Kathmandu. Current fiscal year 2082. As of the second month of ’83, the national level development banks have made a profit of about Rs 1.5 billion.
According to the Nepal Rastra Bank, eight national level development banks have earned a net profit of Rs 1.46 billion in the first six months of the current fiscal year. Previous fiscal year 2081. The bank had earned a net profit of Rs 1.62 billion in the year 2018. In the review period, the profit of the banks decreased by 9.94 percent compared to the previous year.
Muktinath Bikas Bank was the highest earner in terms of profit while Shangrila Development Bank was ahead in terms of growth rate. Compared to the previous year, the net profit of 3 banks increased while the profit of 5 banks decreased.
Muktinath Bikas Bank has earned a net profit of Rs 36.17 crore in the first quarter of the current FY. The bank had posted a net profit of Rs 32.58 crore in the previous year. The bank’s profit increased by 11 percent in the review period compared to the previous year.
Garima Bikas Bank is the second highest profiter. The bank has earned a net profit of Rs 27.46 crore in the review period. The bank had posted a net profit of Rs 28.89 crore in the same period last year. In the review period, the profit decreased by 4.96 percent compared to the previous year.
Similarly, Kamana Sewa Bikas Bank is the third highest profitable bank. The bank had posted a net profit of Rs 17.69 crore in the review period of the previous year, up 0.42 percent from Rs 17.77 crore in the review period.
Shine Resunga Development Bank earned a net profit of Rs 17.55 crore, Jyoti Bikas Bank Rs 17.02 crore and Shangri-La Development Bank Rs 16.39 crore in the first quarter of the current fiscal year. Compared to the previous year, Shine Resunga’s profit fell by 18.53 percent and Jyoti’s by 13.26 percent and Shangrila’s by 14.60 percent.
Similarly, Mahalaxmi Bikas Bank and Lumbini Bikas Bank have earned a net profit of Rs 10.74 crore and Rs 3.66 crore respectively. Compared to the previous year, the profit of Mahalaxmi Company decreased by 37.33 percent and Lumbini by 67.27 percent.
