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'title' => 'National Level Development Banks Report 9.39% Surge in Net Profit ',
'sub_title' => 'The eight banks collectively earned approximately Rs 5.55 billion in net profit during the period, up from Rs 5.07 billion in FY 2022/23.',
'summary' => 'National level development banks in Nepal have reported a 9.39% increase in their net profit for the fiscal year 2023/24.',
'content' => '<p><span style="font-size:18px">NewBiz Report</span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><strong><span style="font-family:"Georgia","serif"">KATHMANDU, August 5</span></strong></span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Georgia","serif"">National level development banks in Nepal have reported a 9.39% increase in their net profit for the fiscal year 2023/24.</span></span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Georgia","serif"">The eight banks collectively earned around Rs 5.55 billion in net profit in the review period, compared to Rs 5.07 billion in the previous fiscal year, 2022/23.</span></span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Georgia","serif"">Among the eight development banks, five—Shangri-la Development Bank, Kamana Sewa Development Bank, Mahalaxmi Development Bank, Lumbini Development Bank, and Muktinath Development Bank—saw an increase in net profit, while three such banks including Shine Resunga Development Bank, Garima Development Bank, and Jyoti Development Bank reported a decline inprofits, according to the unaudited financial reports released on Monday.</span></span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Georgia","serif"">Muktinath Development Bank recorded the highest net profit of approximately Rs 1.27 billion, while Jyoti Development Bank reported the lowest at around Rs 246.5 million.</span></span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Georgia","serif"">The Shangri-la Development Bank and Jyoti Development Bank reported the highest increase and decrease in net profit, respectively.</span></span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Georgia","serif"">The table below shows the net profit of the national level development banks for fiscal years 2023/24 and 2022/23.</span></span></span></p>
<p> </p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><strong><span style="font-family:"Georgia","serif"">Net profit of the national level development banks</span></strong></span></span></p>
<p> </p>
<table cellspacing="0" style="border-collapse:collapse">
<tbody>
<tr>
<td style="border-bottom:1px solid black; border-left:1px solid black; border-right:1px solid black; border-top:1px solid black; height:77px; vertical-align:top">
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><strong><span style="font-family:"Georgia","serif"">Banks</span></strong></span></span></p>
</td>
<td style="border-bottom:1px solid black; border-left:none; border-right:1px solid black; border-top:1px solid black; height:77px; vertical-align:top">
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><strong><span style="font-family:"Georgia","serif"">Net profit in FY 2023/24 </span></strong></span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><strong><span style="font-family:"Georgia","serif"">(in Rs million)</span></strong></span></span></p>
</td>
<td style="border-bottom:1px solid black; border-left:none; border-right:1px solid black; border-top:1px solid black; height:77px; vertical-align:top">
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><strong><span style="font-family:"Georgia","serif"">Net profit in FY 2022/23 </span></strong></span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><strong><span style="font-family:"Georgia","serif"">(in Rs million)</span></strong></span></span></p>
</td>
<td style="border-bottom:1px solid black; border-left:none; border-right:1px solid black; border-top:1px solid black; height:77px; vertical-align:top">
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><strong><span style="font-family:"Georgia","serif"">Changes (%)</span></strong></span></span></p>
</td>
</tr>
<tr>
<td style="border-bottom:1px solid black; border-left:1px solid black; border-right:1px solid black; border-top:none; vertical-align:top">
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Georgia","serif"">Shangri-la</span></span></span></p>
</td>
<td style="border-bottom:1px solid black; border-left:none; border-right:1px solid black; border-top:none; vertical-align:top">
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Georgia","serif"">520.47</span></span></span></p>
</td>
<td style="border-bottom:1px solid black; border-left:none; border-right:1px solid black; border-top:none; vertical-align:top">
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Georgia","serif"">270.41</span></span></span></p>
</td>
<td style="border-bottom:1px solid black; border-left:none; border-right:1px solid black; border-top:none; vertical-align:top">
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Georgia","serif"">92.47</span></span></span></p>
</td>
</tr>
<tr>
<td style="border-bottom:1px solid black; border-left:1px solid black; border-right:1px solid black; border-top:none; vertical-align:top">
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Georgia","serif"">Kamana Sewa</span></span></span></p>
</td>
<td style="border-bottom:1px solid black; border-left:none; border-right:1px solid black; border-top:none; vertical-align:top">
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Georgia","serif"">603.21</span></span></span></p>
</td>
<td style="border-bottom:1px solid black; border-left:none; border-right:1px solid black; border-top:none; vertical-align:top">
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Georgia","serif"">361.36</span></span></span></p>
</td>
<td style="border-bottom:1px solid black; border-left:none; border-right:1px solid black; border-top:none; vertical-align:top">
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Georgia","serif"">66.93</span></span></span></p>
</td>
</tr>
<tr>
<td style="border-bottom:1px solid black; border-left:1px solid black; border-right:1px solid black; border-top:none; vertical-align:top">
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Georgia","serif"">Mahalaxmi</span></span></span></p>
</td>
<td style="border-bottom:1px solid black; border-left:none; border-right:1px solid black; border-top:none; vertical-align:top">
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Georgia","serif"">470.14</span></span></span></p>
</td>
<td style="border-bottom:1px solid black; border-left:none; border-right:1px solid black; border-top:none; vertical-align:top">
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Georgia","serif"">377.55</span></span></span></p>
</td>
<td style="border-bottom:1px solid black; border-left:none; border-right:1px solid black; border-top:none; vertical-align:top">
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Georgia","serif"">24.52</span></span></span></p>
</td>
</tr>
<tr>
<td style="border-bottom:1px solid black; border-left:1px solid black; border-right:1px solid black; border-top:none; vertical-align:top">
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Georgia","serif"">Lumbini </span></span></span></p>
</td>
<td style="border-bottom:1px solid black; border-left:none; border-right:1px solid black; border-top:none; vertical-align:top">
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Georgia","serif"">603.78</span></span></span></p>
</td>
<td style="border-bottom:1px solid black; border-left:none; border-right:1px solid black; border-top:none; vertical-align:top">
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Georgia","serif"">497.67</span></span></span></p>
</td>
<td style="border-bottom:1px solid black; border-left:none; border-right:1px solid black; border-top:none; vertical-align:top">
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Georgia","serif"">21.32</span></span></span></p>
</td>
</tr>
<tr>
<td style="border-bottom:1px solid black; border-left:1px solid black; border-right:1px solid black; border-top:none; vertical-align:top">
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Georgia","serif"">Muktinath </span></span></span></p>
</td>
<td style="border-bottom:1px solid black; border-left:none; border-right:1px solid black; border-top:none; vertical-align:top">
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Georgia","serif"">1,279.13</span></span></span></p>
</td>
<td style="border-bottom:1px solid black; border-left:none; border-right:1px solid black; border-top:none; vertical-align:top">
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Georgia","serif"">1,248.22</span></span></span></p>
</td>
<td style="border-bottom:1px solid black; border-left:none; border-right:1px solid black; border-top:none; vertical-align:top">
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Georgia","serif"">2.48</span></span></span></p>
</td>
</tr>
<tr>
<td style="border-bottom:1px solid black; border-left:1px solid black; border-right:1px solid black; border-top:none; vertical-align:top">
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Georgia","serif"">Shine Resunga</span></span></span></p>
</td>
<td style="border-bottom:1px solid black; border-left:none; border-right:1px solid black; border-top:none; vertical-align:top">
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Georgia","serif"">697.44</span></span></span></p>
</td>
<td style="border-bottom:1px solid black; border-left:none; border-right:1px solid black; border-top:none; vertical-align:top">
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Georgia","serif"">758.02</span></span></span></p>
</td>
<td style="border-bottom:1px solid black; border-left:none; border-right:1px solid black; border-top:none; vertical-align:top">
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Georgia","serif"">-7.99</span></span></span></p>
</td>
</tr>
<tr>
<td style="border-bottom:1px solid black; border-left:1px solid black; border-right:1px solid black; border-top:none; vertical-align:top">
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Georgia","serif"">Garima</span></span></span></p>
</td>
<td style="border-bottom:1px solid black; border-left:none; border-right:1px solid black; border-top:none; vertical-align:top">
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Georgia","serif"">1,136.18</span></span></span></p>
</td>
<td style="border-bottom:1px solid black; border-left:none; border-right:1px solid black; border-top:none; vertical-align:top">
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Georgia","serif"">1,264.67</span></span></span></p>
</td>
<td style="border-bottom:1px solid black; border-left:none; border-right:1px solid black; border-top:none; vertical-align:top">
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Georgia","serif"">-10.16</span></span></span></p>
</td>
</tr>
<tr>
<td style="border-bottom:1px solid black; border-left:1px solid black; border-right:1px solid black; border-top:none; vertical-align:top">
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Georgia","serif"">Jyoti </span></span></span></p>
</td>
<td style="border-bottom:1px solid black; border-left:none; border-right:1px solid black; border-top:none; vertical-align:top">
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Georgia","serif"">246.5</span></span></span></p>
</td>
<td style="border-bottom:1px solid black; border-left:none; border-right:1px solid black; border-top:none; vertical-align:top">
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Georgia","serif"">301.81</span></span></span></p>
</td>
<td style="border-bottom:1px solid black; border-left:none; border-right:1px solid black; border-top:none; vertical-align:top">
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Georgia","serif"">-18.33</span></span></span></p>
</td>
</tr>
<tr>
<td style="border-bottom:1px solid black; border-left:1px solid black; border-right:1px solid black; border-top:none; vertical-align:top">
