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Annual Bank Supervision Report 2015

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Annual Bank Supervision Report 2015 Bank Supervision Report 2015 Nepal Rastra Bank Bank Supervision Department Baluwatar, Kathmandu, Nepal April 2016 ©Nepal Rastra Bank All rights reserved. No part of this publication may be reproduced, stored in a retrieval system, or transmitted in any form or by any means- electronic, mechanical, photocopying, and recording without fully acknowledging the Annual Report of the Bank Supervision Department of the Nepal Rastra Bank (NRB) as source. The contents of this publication are intended for general information only and are not intended to serve as financial or other advice. The Bank Supervision Report, 2015 is the annual report of Bank Supervision Department of Nepal Rastra Bank. It reviews policy and operational issues affecting the banking sector and its regulators/supervisors and aims at disseminating information on supervision of commercial banks and other issues affecting the financial sector. This issue of the Annual Report of Bank Supervision Department focuses mainly on the 12-month period ending July 16, 2015. However, selected developments up to the time of report finalization are also incorporated. All enquiries on this publication should be directed to Policy, Planning and Forward Looking Unit and the Executive Director of the Bank Supervision Department, NRB. Nepal Rastra Bank, Bank Supervision Department Central Office, P.O. Box No.73 Baluwatar, Kathmandu, Nepal Telephone: 00-977-14417497 Facsimile: 00-977-14412306 E-mail: [email protected] Bank Supervision Report, 2015 i Message from the Executive Director Dear Valued Readers, Nepalese financial system saw a rapid growth after the liberalisation policies adopted by the nation since 1980. This growth was not only in the number of entities, but also in terms of the varieties of products and services and adoption of the newer technologies. This growth even crossed the national boundaries and integrated with the global financial system. Additionally, increasing flow of remittances from formal channels, cards and banking services with worldwide usability, representative offices across the national boundaries are few more indicators of growing banking industry. The rapid growth that we saw in last decade slowed down in recent five years and a gradual process of consolidation has started. Mergers and acquisitions are being encouraged by NRB to foster the consolidation process. In the recent years we have seen significant reduction in the numbers of institutions in the financial system. Safe, sound and self-regulated BFIs, transparent and consumer friendly banking transactions, adoption of international best prudential norms and best supervisory practices, mitigation of the systemic risks, and ultimately achieving the financial stability have always been the aim of NRB as regulator and supervisor. NRB's bank supervision function also aims in ensuring safe and sound banking industry in Nepal. This department has been continuously endeavouring to adopt best practices in the areas of bank supervision. It gives me immense pleasure to share with you, since last year we have started risk based supervision approaches. Our on-site inspection processes are gradually transforming to risk based approach. This methodology is expected to assess the inherent risks in the banks and the risk management practice of the banks enabling us to prepare risk profile of individual banks for the supervisory purpose. This risk profile will help us determine the supervisory regime and focus our resources on risky areas. This is a notable shift in supervisory approach. Furthermore, to diagnose the banking industry further, NRB has started special inspection process with the technical assistance of World Bank and DFID utilizing the expertise of KPMG, Portugal. This special inspection program provides a valuable feedback to customize the regulatory and supervisory landscape for the coming years. As our financial system is being integrated with the international financial market we felt a need of adopting the cross boarder supervision practices. In this ground, we are currently working on having Memorandum of Understanding (MoU) with other supervisory authorities abroad which will enable regulators and supervisors to share information and take appropriate decisions. Of course there are challenges in all financial markets. Corporate governance, self-regulations, skill-sets, risk management culture and professionalism in the industry still need to be enhanced. Multiple banking, monitoring of big borrowers, ever-greening, proper classification of risk-assets etc need to be further controlled. We are optimistic that the collective effort of market and regulators will bring these changes. Bank Supervision Report, 2015 ii I am very happy, to make this Annual Report, 2015 available to you. This will give you a complete picture of the performance of the banks, of the fiscal year 2014/15, as well as the initiatives that are being taken by NRB as a supervisor. I thank my friends of Policy Planning and Forward Looking Analysis Unit, for their good effort in bringing this report in this form. Finally, I would like to thank all of the staffs of Bank Supervision Department for their continuous effort in fulfilling their responsibilities effectively. Thank you, Narayan Prasad Paudel Executive Director Nepal Rastra Bank Bank Supervision Department Bank Supervision Report, 2015 iii Table of Contents CHAPTER ONE ..............................................................................................................................1 1. NEPALESE BANKING INDUSTRY .......................................................................1 1.1 Nepal Rastra Bank as a regulator and supervisor ..............................................1 1.2 The Commercial Banking .................................................................................2 1.3 Ownership and Control .....................................................................................3 1.4 Scope of Operations: Public vs. Private ............................................................4 1.5 Branch Network ................................................................................................4 1.6 Asset Share of Banks and Financial Institutions ...............................................6 1.7 Employment in the Banking Industry ...............................................................6 1.8 Review of the Banking Legislation ...................................................................6 1.9 Access to Banking Services and Financial Inclusion ........................................7 CHAPTER TWO .............................................................................................................................8 2 BANK SUPERVISION .............................................................................................8 2.1 Supervision Function.........................................................................................8 2.2 Bank Supervision Department (BSD) ...............................................................8 2.3 Supervision Methodology .................................................................................8 2.4 Organization of BSD .........................................................................................8 CHAPTER THREE .......................................................................................................................17 3 OPERATIONAL PERFORMANCE OF COMMERCIAL BANKS ......................17 3.1 Assets of the commercial banks ......................................................................17 3.2 Composition of Assets ....................................................................................17 3.3 Composition of Liabilities ...............................................................................18 3.4 Capital .............................................................................................................18 3.5 Deposit ............................................................................................................19 3.6 Loan and Advances .........................................................................................20 3.7 Non- Performing Loans (NPL) .......................................................................22 3.8 Non-Banking Assets (NBA)............................................................................23 3.9 Investment .......................................................................................................24 3.10 Earnings ...........................................................................................................24 3.11 Liquidity ..........................................................................................................26 3.12 Productive and Deprived Sector Lending .......................................................27 3.13 Electronic Banking ..........................................................................................27 Bank Supervision Report, 2015 iv 3.14 Actions and Penalties ......................................................................................28 CHAPTER FOUR ..........................................................................................................................29 4 CURRENT INITIATIVES IN SUPERVISION ......................................................29 4.1 International Initiatives ...................................................................................29 4.1.1 Initiatives by Basel Committee on Banking Supervision (BCBS) ..................29 4.1.2
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