange from earlier Rs 474.3 million. Meanwhile, Nepal Bank increased the foreign exchange income by 330 percent which is the highest among the commercial banks. Likewise, 21 BFIs have earned Rs 100 million above income through the foreign exchange transaction whereas 8 BFIs have earned under Rs 100 million. </p>
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'summary' => 'August 23: Banks and Financial Institutions (BFIs) earned Rs 5.23 billion from the foreign exchange transactions in the last FY which is 22.59 perc',
'content' => '<p style="text-align: justify;">August 23: Banks and Financial Institutions (BFIs) earned Rs 5.23 billion from the foreign exchange transactions in the last FY which is 22.59 percent more than the previous FY. In the previous FY, BFIs earned Rs 4.47 billion from foreign exchange transaction. The figure is derived based on the annual financial statements published by 29 BFIs. Foreign exchange transactions of the BFIs have increased by 35.15 percent during the final quarter of the last FY.</p>
<p style="text-align: justify;">After the last year’s devastating earthquake, the nation received significant amount of foreign exchange as an aid from various countries, donor agencies, charitable organisations and Nepalis resided in foreign countries. Apart of these, the increase in migrating labour force from Nepal has also contributed significantly in the increase of foreign exchange transaction in the form of remittance. According to bankers, these facts have attributed in the growth of foreign exchange transaction along with the income from it. Similarly, the exchange rate of Nepali currency against a US Dollar in the last year fell to the lowest level to Rs 112 which also increased the foreign exchange earnings of BFIs.</p>
<p style="text-align: justify;">During the last FY, Standard Chartered Bank earned the maximum amount of Rs 621.6 million from foreign exchange transaction. It is 1.25 percent growth than the previous FY which was Rs 613.9 million. Similarly, Himalayan Bank earned Rs 603 million income from the foreign exchange from earlier Rs 474.3 million. Meanwhile, Nepal Bank increased the foreign exchange income by 330 percent which is the highest among the commercial banks. Likewise, 21 BFIs have earned Rs 100 million above income through the foreign exchange transaction whereas 8 BFIs have earned under Rs 100 million. </p>
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include - APP/View/Articles/view.ctp, line 391
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Warning (2): simplexml_load_file() [<a href='http://php.net/function.simplexml-load-file'>function.simplexml-load-file</a>]: I/O warning : failed to load external entity "" [APP/View/Elements/side_bar.ctp, line 133]
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'summary' => 'August 23: Banks and Financial Institutions (BFIs) earned Rs 5.23 billion from the foreign exchange transactions in the last FY which is 22.59 perc',
'content' => '<p style="text-align: justify;">August 23: Banks and Financial Institutions (BFIs) earned Rs 5.23 billion from the foreign exchange transactions in the last FY which is 22.59 percent more than the previous FY. In the previous FY, BFIs earned Rs 4.47 billion from foreign exchange transaction. The figure is derived based on the annual financial statements published by 29 BFIs. Foreign exchange transactions of the BFIs have increased by 35.15 percent during the final quarter of the last FY.</p>
<p style="text-align: justify;">After the last year’s devastating earthquake, the nation received significant amount of foreign exchange as an aid from various countries, donor agencies, charitable organisations and Nepalis resided in foreign countries. Apart of these, the increase in migrating labour force from Nepal has also contributed significantly in the increase of foreign exchange transaction in the form of remittance. According to bankers, these facts have attributed in the growth of foreign exchange transaction along with the income from it. Similarly, the exchange rate of Nepali currency against a US Dollar in the last year fell to the lowest level to Rs 112 which also increased the foreign exchange earnings of BFIs.</p>
<p style="text-align: justify;">During the last FY, Standard Chartered Bank earned the maximum amount of Rs 621.6 million from foreign exchange transaction. It is 1.25 percent growth than the previous FY which was Rs 613.9 million. Similarly, Himalayan Bank earned Rs 603 million income from the foreign exchange from earlier Rs 474.3 million. Meanwhile, Nepal Bank increased the foreign exchange income by 330 percent which is the highest among the commercial banks. Likewise, 21 BFIs have earned Rs 100 million above income through the foreign exchange transaction whereas 8 BFIs have earned under Rs 100 million. </p>
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'content' => '<p style="text-align: justify;">August 23: Banks and Financial Institutions (BFIs) earned Rs 5.23 billion from the foreign exchange transactions in the last FY which is 22.59 percent more than the previous FY. In the previous FY, BFIs earned Rs 4.47 billion from foreign exchange transaction. The figure is derived based on the annual financial statements published by 29 BFIs. Foreign exchange transactions of the BFIs have increased by 35.15 percent during the final quarter of the last FY.</p>
<p style="text-align: justify;">After the last year’s devastating earthquake, the nation received significant amount of foreign exchange as an aid from various countries, donor agencies, charitable organisations and Nepalis resided in foreign countries. Apart of these, the increase in migrating labour force from Nepal has also contributed significantly in the increase of foreign exchange transaction in the form of remittance. According to bankers, these facts have attributed in the growth of foreign exchange transaction along with the income from it. Similarly, the exchange rate of Nepali currency against a US Dollar in the last year fell to the lowest level to Rs 112 which also increased the foreign exchange earnings of BFIs.</p>
<p style="text-align: justify;">During the last FY, Standard Chartered Bank earned the maximum amount of Rs 621.6 million from foreign exchange transaction. It is 1.25 percent growth than the previous FY which was Rs 613.9 million. Similarly, Himalayan Bank earned Rs 603 million income from the foreign exchange from earlier Rs 474.3 million. Meanwhile, Nepal Bank increased the foreign exchange income by 330 percent which is the highest among the commercial banks. Likewise, 21 BFIs have earned Rs 100 million above income through the foreign exchange transaction whereas 8 BFIs have earned under Rs 100 million. </p>
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View::_renderElement() - CORE/Cake/View/View.php, line 1224
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include - APP/View/Articles/view.ctp, line 391
View::_evaluate() - CORE/Cake/View/View.php, line 971
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