Kathmandu. The national level development banks have earned a profit of Rs 1.67 billion in the current fiscal year 2083. In the first quarter of 2018-84, it has earned more than Rs 1.67 billion.
Eight national level development banks have earned a total profit of Rs 1.67 billion till September of the current financial year. In the previous financial year, 2082. During the same period of 83 years, these banks had earned a profit of Rs 78.34 crore. The profit of the banks increased by 113.23 percent in the review period compared to the previous year.
Lumbini Bikas Bank has been the highest earner in terms of profit in the review period compared to the previous year, while Jyoti Bikas Bank is ahead in terms of growth rate.
Lumbini Bikas Bank has earned a profit of Rs 32.71 crore till September of the current year. In the same period last year, Lumbini had suffered a loss of Rs 34.85 crore.
Similarly, Muktinath is the second development bank to make the highest profit. Muktinath has earned a profit of Rs 32.24 crore during the review period. The bank had earned a profit of Rs 22.47 crore in the same period last year. The bank’s profit has increased by 43.44 percent in the review period compared to the previous year.
Garima Development Bank is in the third position. The bank has earned a profit of Rs 24.01 crore during the review period. In the same period last year, the bank had earned a profit of Rs 25.05 crore. The bank’s profit declined by 4.17 percent in the review period compared to the previous year.
Similarly, Kamana Sewa Bikas Bank earned a profit of Rs 23.11 crore, Jyoti Bikas Bank Rs 20.1 crore, Shine Resunga Development Bank Rs 19.76 crore, Mahalaxmi Bikas Bank Rs 11.64 crore and Shangrila Development Bank Rs 3.34 crore. Compared to the previous year, Kamana Sewa’s profit increased by 16.99 percent and Jyoti’s by 184.59 percent, while Shine Resunga’s profit declined by 2.66 percent.
Similarly, Mahalaxmi Company’s profit increased by 21.48 percent while Shangri-La’s profit fell by 62.7 percent.
