As per the report, their net profit has increased compared to the corresponding period of the last FY.
During the period, the national level development banks earned net profit of Rs 2.58 billion which is 14.78 percent growth compared to Rs 2.25 billion of the review period of the last FY.
During the period, out of eight national level banks, six have raised their profit while two have logged declined in net profit.
Jyoti Bikas Bank’s Net Profit Increases Maximum
During the period, Jyoti Bikas Bank (JBBL) has raised its net profit by 147.57 percent. The bank that earned Rs 101 million in review period of the last FY raised net profit to Rs 250.1 million in the current FY. Meanwhile, Mahalaxmi Bikas Bank earned the lowest net profit.
In the review period, Shine Resunga Bank and Lumbini Bikas Bank logged decline in net profit.
Garima Bikas Bank Earns Highest Profit
During the period, Garima Bikas Bank records the highest profit of Rs 549.2 million. The net profit increased by 7.16 percent. In the meantime, Lumbini Bikas Bank logged the lowest net profit of Rs 147.6 million.
