Kathmandu. National level development banks in the current fiscal year 2082. In the first quarter of 2018, the company has earned a net profit of Rs 78.5 crore.
According to the financial details of eight national level development banks, a total of Rs 78.34 crore has been earned in the first quarter of the current FY. Previous fiscal year 2081. In the first quarter of 2018, the bank earned a net profit of Rs 1.42 billion. In the review period, the profit of the banks decreased by 45.20 percent compared to the previous year.
Compared to the previous year, the profit of 4 development banks has increased while the profit of 3 has decreased. One bank has incurred losses. Garima Bikas Bank is the highest earner in terms of profit while Shangrila Development Bank is ahead in terms of growth rate.
Garima Bikas Bank has earned a net profit of Rs 25.05 crore in the current FY. This is 11 percent more than the previous year. The company had posted a net profit of Rs 22.57 crore in the same period last year.
Similarly, Muktinath is the second bank to make the most profit. Muktinath made a net profit of Rs 22.47 crore in the review period. Muktinath had posted a net profit of Rs 28.18 crore in the same period last year. In the review period, the bank’s profit decreased by 20.24 percent compared to the previous year.
Shine Resunga Development Bank is in the third position. During the review period, the bank earned a net profit of Rs. 20.30 crores. The bank had posted a net profit of Rs 23.93 crore in the same quarter last year. In the review period, the bank’s profit decreased by 15.17 percent compared to the previous year.
Similarly, Kamana Sewa Bikas Bank has earned a net profit of Rs 19.75 crore, Mahalaxmi Bikas Bank Rs 9.75 crore and Shangrila Development Bank Rs 8.82 crore in the same period of the current fiscal year. In the review period, the profit of Kamana Sewa increased by 12.92 percent, Mahalaxmi by 3.42 percent and Shangri-La by 46.58 percent.
In the review period, Jyoti Bikas Bank made a profit of Rs 70.3 million while Lumbini Bikas Bank posted a loss of Rs 34.85 crore. Compared to the previous year, Jyoti’s profit decreased by 53.48 percent.