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><strong><span style="font-family:"Georgia","serif"">Total</span></strong></span></span></p>
</td>
<td style="border-bottom:1px solid black; border-left:none; border-right:1px solid black; border-top:none; vertical-align:top">
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><strong><span style="font-family:"Georgia","serif"">5,556.87</span></strong></span></span></p>
</td>
<td style="border-bottom:1px solid black; border-left:none; border-right:1px solid black; border-top:none; vertical-align:top">
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><strong><span style="font-family:"Georgia","serif"">5,079.75</span></strong></span></span></p>
</td>
<td style="border-bottom:1px solid black; border-left:none; border-right:1px solid black; border-top:none; vertical-align:top">
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><strong><span style="font-family:"Georgia","serif"">9.39</span></strong></span></span></p>
</td>
</tr>
</tbody>
</table>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Georgia","serif""> Sources: Respective development banks</span></span></span></p>
<p> </p>
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'id' => '21745',
'article_category_id' => '1',
'title' => 'National Level Development Banks Report 9.39% Surge in Net Profit ',
'sub_title' => 'The eight banks collectively earned approximately Rs 5.55 billion in net profit during the period, up from Rs 5.07 billion in FY 2022/23.',
'summary' => 'National level development banks in Nepal have reported a 9.39% increase in their net profit for the fiscal year 2023/24.',
'content' => '<p><span style="font-size:18px">NewBiz Report</span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><strong><span style="font-family:"Georgia","serif"">KATHMANDU, August 5</span></strong></span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Georgia","serif"">National level development banks in Nepal have reported a 9.39% increase in their net profit for the fiscal year 2023/24.</span></span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Georgia","serif"">The eight banks collectively earned around Rs 5.55 billion in net profit in the review period, compared to Rs 5.07 billion in the previous fiscal year, 2022/23.</span></span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Georgia","serif"">Among the eight development banks, five—Shangri-la Development Bank, Kamana Sewa Development Bank, Mahalaxmi Development Bank, Lumbini Development Bank, and Muktinath Development Bank—saw an increase in net profit, while three such banks including Shine Resunga Development Bank, Garima Development Bank, and Jyoti Development Bank reported a decline inprofits, according to the unaudited financial reports released on Monday.</span></span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Georgia","serif"">Muktinath Development Bank recorded the highest net profit of approximately Rs 1.27 billion, while Jyoti Development Bank reported the lowest at around Rs 246.5 million.</span></span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Georgia","serif"">The Shangri-la Development Bank and Jyoti Development Bank reported the highest increase and decrease in net profit, respectively.</span></span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Georgia","serif"">The table below shows the net profit of the national level development banks for fiscal years 2023/24 and 2022/23.</span></span></span></p>
<p> </p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><strong><span style="font-family:"Georgia","serif"">Net profit of the national level development banks</span></strong></span></span></p>
<p> </p>
<table cellspacing="0" style="border-collapse:collapse">
<tbody>
<tr>
<td style="border-bottom:1px solid black; border-left:1px solid black; border-right:1px solid black; border-top:1px solid black; height:77px; vertical-align:top">
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><strong><span style="font-family:"Georgia","serif"">Banks</span></strong></span></span></p>
</td>
<td style="border-bottom:1px solid black; border-left:none; border-right:1px solid black; border-top:1px solid black; height:77px; vertical-align:top">
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><strong><span style="font-family:"Georgia","serif"">Net profit in FY 2023/24 </span></strong></span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><strong><span style="font-family:"Georgia","serif"">(in Rs million)</span></strong></span></span></p>
</td>
<td style="border-bottom:1px solid black; border-left:none; border-right:1px solid black; border-top:1px solid black; height:77px; vertical-align:top">
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><strong><span style="font-family:"Georgia","serif"">Net profit in FY 2022/23 </span></strong></span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><strong><span style="font-family:"Georgia","serif"">(in Rs million)</span></strong></span></span></p>
</td>
<td style="border-bottom:1px solid black; border-left:none; border-right:1px solid black; border-top:1px solid black; height:77px; vertical-align:top">
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><strong><span style="font-family:"Georgia","serif"">Changes (%)</span></strong></span></span></p>
</td>
</tr>
<tr>
<td style="border-bottom:1px solid black; border-left:1px solid black; border-right:1px solid black; border-top:none; vertical-align:top">
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Georgia","serif"">Shangri-la</span></span></span></p>
</td>
<td style="border-bottom:1px solid black; border-left:none; border-right:1px solid black; border-top:none; vertical-align:top">
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Georgia","serif"">520.47</span></span></span></p>
</td>
<td style="border-bottom:1px solid black; border-left:none; border-right:1px solid black; border-top:none; vertical-align:top">
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Georgia","serif"">270.41</span></span></span></p>
</td>
<td style="border-bottom:1px solid black; border-left:none; border-right:1px solid black; border-top:none; vertical-align:top">
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Georgia","serif"">92.47</span></span></span></p>
</td>
</tr>
<tr>
<td style="border-bottom:1px solid black; border-left:1px solid black; border-right:1px solid black; border-top:none; vertical-align:top">
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Georgia","serif"">Kamana Sewa</span></span></span></p>
</td>
<td style="border-bottom:1px solid black; border-left:none; border-right:1px solid black; border-top:none; vertical-align:top">
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Georgia","serif"">603.21</span></span></span></p>
</td>
<td style="border-bottom:1px solid black; border-left:none; border-right:1px solid black; border-top:none; vertical-align:top">
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Georgia","serif"">361.36</span></span></span></p>
</td>
<td style="border-bottom:1px solid black; border-left:none; border-right:1px solid black; border-top:none; vertical-align:top">
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Georgia","serif"">66.93</span></span></span></p>
</td>
</tr>
<tr>
<td style="border-bottom:1px solid black; border-left:1px solid black; border-right:1px solid black; border-top:none; vertical-align:top">
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Georgia","serif"">Mahalaxmi</span></span></span></p>
</td>
<td style="border-bottom:1px solid black; border-left:none; border-right:1px solid black; border-top:none; vertical-align:top">
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Georgia","serif"">470.14</span></span></span></p>
</td>
<td style="border-bottom:1px solid black; border-left:none; border-right:1px solid black; border-top:none; vertical-align:top">
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Georgia","serif"">377.55</span></span></span></p>
</td>
<td style="border-bottom:1px solid black; border-left:none; border-right:1px solid black; border-top:none; vertical-align:top">
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Georgia","serif"">24.52</span></span></span></p>
</td>
</tr>
<tr>
<td style="border-bottom:1px solid black; border-left:1px solid black; border-right:1px solid black; border-top:none; vertical-align:top">
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Georgia","serif"">Lumbini </span></span></span></p>
</td>
<td style="border-bottom:1px solid black; border-left:none; border-right:1px solid black; border-top:none; vertical-align:top">
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Georgia","serif"">603.78</span></span></span></p>
</td>
<td style="border-bottom:1px solid black; border-left:none; border-right:1px solid black; border-top:none; vertical-align:top">
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Georgia","serif"">497.67</span></span></span></p>
</td>
<td style="border-bottom:1px solid black; border-left:none; border-right:1px solid black; border-top:none; vertical-align:top">
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Georgia","serif"">21.32</span></span></span></p>
</td>
</tr>
<tr>
<td style="border-bottom:1px solid black; border-left:1px solid black; border-right:1px solid black; border-top:none; vertical-align:top">
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Georgia","serif"">Muktinath </span></span></span></p>
</td>
<td style="border-bottom:1px solid black; border-left:none; border-right:1px solid black; border-top:none; vertical-align:top">
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Georgia","serif"">1,279.13</span></span></span></p>
</td>
<td style="border-bottom:1px solid black; border-left:none; border-right:1px solid black; border-top:none; vertical-align:top">
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Georgia","serif"">1,248.22</span></span></span></p>
</td>
<td style="border-bottom:1px solid black; border-left:none; border-right:1px solid black; border-top:none; vertical-align:top">
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Georgia","serif"">2.48</span></span></span></p>
</td>
</tr>
<tr>
<td style="border-bottom:1px solid black; border-left:1px solid black; border-right:1px solid black; border-top:none; vertical-align:top">
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Georgia","serif"">Shine Resunga</span></span></span></p>
</td>
<td style="border-bottom:1px solid black; border-left:none; border-right:1px solid black; border-top:none; vertical-align:top">
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Georgia","serif"">697.44</span></span></span></p>
</td>
<td style="border-bottom:1px solid black; border-left:none; border-right:1px solid black; border-top:none; vertical-align:top">
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Georgia","serif"">758.02</span></span></span></p>
</td>
<td style="border-bottom:1px solid black; border-left:none; border-right:1px solid black; border-top:none; vertical-align:top">
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Georgia","serif"">-7.99</span></span></span></p>
</td>
</tr>
<tr>
<td style="border-bottom:1px solid black; border-left:1px solid black; border-right:1px solid black; border-top:none; vertical-align:top">
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Georgia","serif"">Garima</span></span></span></p>
</td>
<td style="border-bottom:1px solid black; border-left:none; border-right:1px solid black; border-top:none; vertical-align:top">
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Georgia","serif"">1,136.18</span></span></span></p>
</td>
<td style="border-bottom:1px solid black; border-left:none; border-right:1px solid black; border-top:none; vertical-align:top">
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Georgia","serif"">1,264.67</span></span></span></p>
</td>
