8 National Level Development Banks Earn Rs. 555.65 Crores in FY 2080/81

August 5, 2024 | Investopaper

As of Ashad’s end 2081 BS., there are 8 national-level development banks operating in Nepal. All these banks have published the unaudited fourth quarterly report of the last fiscal year 2080/81. Based on these reports, we have presented the net profit of these development banks in the table below.

Muktinath Bikas Bank leads in terms of net profit with Rs 127.91 crores. Garima Bikas Bank is second to Muktinath in terms of net profit. It has posted a profit of Rs 113.61 crores in the 12 months period. On the other hand, Jyoti Bikas Bank has the lowest profit of Rs 24.65 crores.

The table below shows the profit reported by the eight national level development banks in the same period of the two fiscal years.

Net Profit Of National Level Development Banks In Nepal- FY 2080/81

Net Profit (Rs. ‘In Crores’)

Rank	Development Banks	F.Y. 2080/81 [Unaudited]	F.Y. 2079/80 [Audited]	Percent Change
1	Muktinath Bikas Bank	127.91	124.82	2.48
2	Garima Bikas Bank	113.61	126.46	-10.16
3	Shine Resunga Development Bank	69.74	75.8	-7.99
4	Lumbini Bikas Bank	60.37	49.76	21.32
5	Kamana Sewa Bikas Bank	60.32	36.13	66.95
6	Shangrila Development Bank	52.04	27.04	92.46
7	Mahalaxmi Bikas Bank	47.01	37.75	24.53
8	Jyoti Bikas Bank	24.65	30.18	-18.32

	Total Profit	555.65	507.94
	Average Profit	69.46	63.49

Source: Unaudited Q4 Report Of Respective Banks, FY 2080/81

Net Profit Of National Level Development Banks In Nepal- FY 2079/80

Net Profit (Rs. ‘In Crores’)

Rank	Development Banks	FY 2079/80 [Unaudited]	FY 2078/79 [Audited]	Percent Change
1	Muktinath Bikas Bank	136.38	134.18	1.64
2	Garima Bikas Bank	121.73	103	18.18
3	Shine Resunga Development Bank	78.68	64.87	21.29
4	Lumbini Bikas Bank	61.24	63.71	-3.88
5	Jyoti Bikas Bank	55.32	67	-17.43
6	Mahalaxmi Bikas Bank	47.09	90.47	-47.95
7	Kamana Sewa Bikas Bank	43.11	59	-26.93
8	Shangrila Development Bank	34.37	52.71	-34.79

	Total Profit	577.92	634.94	-8.98

Source: Unaudited Q4 Report, FY 2079/80

Net Profit Of National Level Development Banks In Nepal- FY 2078/79

Net Profit (Rs. ‘in crores’)

Rank	Development Banks	FY 2078/79 [Unaudited]	FY 2077/78 [Audited]	Percent Change
1	Muktinath Bikas Bank	137	115.64	18.47
2	Garima Bikas Bank	105.66	83.63	26.34
3	Mahalaxmi Bikas Bank	95.19	66	44.23
4	Jyoti Bikas Bank	70.15	66.38	5.68
5	Lumbini Bikas Bank	67.56	43.39	55.70
6	Shine Resunga Development Bank	64.52	50.37	28.09
7	Kamana Sewa Bikas Bank	63.09	59.81	5.48
8	Shangrila Development Bank	59.58	41	45.32

	Total Profit	662.75	526.22	25.95

Source: Unaudited Q4 Report, FY 2078/79

Paid-Up Capital Of National Level Development Banks In Nepal

Rank	Development Banks	Paid-Up Capital (Rs. ‘In Arba’)
1	Muktinath Bikas Bank	7.04
2	Garima Bikas Bank	5.68
3	Shine Resunga Development Bank	4.73
4	Jyoti Bikas Bank	4.39
5	Mahalaxmi Bikas Bank	4.17
6	Lumbini Bikas Bank	3.51
7	Shangrila Development Bank	3.43
8	Kamana Sewa Bikas Bank	3.28