FMDBL vs. RSDC vs. SKBBL: A Fourteen-Year Comparative Financial Performance Review (Q4 2069/70–Q4 2082/83)
Summary
FMDBL, RSDC and SKBBL are compared over 14 years of Q4 financial statements, showing SKBBL’s dominant scale after the RMDC merger while FMDBL and RSDC posted faster organic growth from smaller bases. All three institutions remained profitable, but recent years have seen pressure on interest income, EPS and returns on equity.
Key Points
- SKBBL remains the largest wholesale microfinance institution, with a far bigger asset, lending and equity base than FMDBL and RSDC, largely due to the RMDC merger.
- FMDBL and RSDC showed faster organic growth in assets and lending from smaller starting points, while SKBBL led in absolute income and profit.
- Borrowings continue to make up the biggest share of liabilities across all three institutions, reflecting Nepal’s wholesale microfinance funding model.
- FMDBL recorded the strongest return on assets, while SKBBL’s post-merger capital expansion diluted EPS and return on equity.
