Kathmandu. fiscal year 2080. Among the public institutions operating in the fiscal year 2018/19, the income of financial sector institutions has increased. Deputy Prime Minister and Finance Minister Bishnu Prasad Poudel has said that rastriya banijya bank has the highest number of them.
According to the Annual Status Review 2082 of public sector enterprises presented in the House of Representatives on Thursday, the total operating income of 10 institutions in the financial sector has increased by 3.27 percent to Rs 90.66 billion in the current fiscal year compared to the previous fiscal year. In the same period of the previous fiscal year, such income was Rs 87.79 billion. Out of this, Rastriya Banijya Bank Limited has the highest operating income of Rs 29.74 billion.
Finance Minister Poudel said that the performance of public institutions, especially in some sectors including financial services, is expected and satisfactory. “The performance of public sector enterprises, especially in the financial, services, business and public utility sectors, has been relatively satisfactory. ’
Similarly, fiscal year 2079. The net profit of the financial sector company declined by 21.80 percent to Rs 15.16 billion in the last fiscal year from Rs 19.39 billion in 1980.
According to the survey, the overall net profit of the sector has decreased due to the decrease in the net profit of National Insurance Company, Rastriya Banijya Bank, Citizen Investment Fund and Nepal Bank.
fiscal year 2019. The total consolidated profit of the sector was Rs 12.47 billion in the fiscal year 2080/ 2019/20. According to the survey, there has been a decline of 12.75 percent to Rs 10.88 billion in 81. According to the survey, the overall accumulated profit of the sector has decreased due to the decrease in the accumulated profits of Rastriya Banijya Bank, Deposit and Credit Protection Fund, Nepal Bank and Hydroelectricity Investment and Development.
fiscal year 2080. The total administrative expenditure of financial sector institutions increased by 3.74 percent to Rs 16.13 billion in 2018-19. fiscal year 2019. The total administrative expenditure of these areas was Rs 15.55 billion.
The number of employees working in public institutions in the financial sector is fiscal year 2080. It has increased by 14.96 percent in 81. According to the Economic Survey, the number of employees working in the public sector institutions in the financial sector has reached 10,829 during this period.
During this period, the contribution per employee to the operating income decreased by 9.52 percent to Rs 8.372 million. According to the data presented, employee productivity has declined and the average debt capital ratio of the sector is 0.25.
fiscal year 2080. According to the records of the Public Debt Management Office, the outstanding loan amount of the public institutions of the financial sector has increased by 224 percent to Rs 288.9 million compared to the previous year. At the end of the review period, the total share investment of the Government of Nepal in the sector also increased by 3.04 percent to Rs 59.51 billion. According to the report, the sector has shown a high increase in government debt liabilities and a modest increase in share investment.
In the last fiscal year, the government received Rs 859.8 million as dividend from the Rastriya Banijya Bank, according to the report. Similarly, the Government of Nepal received a dividend of Rs 1.90 billion including Rs 656.5 million from Hydroelectricity Investment and Development Company, Rs 375.4 million from Nepal Stock Exchange and Rs 13.8 million from Citizen Investment Fund.
