Kathmandu - Nepal Rastra Bank has earned a net profit of about 80.5 billion rupees in the fiscal year 2081/82. During the period, net income before foreign exchange and other asset revaluation gains/losses increased by 9.11 percent to 80.48 billion 26.50 million compared to the previous fiscal year.

In the fiscal year 2080/81, such net income was 73.76 billion 23.21 million rupees. This is stated in the annual report for the fiscal year submitted by Governor Bishwanath Poudel to Finance Minister Rameshwor Khanal on Sunday.

Out of the aforementioned profit, the Nepal Rastra Bank is going to give 42 billion rupees to the government. After keeping the amount required to be kept in various funds as per the law from the bank's net profit, it has been decided to provide the remaining 42 billion to the government.

'In the meeting of the Board of Directors dated 28 Kartik 2082, it has been decided to allocate the necessary amount to be allocated in various funds from the bank's net profit and provide the remaining amount 42 billion to the Government of Nepal,' the Nepal Rastra Bank said.

In the fiscal year 2081/82, the total net operating income of the National Bank reached Rs. 88 billion 467.480 million. This is an increase of 10.25 percent compared to the previous fiscal year. ‘In the net operating income of the fiscal year 2081/82, the share of net interest income was 98.69 percent, other operating income was 1.41 percent, and income from foreign exchange purchase and sale was negative 0.10 percent,’ the National Bank said. ‘During that period, net interest income increased by 10.08 percent compared to the previous fiscal year to reach Rs. 87 billion 309.708 million.’

Other income was Rs. 1 billion 246.829 million. Income from foreign exchange purchase and sale was negative 890.57 million, according to the annual report of the National Bank.

The excess liquidity accumulated in the banks and financial system has reduced the profit of the National Bank. Since the National Bank has to spend money to manage that excess liquidity in the financial system, the net profit of the National Bank is affected. According to which, last year the nation spent about 9 billion rupees on liquidity management. Liquidity has not decreased in the current fiscal year. Due to this, this year too, the bank will have to spend more money on liquidity management than last year.