<td style="border-bottom:1px solid black; border-left:none; border-right:1px solid black; border-top:none; vertical-align:top">
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Georgia","serif"">-10.16</span></span></span></p>
</td>
</tr>
<tr>
<td style="border-bottom:1px solid black; border-left:1px solid black; border-right:1px solid black; border-top:none; vertical-align:top">
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Georgia","serif"">Jyoti </span></span></span></p>
</td>
<td style="border-bottom:1px solid black; border-left:none; border-right:1px solid black; border-top:none; vertical-align:top">
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Georgia","serif"">246.5</span></span></span></p>
</td>
<td style="border-bottom:1px solid black; border-left:none; border-right:1px solid black; border-top:none; vertical-align:top">
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Georgia","serif"">301.81</span></span></span></p>
</td>
<td style="border-bottom:1px solid black; border-left:none; border-right:1px solid black; border-top:none; vertical-align:top">
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Georgia","serif"">-18.33</span></span></span></p>
</td>
</tr>
<tr>
<td style="border-bottom:1px solid black; border-left:1px solid black; border-right:1px solid black; border-top:none; vertical-align:top">
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><strong><span style="font-family:"Georgia","serif"">Total</span></strong></span></span></p>
</td>
<td style="border-bottom:1px solid black; border-left:none; border-right:1px solid black; border-top:none; vertical-align:top">
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><strong><span style="font-family:"Georgia","serif"">5,556.87</span></strong></span></span></p>
</td>
<td style="border-bottom:1px solid black; border-left:none; border-right:1px solid black; border-top:none; vertical-align:top">
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><strong><span style="font-family:"Georgia","serif"">5,079.75</span></strong></span></span></p>
</td>
<td style="border-bottom:1px solid black; border-left:none; border-right:1px solid black; border-top:none; vertical-align:top">
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><strong><span style="font-family:"Georgia","serif"">9.39</span></strong></span></span></p>
</td>
</tr>
</tbody>
</table>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Georgia","serif""> Sources: Respective development banks</span></span></span></p>
<p> </p>
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'title' => 'National Level Development Banks Report 9.39% Surge in Net Profit ',
'sub_title' => 'The eight banks collectively earned approximately Rs 5.55 billion in net profit during the period, up from Rs 5.07 billion in FY 2022/23.',
'summary' => 'National level development banks in Nepal have reported a 9.39% increase in their net profit for the fiscal year 2023/24.',
'content' => '<p><span style="font-size:18px">NewBiz Report</span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><strong><span style="font-family:"Georgia","serif"">KATHMANDU, August 5</span></strong></span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Georgia","serif"">National level development banks in Nepal have reported a 9.39% increase in their net profit for the fiscal year 2023/24.</span></span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Georgia","serif"">The eight banks collectively earned around Rs 5.55 billion in net profit in the review period, compared to Rs 5.07 billion in the previous fiscal year, 2022/23.</span></span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Georgia","serif"">Among the eight development banks, five—Shangri-la Development Bank, Kamana Sewa Development Bank, Mahalaxmi Development Bank, Lumbini Development Bank, and Muktinath Development Bank—saw an increase in net profit, while three such banks including Shine Resunga Development Bank, Garima Development Bank, and Jyoti Development Bank reported a decline inprofits, according to the unaudited financial reports released on Monday.</span></span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Georgia","serif"">Muktinath Development Bank recorded the highest net profit of approximately Rs 1.27 billion, while Jyoti Development Bank reported the lowest at around Rs 246.5 million.</span></span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Georgia","serif"">The Shangri-la Development Bank and Jyoti Development Bank reported the highest increase and decrease in net profit, respectively.</span></span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Georgia","serif"">The table below shows the net profit of the national level development banks for fiscal years 2023/24 and 2022/23.</span></span></span></p>
<p> </p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><strong><span style="font-family:"Georgia","serif"">Net profit of the national level development banks</span></strong></span></span></p>
<p> </p>
<table cellspacing="0" style="border-collapse:collapse">
<tbody>
<tr>
<td style="border-bottom:1px solid black; border-left:1px solid black; border-right:1px solid black; border-top:1px solid black; height:77px; vertical-align:top">
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><strong><span style="font-family:"Georgia","serif"">Banks</span></strong></span></span></p>
</td>
<td style="border-bottom:1px solid black; border-left:none; border-right:1px solid black; border-top:1px solid black; height:77px; vertical-align:top">
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><strong><span style="font-family:"Georgia","serif"">Net profit in FY 2023/24 </span></strong></span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><strong><span style="font-family:"Georgia","serif"">(in Rs million)</span></strong></span></span></p>
</td>
<td style="border-bottom:1px solid black; border-left:none; border-right:1px solid black; border-top:1px solid black; height:77px; vertical-align:top">
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><strong><span style="font-family:"Georgia","serif"">Net profit in FY 2022/23 </span></strong></span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><strong><span style="font-family:"Georgia","serif"">(in Rs million)</span></strong></span></span></p>
</td>
<td style="border-bottom:1px solid black; border-left:none; border-right:1px solid black; border-top:1px solid black; height:77px; vertical-align:top">
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><strong><span style="font-family:"Georgia","serif"">Changes (%)</span></strong></span></span></p>
</td>
</tr>
<tr>
<td style="border-bottom:1px solid black; border-left:1px solid black; border-right:1px solid black; border-top:none; vertical-align:top">
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Georgia","serif"">Shangri-la</span></span></span></p>
</td>
<td style="border-bottom:1px solid black; border-left:none; border-right:1px solid black; border-top:none; vertical-align:top">
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Georgia","serif"">520.47</span></span></span></p>
</td>
<td style="border-bottom:1px solid black; border-left:none; border-right:1px solid black; border-top:none; vertical-align:top">
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Georgia","serif"">270.41</span></span></span></p>
</td>
<td style="border-bottom:1px solid black; border-left:none; border-right:1px solid black; border-top:none; vertical-align:top">
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Georgia","serif"">92.47</span></span></span></p>
</td>
</tr>
<tr>
<td style="border-bottom:1px solid black; border-left:1px solid black; border-right:1px solid black; border-top:none; vertical-align:top">
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Georgia","serif"">Kamana Sewa</span></span></span></p>
</td>
<td style="border-bottom:1px solid black; border-left:none; border-right:1px solid black; border-top:none; vertical-align:top">
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Georgia","serif"">603.21</span></span></span></p>
</td>
<td style="border-bottom:1px solid black; border-left:none; border-right:1px solid black; border-top:none; vertical-align:top">
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Georgia","serif"">361.36</span></span></span></p>
</td>
<td style="border-bottom:1px solid black; border-left:none; border-right:1px solid black; border-top:none; vertical-align:top">
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Georgia","serif"">66.93</span></span></span></p>
</td>
</tr>
<tr>
<td style="border-bottom:1px solid black; border-left:1px solid black; border-right:1px solid black; border-top:none; vertical-align:top">
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Georgia","serif"">Mahalaxmi</span></span></span></p>
</td>
<td style="border-bottom:1px solid black; border-left:none; border-right:1px solid black; border-top:none; vertical-align:top">
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Georgia","serif"">470.14</span></span></span></p>
</td>
<td style="border-bottom:1px solid black; border-left:none; border-right:1px solid black; border-top:none; vertical-align:top">
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Georgia","serif"">377.55</span></span></span></p>
</td>
<td style="border-bottom:1px solid black; border-left:none; border-right:1px solid black; border-top:none; vertical-align:top">
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Georgia","serif"">24.52</span></span></span></p>
</td>
</tr>
<tr>
<td style="border-bottom:1px solid black; border-left:1px solid black; border-right:1px solid black; border-top:none; vertical-align:top">
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Georgia","serif"">Lumbini </span></span></span></p>
</td>
<td style="border-bottom:1px solid black; border-left:none; border-right:1px solid black; border-top:none; vertical-align:top">
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Georgia","serif"">603.78</span></span></span></p>
</td>
<td style="border-bottom:1px solid black; border-left:none; border-right:1px solid black; border-top:none; vertical-align:top">
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Georgia","serif"">497.67</span></span></span></p>
</td>
<td style="border-bottom:1px solid black; border-left:none; border-right:1px solid black; border-top:none; vertical-align:top">
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Georgia","serif"">21.32</span></span></span></p>
</td>
</tr>
<tr>
<td style="border-bottom:1px solid black; border-left:1px solid black; border-right:1px solid black; border-top:none; vertical-align:top">
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Georgia","serif"">Muktinath </span></span></span></p>
</td>
<td style="border-bottom:1px solid black; border-left:none; border-right:1px solid black; border-top:none; vertical-align:top">
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Georgia","serif"">1,279.13</span></span></span></p>
</td>
<td style="border-bottom:1px solid black; border-left:none; border-right:1px solid black; border-top:none; vertical-align:top">
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Georgia","serif"">1,248.22</span></span></span></p>
</td>
<td style="border-bottom:1px solid black; border-left:none; border-right:1px solid black; border-top:none; vertical-align:top">
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Georgia","serif"">2.48</span></span></span></p>
</td>
</tr>
<tr>
<td style="border-bottom:1px solid black; border-left:1px solid black; border-right:1px solid black; border-top:none; vertical-align:top">
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Georgia","serif"">Shine Resunga</span></span></span></p>
</td>
<td style="border-bottom:1px solid black; border-left:none; border-right:1px solid black; border-top:none; vertical-align:top">
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Georgia","serif"">697.44</span></span></span></p>
</td>
