Kathmandu. National level development banks in the current fiscal year 2082. In the third quarter (July-March) of 2018, the company has earned a profit of more than Rs 5.5 billion.
According to the financial details released today, the development banks of the national level have earned a net profit of Rs 5.50 billion till mid-April of the current fiscal year. Previous fiscal year 2081. In the same period of 2018, the bank had earned a profit of Rs 3.69 billion. In the review period, the profit of the banks increased by 49.04 percent compared to the previous year.
Compared to the previous year, Garima Bikas Bank was the highest earner in the review period, while Lumbini Bikas Bank was ahead in terms of growth rate.
Garima Bikas Bank has earned a net profit of Rs 1.04 billion in the current fiscal year. It was 42.91 percent more than the previous year. The company had posted a net profit of Rs 73.34 crore in the same period last year.
Similarly, Muktinath is the second development bank to make the most profit. Muktinath has earned a net profit of Rs 94.26 crore in the review period. The bank had posted a net profit of Rs 72.48 crore in the same period last year. The profit of the bank increased by 30.04.19 percent in the review period 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. 78.84 crores. The bank had posted a net profit of Rs 51.40 crore in the same period last year. The bank’s profit increased by 53.38 percent in the review period compared to the previous year.
Similarly, Jyoti Bikas Bank earned Rs 62.94 crore, Kamana Sewa Bikas Bank Rs 58.86 crore, Lumbini Bikas Bank Rs 56.16 crore, Shangrila Development Bank Rs 48.45 crore and Mahalaxmi Bikas Bank Rs 45.99 crore. Compared to the previous year, Jyoti’s profit increased by 105.30 percent, Kamana Sewa by 19.37 percent, Lumbini by 1028.26 percent, Shangrila by 11.59 percent and Mahalaxmi by 5.36 percent.
