Nepal’s Development Banks’ Net Profit Surges 56.98% to NPR 9.42 Arba in Q4 2082/83; Garima Bikas Bank Leads Earnings
Summary
Nepal’s development banks posted a 56.98% jump in net profit in Q4 2082/83, reaching NPR 9.42 arba from NPR 6.00 arba a year earlier. Garima Bikas Bank led earnings, while several regional lenders remained under pressure.
Key Points
- Total net profit across 16 development banks rose 56.98% year on year to NPR 9.42 arba in Q4 2082/83.
- Garima Bikas Bank led the sector with the highest net profit at NPR 168 crore, followed by Muktinath Bikas Bank at NPR 151 crore.
- Jyoti Bikas Bank recorded the sharpest growth, surging from NPR 1.24 crore to NPR 100 crore.
- Several regional banks struggled, with Sindhu Bikas Bank and Saptakoshi Development Bank posting steep distributable profit losses.