<td style="border-bottom:1px solid black; border-left:none; border-right:1px solid black; border-top:none; vertical-align:top">
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Georgia","serif"">758.02</span></span></span></p>
</td>
<td style="border-bottom:1px solid black; border-left:none; border-right:1px solid black; border-top:none; vertical-align:top">
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Georgia","serif"">-7.99</span></span></span></p>
</td>
</tr>
<tr>
<td style="border-bottom:1px solid black; border-left:1px solid black; border-right:1px solid black; border-top:none; vertical-align:top">
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Georgia","serif"">Garima</span></span></span></p>
</td>
<td style="border-bottom:1px solid black; border-left:none; border-right:1px solid black; border-top:none; vertical-align:top">
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Georgia","serif"">1,136.18</span></span></span></p>
</td>
<td style="border-bottom:1px solid black; border-left:none; border-right:1px solid black; border-top:none; vertical-align:top">
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Georgia","serif"">1,264.67</span></span></span></p>
</td>
<td style="border-bottom:1px solid black; border-left:none; border-right:1px solid black; border-top:none; vertical-align:top">
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Georgia","serif"">-10.16</span></span></span></p>
</td>
</tr>
<tr>
<td style="border-bottom:1px solid black; border-left:1px solid black; border-right:1px solid black; border-top:none; vertical-align:top">
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Georgia","serif"">Jyoti </span></span></span></p>
</td>
<td style="border-bottom:1px solid black; border-left:none; border-right:1px solid black; border-top:none; vertical-align:top">
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Georgia","serif"">246.5</span></span></span></p>
</td>
<td style="border-bottom:1px solid black; border-left:none; border-right:1px solid black; border-top:none; vertical-align:top">
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Georgia","serif"">301.81</span></span></span></p>
</td>
<td style="border-bottom:1px solid black; border-left:none; border-right:1px solid black; border-top:none; vertical-align:top">
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Georgia","serif"">-18.33</span></span></span></p>
</td>
</tr>
<tr>
<td style="border-bottom:1px solid black; border-left:1px solid black; border-right:1px solid black; border-top:none; vertical-align:top">
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><strong><span style="font-family:"Georgia","serif"">Total</span></strong></span></span></p>
</td>
<td style="border-bottom:1px solid black; border-left:none; border-right:1px solid black; border-top:none; vertical-align:top">
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><strong><span style="font-family:"Georgia","serif"">5,556.87</span></strong></span></span></p>
</td>
<td style="border-bottom:1px solid black; border-left:none; border-right:1px solid black; border-top:none; vertical-align:top">
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><strong><span style="font-family:"Georgia","serif"">5,079.75</span></strong></span></span></p>
</td>
<td style="border-bottom:1px solid black; border-left:none; border-right:1px solid black; border-top:none; vertical-align:top">
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><strong><span style="font-family:"Georgia","serif"">9.39</span></strong></span></span></p>
</td>
</tr>
</tbody>
</table>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Georgia","serif""> Sources: Respective development banks</span></span></span></p>
<p> </p>
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'title' => 'National Level Development Banks Report 9.39% Surge in Net Profit ',
'sub_title' => 'The eight banks collectively earned approximately Rs 5.55 billion in net profit during the period, up from Rs 5.07 billion in FY 2022/23.',
'summary' => 'National level development banks in Nepal have reported a 9.39% increase in their net profit for the fiscal year 2023/24.',
'content' => '<p><span style="font-size:18px">NewBiz Report</span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><strong><span style="font-family:"Georgia","serif"">KATHMANDU, August 5</span></strong></span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Georgia","serif"">National level development banks in Nepal have reported a 9.39% increase in their net profit for the fiscal year 2023/24.</span></span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Georgia","serif"">The eight banks collectively earned around Rs 5.55 billion in net profit in the review period, compared to Rs 5.07 billion in the previous fiscal year, 2022/23.</span></span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Georgia","serif"">Among the eight development banks, five—Shangri-la Development Bank, Kamana Sewa Development Bank, Mahalaxmi Development Bank, Lumbini Development Bank, and Muktinath Development Bank—saw an increase in net profit, while three such banks including Shine Resunga Development Bank, Garima Development Bank, and Jyoti Development Bank reported a decline inprofits, according to the unaudited financial reports released on Monday.</span></span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Georgia","serif"">Muktinath Development Bank recorded the highest net profit of approximately Rs 1.27 billion, while Jyoti Development Bank reported the lowest at around Rs 246.5 million.</span></span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Georgia","serif"">The Shangri-la Development Bank and Jyoti Development Bank reported the highest increase and decrease in net profit, respectively.</span></span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Georgia","serif"">The table below shows the net profit of the national level development banks for fiscal years 2023/24 and 2022/23.</span></span></span></p>
<p> </p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><strong><span style="font-family:"Georgia","serif"">Net profit of the national level development banks</span></strong></span></span></p>
<p> </p>
<table cellspacing="0" style="border-collapse:collapse">
<tbody>
<tr>
<td style="border-bottom:1px solid black; border-left:1px solid black; border-right:1px solid black; border-top:1px solid black; height:77px; vertical-align:top">
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><strong><span style="font-family:"Georgia","serif"">Banks</span></strong></span></span></p>
</td>
<td style="border-bottom:1px solid black; border-left:none; border-right:1px solid black; border-top:1px solid black; height:77px; vertical-align:top">
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><strong><span style="font-family:"Georgia","serif"">Net profit in FY 2023/24 </span></strong></span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><strong><span style="font-family:"Georgia","serif"">(in Rs million)</span></strong></span></span></p>
</td>
<td style="border-bottom:1px solid black; border-left:none; border-right:1px solid black; border-top:1px solid black; height:77px; vertical-align:top">
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><strong><span style="font-family:"Georgia","serif"">Net profit in FY 2022/23 </span></strong></span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><strong><span style="font-family:"Georgia","serif"">(in Rs million)</span></strong></span></span></p>
</td>
<td style="border-bottom:1px solid black; border-left:none; border-right:1px solid black; border-top:1px solid black; height:77px; vertical-align:top">
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><strong><span style="font-family:"Georgia","serif"">Changes (%)</span></strong></span></span></p>
</td>
</tr>
<tr>
<td style="border-bottom:1px solid black; border-left:1px solid black; border-right:1px solid black; border-top:none; vertical-align:top">
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Georgia","serif"">Shangri-la</span></span></span></p>
</td>
<td style="border-bottom:1px solid black; border-left:none; border-right:1px solid black; border-top:none; vertical-align:top">
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Georgia","serif"">520.47</span></span></span></p>
</td>
<td style="border-bottom:1px solid black; border-left:none; border-right:1px solid black; border-top:none; vertical-align:top">
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Georgia","serif"">270.41</span></span></span></p>
</td>
<td style="border-bottom:1px solid black; border-left:none; border-right:1px solid black; border-top:none; vertical-align:top">
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Georgia","serif"">92.47</span></span></span></p>
</td>
</tr>
<tr>
<td style="border-bottom:1px solid black; border-left:1px solid black; border-right:1px solid black; border-top:none; vertical-align:top">
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Georgia","serif"">Kamana Sewa</span></span></span></p>
</td>
<td style="border-bottom:1px solid black; border-left:none; border-right:1px solid black; border-top:none; vertical-align:top">
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Georgia","serif"">603.21</span></span></span></p>
</td>
<td style="border-bottom:1px solid black; border-left:none; border-right:1px solid black; border-top:none; vertical-align:top">
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Georgia","serif"">361.36</span></span></span></p>
</td>
<td style="border-bottom:1px solid black; border-left:none; border-right:1px solid black; border-top:none; vertical-align:top">
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Georgia","serif"">66.93</span></span></span></p>
</td>
</tr>
<tr>
<td style="border-bottom:1px solid black; border-left:1px solid black; border-right:1px solid black; border-top:none; vertical-align:top">
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Georgia","serif"">Mahalaxmi</span></span></span></p>
</td>
<td style="border-bottom:1px solid black; border-left:none; border-right:1px solid black; border-top:none; vertical-align:top">
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Georgia","serif"">470.14</span></span></span></p>
</td>
<td style="border-bottom:1px solid black; border-left:none; border-right:1px solid black; border-top:none; vertical-align:top">
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Georgia","serif"">377.55</span></span></span></p>
</td>
<td style="border-bottom:1px solid black; border-left:none; border-right:1px solid black; border-top:none; vertical-align:top">
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Georgia","serif"">24.52</span></span></span></p>
</td>
</tr>
<tr>
<td style="border-bottom:1px solid black; border-left:1px solid black; border-right:1px solid black; border-top:none; vertical-align:top">
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Georgia","serif"">Lumbini </span></span></span></p>
</td>
<td style="border-bottom:1px solid black; border-left:none; border-right:1px solid black; border-top:none; vertical-align:top">
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Georgia","serif"">603.78</span></span></span></p>
</td>
<td style="border-bottom:1px solid black; border-left:none; border-right:1px solid black; border-top:none; vertical-align:top">
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Georgia","serif"">497.67</span></span></span></p>
</td>
<td style="border-bottom:1px solid black; border-left:none; border-right:1px solid black; border-top:none; vertical-align:top">
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Georgia","serif"">21.32</span></span></span></p>
</td>
</tr>
<tr>
<td style="border-bottom:1px solid black; border-left:1px solid black; border-right:1px solid black; border-top:none; vertical-align:top">
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Georgia","serif"">Muktinath </span></span></span></p>
</td>
