Maha Laxmi Bikas Bank Second Profit ranks among 16 development banks

Nov Thu 2021 03:07:58

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Maha Laxmi Bikas Bank Second Profit ranks among 16 development banks

Kathmandu. The 16 listed development banks have already made public their financial statements up to the first quarter of the current fiscal year. According to the unrevised financial statements of those banks up to that period, 13 banks are in net profit and three banks have incurred net loss. Till the first quarter, Saptakoshi Development Bank, Sindhu Bank and Narayani Development Bank have incurred net loss while the rest of the banks are still in profit.

Among the development banks, Muktinath Development Bank has earned the highest net profit. Muktinath Development Bank has earned a net profit of Rs 345.58 million. This is an increase of 17 percent over the first quarter of last year. The company had earned a profit of Rs 294.1 million in the first quarter of last year. After Muktinath Development Bank, Mahalaxmi Development Bank is the second to increase its net profit.

The bank has earned a net profit of Rs 235 million. Mahalakshmi Development Bank, which is rumored to be merging with Nabil Bank, has secured the second position in terms of profit among development banks. Similarly, the bank seems to be able to pay about 20 percent dividend.

Karnali Development Bank is at the forefront in increasing its net profit this year as compared to last year. Karnali Development Bank has made a net profit of 558.53 percent more this year than last year. last year Net profit of Rs. 34.48 million up to this period bank has made a profit of Rs 22.76 million this year