KATHMANDU, May 29: The government has announced the establishment of a National Asset Management Company by mid-January (end of Poush) to address rising non-performing loans and non-banking assets in the financial sector.
Finance Minister Dr Swarnim Wagle made the announcement while presenting the national budget for FY 2026/27, stating that the initiative aims to strengthen banking sector stability through more effective asset recovery and management.
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According to the budget statement, the proposed company will be given special legal authority to manage bad loans and non-performing assets held by banks and financial institutions.
Officials said the move is expected to improve financial discipline and reduce pressure on the banking system caused by increasing bad debt levels.