<td style="border-bottom:1px solid black; border-left:none; border-right:1px solid black; border-top:none; vertical-align:top">
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Georgia","serif"">1,279.13</span></span></span></p>
</td>
<td style="border-bottom:1px solid black; border-left:none; border-right:1px solid black; border-top:none; vertical-align:top">
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Georgia","serif"">1,248.22</span></span></span></p>
</td>
<td style="border-bottom:1px solid black; border-left:none; border-right:1px solid black; border-top:none; vertical-align:top">
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Georgia","serif"">2.48</span></span></span></p>
</td>
</tr>
<tr>
<td style="border-bottom:1px solid black; border-left:1px solid black; border-right:1px solid black; border-top:none; vertical-align:top">
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Georgia","serif"">Shine Resunga</span></span></span></p>
</td>
<td style="border-bottom:1px solid black; border-left:none; border-right:1px solid black; border-top:none; vertical-align:top">
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Georgia","serif"">697.44</span></span></span></p>
</td>
<td style="border-bottom:1px solid black; border-left:none; border-right:1px solid black; border-top:none; vertical-align:top">
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Georgia","serif"">758.02</span></span></span></p>
</td>
<td style="border-bottom:1px solid black; border-left:none; border-right:1px solid black; border-top:none; vertical-align:top">
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Georgia","serif"">-7.99</span></span></span></p>
</td>
</tr>
<tr>
<td style="border-bottom:1px solid black; border-left:1px solid black; border-right:1px solid black; border-top:none; vertical-align:top">
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Georgia","serif"">Garima</span></span></span></p>
</td>
<td style="border-bottom:1px solid black; border-left:none; border-right:1px solid black; border-top:none; vertical-align:top">
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Georgia","serif"">1,136.18</span></span></span></p>
</td>
<td style="border-bottom:1px solid black; border-left:none; border-right:1px solid black; border-top:none; vertical-align:top">
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Georgia","serif"">1,264.67</span></span></span></p>
</td>
<td style="border-bottom:1px solid black; border-left:none; border-right:1px solid black; border-top:none; vertical-align:top">
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Georgia","serif"">-10.16</span></span></span></p>
</td>
</tr>
<tr>
<td style="border-bottom:1px solid black; border-left:1px solid black; border-right:1px solid black; border-top:none; vertical-align:top">
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Georgia","serif"">Jyoti </span></span></span></p>
</td>
<td style="border-bottom:1px solid black; border-left:none; border-right:1px solid black; border-top:none; vertical-align:top">
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Georgia","serif"">246.5</span></span></span></p>
</td>
<td style="border-bottom:1px solid black; border-left:none; border-right:1px solid black; border-top:none; vertical-align:top">
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Georgia","serif"">301.81</span></span></span></p>
</td>
<td style="border-bottom:1px solid black; border-left:none; border-right:1px solid black; border-top:none; vertical-align:top">
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Georgia","serif"">-18.33</span></span></span></p>
</td>
</tr>
<tr>
<td style="border-bottom:1px solid black; border-left:1px solid black; border-right:1px solid black; border-top:none; vertical-align:top">
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><strong><span style="font-family:"Georgia","serif"">Total</span></strong></span></span></p>
</td>
<td style="border-bottom:1px solid black; border-left:none; border-right:1px solid black; border-top:none; vertical-align:top">
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><strong><span style="font-family:"Georgia","serif"">5,556.87</span></strong></span></span></p>
</td>
<td style="border-bottom:1px solid black; border-left:none; border-right:1px solid black; border-top:none; vertical-align:top">
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><strong><span style="font-family:"Georgia","serif"">5,079.75</span></strong></span></span></p>
</td>
<td style="border-bottom:1px solid black; border-left:none; border-right:1px solid black; border-top:none; vertical-align:top">
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><strong><span style="font-family:"Georgia","serif"">9.39</span></strong></span></span></p>
</td>
</tr>
</tbody>
</table>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Georgia","serif""> Sources: Respective development banks</span></span></span></p>
<p> </p>
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'title' => 'National Level Development Banks Report 9.39% Surge in Net Profit ',
'sub_title' => 'The eight banks collectively earned approximately Rs 5.55 billion in net profit during the period, up from Rs 5.07 billion in FY 2022/23.',
'summary' => 'National level development banks in Nepal have reported a 9.39% increase in their net profit for the fiscal year 2023/24.',
'content' => '<p><span style="font-size:18px">NewBiz Report</span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><strong><span style="font-family:"Georgia","serif"">KATHMANDU, August 5</span></strong></span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Georgia","serif"">National level development banks in Nepal have reported a 9.39% increase in their net profit for the fiscal year 2023/24.</span></span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Georgia","serif"">The eight banks collectively earned around Rs 5.55 billion in net profit in the review period, compared to Rs 5.07 billion in the previous fiscal year, 2022/23.</span></span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Georgia","serif"">Among the eight development banks, five—Shangri-la Development Bank, Kamana Sewa Development Bank, Mahalaxmi Development Bank, Lumbini Development Bank, and Muktinath Development Bank—saw an increase in net profit, while three such banks including Shine Resunga Development Bank, Garima Development Bank, and Jyoti Development Bank reported a decline inprofits, according to the unaudited financial reports released on Monday.</span></span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Georgia","serif"">Muktinath Development Bank recorded the highest net profit of approximately Rs 1.27 billion, while Jyoti Development Bank reported the lowest at around Rs 246.5 million.</span></span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Georgia","serif"">The Shangri-la Development Bank and Jyoti Development Bank reported the highest increase and decrease in net profit, respectively.</span></span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Georgia","serif"">The table below shows the net profit of the national level development banks for fiscal years 2023/24 and 2022/23.</span></span></span></p>
<p> </p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><strong><span style="font-family:"Georgia","serif"">Net profit of the national level development banks</span></strong></span></span></p>
<p> </p>
<table cellspacing="0" style="border-collapse:collapse">
<tbody>
<tr>
<td style="border-bottom:1px solid black; border-left:1px solid black; border-right:1px solid black; border-top:1px solid black; height:77px; vertical-align:top">
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><strong><span style="font-family:"Georgia","serif"">Banks</span></strong></span></span></p>
</td>
<td style="border-bottom:1px solid black; border-left:none; border-right:1px solid black; border-top:1px solid black; height:77px; vertical-align:top">
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><strong><span style="font-family:"Georgia","serif"">Net profit in FY 2023/24 </span></strong></span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><strong><span style="font-family:"Georgia","serif"">(in Rs million)</span></strong></span></span></p>
</td>
<td style="border-bottom:1px solid black; border-left:none; border-right:1px solid black; border-top:1px solid black; height:77px; vertical-align:top">
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><strong><span style="font-family:"Georgia","serif"">Net profit in FY 2022/23 </span></strong></span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><strong><span style="font-family:"Georgia","serif"">(in Rs million)</span></strong></span></span></p>
</td>
<td style="border-bottom:1px solid black; border-left:none; border-right:1px solid black; border-top:1px solid black; height:77px; vertical-align:top">
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><strong><span style="font-family:"Georgia","serif"">Changes (%)</span></strong></span></span></p>
</td>
</tr>
<tr>
<td style="border-bottom:1px solid black; border-left:1px solid black; border-right:1px solid black; border-top:none; vertical-align:top">
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Georgia","serif"">Shangri-la</span></span></span></p>
</td>
<td style="border-bottom:1px solid black; border-left:none; border-right:1px solid black; border-top:none; vertical-align:top">
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Georgia","serif"">520.47</span></span></span></p>
</td>
<td style="border-bottom:1px solid black; border-left:none; border-right:1px solid black; border-top:none; vertical-align:top">
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Georgia","serif"">270.41</span></span></span></p>
</td>
<td style="border-bottom:1px solid black; border-left:none; border-right:1px solid black; border-top:none; vertical-align:top">
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Georgia","serif"">92.47</span></span></span></p>
</td>
</tr>
<tr>
<td style="border-bottom:1px solid black; border-left:1px solid black; border-right:1px solid black; border-top:none; vertical-align:top">
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Georgia","serif"">Kamana Sewa</span></span></span></p>
</td>
<td style="border-bottom:1px solid black; border-left:none; border-right:1px solid black; border-top:none; vertical-align:top">
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Georgia","serif"">603.21</span></span></span></p>
</td>
<td style="border-bottom:1px solid black; border-left:none; border-right:1px solid black; border-top:none; vertical-align:top">
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Georgia","serif"">361.36</span></span></span></p>
</td>
<td style="border-bottom:1px solid black; border-left:none; border-right:1px solid black; border-top:none; vertical-align:top">
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Georgia","serif"">66.93</span></span></span></p>
</td>
</tr>
<tr>
<td style="border-bottom:1px solid black; border-left:1px solid black; border-right:1px solid black; border-top:none; vertical-align:top">
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Georgia","serif"">Mahalaxmi</span></span></span></p>
</td>
<td style="border-bottom:1px solid black; border-left:none; border-right:1px solid black; border-top:none; vertical-align:top">
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Georgia","serif"">470.14</span></span></span></p>
</td>
<td style="border-bottom:1px solid black; border-left:none; border-right:1px solid black; border-top:none; vertical-align:top">
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Georgia","serif"">377.55</span></span></span></p>
</td>
<td style="border-bottom:1px solid black; border-left:none; border-right:1px solid black; border-top:none; vertical-align:top">
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Georgia","serif"">24.52</span></span></span></p>
</td>
</tr>
<tr>
