Miteri Development Bank (MDB): A 13 - Year Financial Performance Review (FY 2069/70 – Q3 FY 2082/83)
Summary
Miteri Development Bank has shown substantial growth in assets and loans over 13 years, with fluctuations in liquidity and profitability. The bank maintains a healthy capital structure and low non-performing loans while facing challenges in controlling operating costs.
Key Points
- Miteri Development Bank expanded its loan portfolio from Rs. 843 million to Rs. 6.85 billion over 13 years with periods of contraction and strong recovery.
- Customer deposits increased from Rs. 988.27 million to Rs. 8.58 billion, forming 95-99% of total liabilities, indicating a conservative funding model.
- The bank's total assets rose nearly 900% from Rs. 1.15 billion to Rs. 10.38 billion, while equity stood at Rs. 1.69 billion, representing 16.3% of assets.
- Net profit declined to Rs. 96.22 million as of Q3 FY 2082/83, with challenges ahead in managing personnel and operating expenses to restore profitability.
