Sector-wise Credit Flow Nepal 2026
Nepal's banking sector disbursed Rs. 5,592,070 million in total outstanding credit by mid-March 2026 — up 5.72% from Rs. 5,462,530M at mid-July 2025. Here's where the money is flowing.
Sector Credit Breakdown
| Sector | Jul 2025 (Rs. M) | Mar 2026 (Rs. M) | Growth |
|---|---|---|---|
| Wholesale & Retail | 1,043,860 | 1,033,244 | +4.43% |
| Consumption Loans | 1,081,127 | 1,151,769 | +6.66% |
| Production/Manufacturing | 884,047 | 933,479 | +5.59% |
| Service Industries | 467,994 | 488,550 | +8.05% |
| Transport/Communication | 444,821 | 476,623 | +7.83% |
| Finance/Insurance/RE | 418,451 | 440,738 | +5.65% |
| Agriculture | 417,889 | 409,593 | -1.99% |
| Construction | 227,786 | 231,393 | +9.51% |
| Others | 330,363 | 329,428 | -0.18% |
| Total | 5,462,530 | 5,592,070 | +5.72% |
Key Takeaways
- Consumption loans dominate: Rs. 1,151,769M — the largest single category, growing 6.66%. Within this, gold/silver loans surged +19.09%
- Services sector growing fastest: +8.05% — led by hotels (Rs. 222,914M, +6.15%), health (Rs. 71,800M, +6.35%)
- Electricity credit booming: Rs. 436,060M within transport/comms — +10.45% reflecting hydropower investment
- Agriculture declining: -1.99% — concerning for Nepal's agrarian economy. Farming services fell -6.11%
- Construction resilient: +9.51% — highway/bridge construction credit surged +19.81%
Conclusion
Credit is flowing primarily into consumption, trade, and manufacturing. The decline in agriculture credit and strong growth in consumption loans reflects a structural shift toward services and consumer-driven economic activity.