<td style="border-bottom:1px solid black; border-left:1px solid black; border-right:1px solid black; border-top:none; vertical-align:top">
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Georgia","serif"">Lumbini </span></span></span></p>
</td>
<td style="border-bottom:1px solid black; border-left:none; border-right:1px solid black; border-top:none; vertical-align:top">
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Georgia","serif"">603.78</span></span></span></p>
</td>
<td style="border-bottom:1px solid black; border-left:none; border-right:1px solid black; border-top:none; vertical-align:top">
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Georgia","serif"">497.67</span></span></span></p>
</td>
<td style="border-bottom:1px solid black; border-left:none; border-right:1px solid black; border-top:none; vertical-align:top">
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Georgia","serif"">21.32</span></span></span></p>
</td>
</tr>
<tr>
<td style="border-bottom:1px solid black; border-left:1px solid black; border-right:1px solid black; border-top:none; vertical-align:top">
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Georgia","serif"">Muktinath </span></span></span></p>
</td>
<td style="border-bottom:1px solid black; border-left:none; border-right:1px solid black; border-top:none; vertical-align:top">
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Georgia","serif"">1,279.13</span></span></span></p>
</td>
<td style="border-bottom:1px solid black; border-left:none; border-right:1px solid black; border-top:none; vertical-align:top">
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Georgia","serif"">1,248.22</span></span></span></p>
</td>
<td style="border-bottom:1px solid black; border-left:none; border-right:1px solid black; border-top:none; vertical-align:top">
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Georgia","serif"">2.48</span></span></span></p>
</td>
</tr>
<tr>
<td style="border-bottom:1px solid black; border-left:1px solid black; border-right:1px solid black; border-top:none; vertical-align:top">
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Georgia","serif"">Shine Resunga</span></span></span></p>
</td>
<td style="border-bottom:1px solid black; border-left:none; border-right:1px solid black; border-top:none; vertical-align:top">
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Georgia","serif"">697.44</span></span></span></p>
</td>
<td style="border-bottom:1px solid black; border-left:none; border-right:1px solid black; border-top:none; vertical-align:top">
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Georgia","serif"">758.02</span></span></span></p>
</td>
<td style="border-bottom:1px solid black; border-left:none; border-right:1px solid black; border-top:none; vertical-align:top">
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Georgia","serif"">-7.99</span></span></span></p>
</td>
</tr>
<tr>
<td style="border-bottom:1px solid black; border-left:1px solid black; border-right:1px solid black; border-top:none; vertical-align:top">
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Georgia","serif"">Garima</span></span></span></p>
</td>
<td style="border-bottom:1px solid black; border-left:none; border-right:1px solid black; border-top:none; vertical-align:top">
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Georgia","serif"">1,136.18</span></span></span></p>
</td>
<td style="border-bottom:1px solid black; border-left:none; border-right:1px solid black; border-top:none; vertical-align:top">
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Georgia","serif"">1,264.67</span></span></span></p>
</td>
<td style="border-bottom:1px solid black; border-left:none; border-right:1px solid black; border-top:none; vertical-align:top">
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Georgia","serif"">-10.16</span></span></span></p>
</td>
</tr>
<tr>
<td style="border-bottom:1px solid black; border-left:1px solid black; border-right:1px solid black; border-top:none; vertical-align:top">
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Georgia","serif"">Jyoti </span></span></span></p>
</td>
<td style="border-bottom:1px solid black; border-left:none; border-right:1px solid black; border-top:none; vertical-align:top">
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Georgia","serif"">246.5</span></span></span></p>
</td>
<td style="border-bottom:1px solid black; border-left:none; border-right:1px solid black; border-top:none; vertical-align:top">
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Georgia","serif"">301.81</span></span></span></p>
</td>
<td style="border-bottom:1px solid black; border-left:none; border-right:1px solid black; border-top:none; vertical-align:top">
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Georgia","serif"">-18.33</span></span></span></p>
</td>
</tr>
<tr>
<td style="border-bottom:1px solid black; border-left:1px solid black; border-right:1px solid black; border-top:none; vertical-align:top">
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><strong><span style="font-family:"Georgia","serif"">Total</span></strong></span></span></p>
</td>
<td style="border-bottom:1px solid black; border-left:none; border-right:1px solid black; border-top:none; vertical-align:top">
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><strong><span style="font-family:"Georgia","serif"">5,556.87</span></strong></span></span></p>
</td>
<td style="border-bottom:1px solid black; border-left:none; border-right:1px solid black; border-top:none; vertical-align:top">
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><strong><span style="font-family:"Georgia","serif"">5,079.75</span></strong></span></span></p>
</td>
<td style="border-bottom:1px solid black; border-left:none; border-right:1px solid black; border-top:none; vertical-align:top">
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><strong><span style="font-family:"Georgia","serif"">9.39</span></strong></span></span></p>
</td>
</tr>
</tbody>
</table>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Georgia","serif""> Sources: Respective development banks</span></span></span></p>
<p> </p>
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'title' => 'National Level Development Banks Report 9.39% Surge in Net Profit ',
'sub_title' => 'The eight banks collectively earned approximately Rs 5.55 billion in net profit during the period, up from Rs 5.07 billion in FY 2022/23.',
'summary' => 'National level development banks in Nepal have reported a 9.39% increase in their net profit for the fiscal year 2023/24.',
'content' => '<p><span style="font-size:18px">NewBiz Report</span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><strong><span style="font-family:"Georgia","serif"">KATHMANDU, August 5</span></strong></span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Georgia","serif"">National level development banks in Nepal have reported a 9.39% increase in their net profit for the fiscal year 2023/24.</span></span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Georgia","serif"">The eight banks collectively earned around Rs 5.55 billion in net profit in the review period, compared to Rs 5.07 billion in the previous fiscal year, 2022/23.</span></span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Georgia","serif"">Among the eight development banks, five—Shangri-la Development Bank, Kamana Sewa Development Bank, Mahalaxmi Development Bank, Lumbini Development Bank, and Muktinath Development Bank—saw an increase in net profit, while three such banks including Shine Resunga Development Bank, Garima Development Bank, and Jyoti Development Bank reported a decline inprofits, according to the unaudited financial reports released on Monday.</span></span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Georgia","serif"">Muktinath Development Bank recorded the highest net profit of approximately Rs 1.27 billion, while Jyoti Development Bank reported the lowest at around Rs 246.5 million.</span></span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Georgia","serif"">The Shangri-la Development Bank and Jyoti Development Bank reported the highest increase and decrease in net profit, respectively.</span></span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Georgia","serif"">The table below shows the net profit of the national level development banks for fiscal years 2023/24 and 2022/23.</span></span></span></p>
<p> </p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><strong><span style="font-family:"Georgia","serif"">Net profit of the national level development banks</span></strong></span></span></p>
<p> </p>
<table cellspacing="0" style="border-collapse:collapse">
<tbody>
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<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><strong><span style="font-family:"Georgia","serif"">Banks</span></strong></span></span></p>
</td>
<td style="border-bottom:1px solid black; border-left:none; border-right:1px solid black; border-top:1px solid black; height:77px; vertical-align:top">
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><strong><span style="font-family:"Georgia","serif"">Net profit in FY 2023/24 </span></strong></span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><strong><span style="font-family:"Georgia","serif"">(in Rs million)</span></strong></span></span></p>
</td>
<td style="border-bottom:1px solid black; border-left:none; border-right:1px solid black; border-top:1px solid black; height:77px; vertical-align:top">
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><strong><span style="font-family:"Georgia","serif"">Net profit in FY 2022/23 </span></strong></span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><strong><span style="font-family:"Georgia","serif"">(in Rs million)</span></strong></span></span></p>
</td>
<td style="border-bottom:1px solid black; border-left:none; border-right:1px solid black; border-top:1px solid black; height:77px; vertical-align:top">
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><strong><span style="font-family:"Georgia","serif"">Changes (%)</span></strong></span></span></p>
</td>
</tr>
<tr>
<td style="border-bottom:1px solid black; border-left:1px solid black; border-right:1px solid black; border-top:none; vertical-align:top">
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Georgia","serif"">Shangri-la</span></span></span></p>
</td>
<td style="border-bottom:1px solid black; border-left:none; border-right:1px solid black; border-top:none; vertical-align:top">
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Georgia","serif"">520.47</span></span></span></p>
</td>
<td style="border-bottom:1px solid black; border-left:none; border-right:1px solid black; border-top:none; vertical-align:top">
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Georgia","serif"">270.41</span></span></span></p>
</td>
<td style="border-bottom:1px solid black; border-left:none; border-right:1px solid black; border-top:none; vertical-align:top">
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Georgia","serif"">92.47</span></span></span></p>
</td>
</tr>
<tr>
<td style="border-bottom:1px solid black; border-left:1px solid black; border-right:1px solid black; border-top:none; vertical-align:top">
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Georgia","serif"">Kamana Sewa</span></span></span></p>
</td>
<td style="border-bottom:1px solid black; border-left:none; border-right:1px solid black; border-top:none; vertical-align:top">
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Georgia","serif"">603.21</span></span></span></p>
</td>
<td style="border-bottom:1px solid black; border-left:none; border-right:1px solid black; border-top:none; vertical-align:top">
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Georgia","serif"">361.36</span></span></span></p>
</td>
<td style="border-bottom:1px solid black; border-left:none; border-right:1px solid black; border-top:none; vertical-align:top">
