8 National Level Development Banks Earn Rs. 353.84 Crores in First 9 Months

April 21, 2024 | Investopaper

As of Chaitra’s end 2080 BS., there are 8 national-level development banks operating in Nepal. All these banks have published the unaudited third quarterly report of the current 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 87.18 crores.  Garima Bikas Bank is second to Muktinath in terms of net profit. It has posted a profit of Rs 68.34 crores in the 9 months period. On the other hand,  Jyoti Bikas Bank has the lowest profit of Rs 15.24 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 Q3, F.Y. 2080/81 Q3, F.Y. 2079/80 Percent Change
1 Muktinath Bikas Bank 87.18 80.62 8.14
2 Garima Bikas Bank 68.34 65.18 4.85
3 Shine Resunga Development Bank 51.46 55.45 -7.20
4 Mahalaxmi Bikas Bank 37.35 37.89 -1.43
5 Lumbini Bikas Bank 34.21 46.81 -26.92
6 Kamana Sewa Bikas Bank 33.13 30.56 8.41
7 Shangrila Development Bank 26.93 24.61 9.43
8 Jyoti Bikas Bank 15.24 20.16 -24.40
Total Profit 353.84 361.28 -2.06
Average Profit 44.23 45.16 -2.06

Source: Unaudited Q3 Report Of Respective Banks, FY 2080/81

Note: The net profit of the banks is of the first nine months of the fiscal year 2080/81 only. 


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

Net Profit (Rs. ‘In Crores’)

Rank Development Banks FY 2079/80  FY 2078/79 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 FY 2077/78 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 6.42
2 Garima Bikas Bank 5.18
3 Jyoti Bikas Bank 4.39
4 Shine Resunga Development Bank 4.28
5 Mahalaxmi Bikas Bank 4.17
6 Lumbini Bikas Bank 3.38
7 Kamana Sewa Bikas Bank 3.28
8 Shangrila Development Bank 3.26

Source: Unaudited Q4 Report, FY 2079/80


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