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Georgia","serif"">66.93</span></span></span></p>
</td>
</tr>
<tr>
<td style="border-bottom:1px solid black; border-left:1px solid black; border-right:1px solid black; border-top:none; vertical-align:top">
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Georgia","serif"">Mahalaxmi</span></span></span></p>
</td>
<td style="border-bottom:1px solid black; border-left:none; border-right:1px solid black; border-top:none; vertical-align:top">
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Georgia","serif"">470.14</span></span></span></p>
</td>
<td style="border-bottom:1px solid black; border-left:none; border-right:1px solid black; border-top:none; vertical-align:top">
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Georgia","serif"">377.55</span></span></span></p>
</td>
<td style="border-bottom:1px solid black; border-left:none; border-right:1px solid black; border-top:none; vertical-align:top">
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Georgia","serif"">24.52</span></span></span></p>
</td>
</tr>
<tr>
<td style="border-bottom:1px solid black; border-left:1px solid black; border-right:1px solid black; border-top:none; vertical-align:top">
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Georgia","serif"">Lumbini </span></span></span></p>
</td>
<td style="border-bottom:1px solid black; border-left:none; border-right:1px solid black; border-top:none; vertical-align:top">
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Georgia","serif"">603.78</span></span></span></p>
</td>
<td style="border-bottom:1px solid black; border-left:none; border-right:1px solid black; border-top:none; vertical-align:top">
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Georgia","serif"">497.67</span></span></span></p>
</td>
<td style="border-bottom:1px solid black; border-left:none; border-right:1px solid black; border-top:none; vertical-align:top">
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Georgia","serif"">21.32</span></span></span></p>
</td>
</tr>
<tr>
<td style="border-bottom:1px solid black; border-left:1px solid black; border-right:1px solid black; border-top:none; vertical-align:top">
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Georgia","serif"">Muktinath </span></span></span></p>
</td>
<td style="border-bottom:1px solid black; border-left:none; border-right:1px solid black; border-top:none; vertical-align:top">
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Georgia","serif"">1,279.13</span></span></span></p>
</td>
<td style="border-bottom:1px solid black; border-left:none; border-right:1px solid black; border-top:none; vertical-align:top">
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Georgia","serif"">1,248.22</span></span></span></p>
</td>
<td style="border-bottom:1px solid black; border-left:none; border-right:1px solid black; border-top:none; vertical-align:top">
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Georgia","serif"">2.48</span></span></span></p>
</td>
</tr>
<tr>
<td style="border-bottom:1px solid black; border-left:1px solid black; border-right:1px solid black; border-top:none; vertical-align:top">
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Georgia","serif"">Shine Resunga</span></span></span></p>
</td>
<td style="border-bottom:1px solid black; border-left:none; border-right:1px solid black; border-top:none; vertical-align:top">
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Georgia","serif"">697.44</span></span></span></p>
</td>
<td style="border-bottom:1px solid black; border-left:none; border-right:1px solid black; border-top:none; vertical-align:top">
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Georgia","serif"">758.02</span></span></span></p>
</td>
<td style="border-bottom:1px solid black; border-left:none; border-right:1px solid black; border-top:none; vertical-align:top">
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Georgia","serif"">-7.99</span></span></span></p>
</td>
</tr>
<tr>
<td style="border-bottom:1px solid black; border-left:1px solid black; border-right:1px solid black; border-top:none; vertical-align:top">
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Georgia","serif"">Garima</span></span></span></p>
</td>
<td style="border-bottom:1px solid black; border-left:none; border-right:1px solid black; border-top:none; vertical-align:top">
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Georgia","serif"">1,136.18</span></span></span></p>
</td>
<td style="border-bottom:1px solid black; border-left:none; border-right:1px solid black; border-top:none; vertical-align:top">
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Georgia","serif"">1,264.67</span></span></span></p>
</td>
<td style="border-bottom:1px solid black; border-left:none; border-right:1px solid black; border-top:none; vertical-align:top">
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Georgia","serif"">-10.16</span></span></span></p>
</td>
</tr>
<tr>
<td style="border-bottom:1px solid black; border-left:1px solid black; border-right:1px solid black; border-top:none; vertical-align:top">
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Georgia","serif"">Jyoti </span></span></span></p>
</td>
<td style="border-bottom:1px solid black; border-left:none; border-right:1px solid black; border-top:none; vertical-align:top">
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Georgia","serif"">246.5</span></span></span></p>
</td>
<td style="border-bottom:1px solid black; border-left:none; border-right:1px solid black; border-top:none; vertical-align:top">
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Georgia","serif"">301.81</span></span></span></p>
</td>
<td style="border-bottom:1px solid black; border-left:none; border-right:1px solid black; border-top:none; vertical-align:top">
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Georgia","serif"">-18.33</span></span></span></p>
</td>
</tr>
<tr>
<td style="border-bottom:1px solid black; border-left:1px solid black; border-right:1px solid black; border-top:none; vertical-align:top">
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><strong><span style="font-family:"Georgia","serif"">Total</span></strong></span></span></p>
</td>
<td style="border-bottom:1px solid black; border-left:none; border-right:1px solid black; border-top:none; vertical-align:top">
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><strong><span style="font-family:"Georgia","serif"">5,556.87</span></strong></span></span></p>
</td>
<td style="border-bottom:1px solid black; border-left:none; border-right:1px solid black; border-top:none; vertical-align:top">
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><strong><span style="font-family:"Georgia","serif"">5,079.75</span></strong></span></span></p>
</td>
<td style="border-bottom:1px solid black; border-left:none; border-right:1px solid black; border-top:none; vertical-align:top">
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><strong><span style="font-family:"Georgia","serif"">9.39</span></strong></span></span></p>
</td>
</tr>
</tbody>
</table>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Georgia","serif""> Sources: Respective development banks</span></span></span></p>
<p> </p>
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National Level Development Banks Report 9.39% Surge in Net Profit
The eight banks collectively earned approximately Rs 5.55 billion in net profit during the period, up from Rs 5.07 billion in FY 2022/23.
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'title' => 'National Level Development Banks Report 9.39% Surge in Net Profit ',
'sub_title' => 'The eight banks collectively earned approximately Rs 5.55 billion in net profit during the period, up from Rs 5.07 billion in FY 2022/23.',
'summary' => 'National level development banks in Nepal have reported a 9.39% increase in their net profit for the fiscal year 2023/24.',
'content' => '<p><span style="font-size:18px">NewBiz Report</span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><strong><span style="font-family:"Georgia","serif"">KATHMANDU, August 5</span></strong></span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Georgia","serif"">National level development banks in Nepal have reported a 9.39% increase in their net profit for the fiscal year 2023/24.</span></span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Georgia","serif"">The eight banks collectively earned around Rs 5.55 billion in net profit in the review period, compared to Rs 5.07 billion in the previous fiscal year, 2022/23.</span></span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Georgia","serif"">Among the eight development banks, five—Shangri-la Development Bank, Kamana Sewa Development Bank, Mahalaxmi Development Bank, Lumbini Development Bank, and Muktinath Development Bank—saw an increase in net profit, while three such banks including Shine Resunga Development Bank, Garima Development Bank, and Jyoti Development Bank reported a decline inprofits, according to the unaudited financial reports released on Monday.</span></span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Georgia","serif"">Muktinath Development Bank recorded the highest net profit of approximately Rs 1.27 billion, while Jyoti Development Bank reported the lowest at around Rs 246.5 million.</span></span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Georgia","serif"">The Shangri-la Development Bank and Jyoti Development Bank reported the highest increase and decrease in net profit, respectively.</span></span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Georgia","serif"">The table below shows the net profit of the national level development banks for fiscal years 2023/24 and 2022/23.</span></span></span></p>
<p> </p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><strong><span style="font-family:"Georgia","serif"">Net profit of the national level development banks</span></strong></span></span></p>
<p> </p>
<table cellspacing="0" style="border-collapse:collapse">
<tbody>
<tr>
<td style="border-bottom:1px solid black; border-left:1px solid black; border-right:1px solid black; border-top:1px solid black; height:77px; vertical-align:top">
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><strong><span style="font-family:"Georgia","serif"">Banks</span></strong></span></span></p>
</td>
<td style="border-bottom:1px solid black; border-left:none; border-right:1px solid black; border-top:1px solid black; height:77px; vertical-align:top">
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><strong><span style="font-family:"Georgia","serif"">Net profit in FY 2023/24 </span></strong></span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><strong><span style="font-family:"Georgia","serif"">(in Rs million)</span></strong></span></span></p>
</td>
<td style="border-bottom:1px solid black; border-left:none; border-right:1px solid black; border-top:1px solid black; height:77px; vertical-align:top">
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><strong><span style="font-family:"Georgia","serif"">Net profit in FY 2022/23 </span></strong></span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><strong><span style="font-family:"Georgia","serif"">(in Rs million)</span></strong></span></span></p>
</td>
<td style="border-bottom:1px solid black; border-left:none; border-right:1px solid black; border-top:1px solid black; height:77px; vertical-align:top">
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><strong><span style="font-family:"Georgia","serif"">Changes (%)</span></strong></span></span></p>
</td>
</tr>
<tr>
<td style="border-bottom:1px solid black; border-left:1px solid black; border-right:1px solid black; border-top:none; vertical-align:top">
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Georgia","serif"">Shangri-la</span></span></span></p>
</td>
<td style="border-bottom:1px solid black; border-left:none; border-right:1px solid black; border-top:none; vertical-align:top">
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Georgia","serif"">520.47</span></span></span></p>
</td>
<td style="border-bottom:1px solid black; border-left:none; border-right:1px solid black; border-top:none; vertical-align:top">
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Georgia","serif"">270.41</span></span></span></p>
</td>
<td style="border-bottom:1px solid black; border-left:none; border-right:1px solid black; border-top:none; vertical-align:top">
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Georgia","serif"">92.47</span></span></span></p>
</td>
</tr>
<tr>
<td style="border-bottom:1px solid black; border-left:1px solid black; border-right:1px solid black; border-top:none; vertical-align:top">
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Georgia","serif"">Kamana Sewa</span></span></span></p>
</td>
<td style="border-bottom:1px solid black; border-left:none; border-right:1px solid black; border-top:none; vertical-align:top">
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Georgia","serif"">603.21</span></span></span></p>
</td>
<td style="border-bottom:1px solid black; border-left:none; border-right:1px solid black; border-top:none; vertical-align:top">
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Georgia","serif"">361.36</span></span></span></p>
</td>
<td style="border-bottom:1px solid black; border-left:none; border-right:1px solid black; border-top:none; vertical-align:top">
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Georgia","serif"">66.93</span></span></span></p>
</td>
</tr>
<tr>
<td style="border-bottom:1px solid black; border-left:1px solid black; border-right:1px solid black; border-top:none; vertical-align:top">
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Georgia","serif"">Mahalaxmi</span></span></span></p>
</td>
<td style="border-bottom:1px solid black; border-left:none; border-right:1px solid black; border-top:none; vertical-align:top">
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Georgia","serif"">470.14</span></span></span></p>
</td>
<td style="border-bottom:1px solid black; border-left:none; border-right:1px solid black; border-top:none; vertical-align:top">
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Georgia","serif"">377.55</span></span></span></p>
</td>
<td style="border-bottom:1px solid black; border-left:none; border-right:1px solid black; border-top:none; vertical-align:top">
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Georgia","serif"">24.52</span></span></span></p>
</td>
</tr>
<tr>
<td style="border-bottom:1px solid black; border-left:1px solid black; border-right:1px solid black; border-top:none; vertical-align:top">
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Georgia","serif"">Lumbini </span></span></span></p>
</td>
<td style="border-bottom:1px solid black; border-left:none; border-right:1px solid black; border-top:none; vertical-align:top">
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Georgia","serif"">603.78</span></span></span></p>
</td>
<td style="border-bottom:1px solid black; border-left:none; border-right:1px solid black; border-top:none; vertical-align:top">
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Georgia","serif"">497.67</span></span></span></p>
</td>
<td style="border-bottom:1px solid black; border-left:none; border-right:1px solid black; border-top:none; vertical-align:top">
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Georgia","serif"">21.32</span></span></span></p>
</td>
</tr>
<tr>
<td style="border-bottom:1px solid black; border-left:1px solid black; border-right:1px solid black; border-top:none; vertical-align:top">
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Georgia","serif"">Muktinath </span></span></span></p>
</td>
<td style="border-bottom:1px solid black; border-left:none; border-right:1px solid black; border-top:none; vertical-align:top">
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Georgia","serif"">1,279.13</span></span></span></p>
</td>
<td style="border-bottom:1px solid black; border-left:none; border-right:1px solid black; border-top:none; vertical-align:top">
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Georgia","serif"">1,248.22</span></span></span></p>
</td>
<td style="border-bottom:1px solid black; border-left:none; border-right:1px solid black; border-top:none; vertical-align:top">
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Georgia","serif"">2.48</span></span></span></p>
</td>
</tr>
<tr>
<td style="border-bottom:1px solid black; border-left:1px solid black; border-right:1px solid black; border-top:none; vertical-align:top">
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Georgia","serif"">Shine Resunga</span></span></span></p>
</td>
<td style="border-bottom:1px solid black; border-left:none; border-right:1px solid black; border-top:none; vertical-align:top">
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Georgia","serif"">697.44</span></span></span></p>
</td>
<td style="border-bottom:1px solid black; border-left:none; border-right:1px solid black; border-top:none; vertical-align:top">
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Georgia","serif"">758.02</span></span></span></p>
</td>
<td style="border-bottom:1px solid black; border-left:none; border-right:1px solid black; border-top:none; vertical-align:top">
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Georgia","serif"">-7.99</span></span></span></p>
</td>
</tr>
<tr>
<td style="border-bottom:1px solid black; border-left:1px solid black; border-right:1px solid black; border-top:none; vertical-align:top">
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Georgia","serif"">Garima</span></span></span></p>
</td>
<td style="border-bottom:1px solid black; border-left:none; border-right:1px solid black; border-top:none; vertical-align:top">
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Georgia","serif"">1,136.18</span></span></span></p>
</td>
<td style="border-bottom:1px solid black; border-left:none; border-right:1px solid black; border-top:none; vertical-align:top">
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Georgia","serif"">1,264.67</span></span></span></p>
</td>
<td style="border-bottom:1px solid black; border-left:none; border-right:1px solid black; border-top:none; vertical-align:top">
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Georgia","serif"">-10.16</span></span></span></p>
</td>
</tr>
<tr>
<td style="border-bottom:1px solid black; border-left:1px solid black; border-right:1px solid black; border-top:none; vertical-align:top">
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Georgia","serif"">Jyoti </span></span></span></p>
</td>
<td style="border-bottom:1px solid black; border-left:none; border-right:1px solid black; border-top:none; vertical-align:top">
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Georgia","serif"">246.5</span></span></span></p>
</td>
<td style="border-bottom:1px solid black; border-left:none; border-right:1px solid black; border-top:none; vertical-align:top">
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Georgia","serif"">301.81</span></span></span></p>
</td>
<td style="border-bottom:1px solid black; border-left:none; border-right:1px solid black; border-top:none; vertical-align:top">
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Georgia","serif"">-18.33</span></span></span></p>
</td>
</tr>
<tr>
<td style="border-bottom:1px solid black; border-left:1px solid black; border-right:1px solid black; border-top:none; vertical-align:top">
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><strong><span style="font-family:"Georgia","serif"">Total</span></strong></span></span></p>
</td>
<td style="border-bottom:1px solid black; border-left:none; border-right:1px solid black; border-top:none; vertical-align:top">
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><strong><span style="font-family:"Georgia","serif"">5,556.87</span></strong></span></span></p>
</td>
<td style="border-bottom:1px solid black; border-left:none; border-right:1px solid black; border-top:none; vertical-align:top">
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><strong><span style="font-family:"Georgia","serif"">5,079.75</span></strong></span></span></p>
</td>
<td style="border-bottom:1px solid black; border-left:none; border-right:1px solid black; border-top:none; vertical-align:top">
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><strong><span style="font-family:"Georgia","serif"">9.39</span></strong></span></span></p>
</td>
</tr>
</tbody>
</table>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Georgia","serif""> Sources: Respective development banks</span></span></span></p>
<p> </p>
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'title' => 'National Level Development Banks Report 9.39% Surge in Net Profit ',
'sub_title' => 'The eight banks collectively earned approximately Rs 5.55 billion in net profit during the period, up from Rs 5.07 billion in FY 2022/23.',
'summary' => 'National level development banks in Nepal have reported a 9.39% increase in their net profit for the fiscal year 2023/24.',
'content' => '<p><span style="font-size:18px">NewBiz Report</span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><strong><span style="font-family:"Georgia","serif"">KATHMANDU, August 5</span></strong></span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Georgia","serif"">National level development banks in Nepal have reported a 9.39% increase in their net profit for the fiscal year 2023/24.</span></span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Georgia","serif"">The eight banks collectively earned around Rs 5.55 billion in net profit in the review period, compared to Rs 5.07 billion in the previous fiscal year, 2022/23.</span></span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Georgia","serif"">Among the eight development banks, five—Shangri-la Development Bank, Kamana Sewa Development Bank, Mahalaxmi Development Bank, Lumbini Development Bank, and Muktinath Development Bank—saw an increase in net profit, while three such banks including Shine Resunga Development Bank, Garima Development Bank, and Jyoti Development Bank reported a decline inprofits, according to the unaudited financial reports released on Monday.</span></span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Georgia","serif"">Muktinath Development Bank recorded the highest net profit of approximately Rs 1.27 billion, while Jyoti Development Bank reported the lowest at around Rs 246.5 million.</span></span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Georgia","serif"">The Shangri-la Development Bank and Jyoti Development Bank reported the highest increase and decrease in net profit, respectively.</span></span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Georgia","serif"">The table below shows the net profit of the national level development banks for fiscal years 2023/24 and 2022/23.</span></span></span></p>
<p> </p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><strong><span style="font-family:"Georgia","serif"">Net profit of the national level development banks</span></strong></span></span></p>
<p> </p>
<table cellspacing="0" style="border-collapse:collapse">
<tbody>
<tr>
<td style="border-bottom:1px solid black; border-left:1px solid black; border-right:1px solid black; border-top:1px solid black; height:77px; vertical-align:top">
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><strong><span style="font-family:"Georgia","serif"">Banks</span></strong></span></span></p>
</td>
<td style="border-bottom:1px solid black; border-left:none; border-right:1px solid black; border-top:1px solid black; height:77px; vertical-align:top">
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><strong><span style="font-family:"Georgia","serif"">Net profit in FY 2023/24 </span></strong></span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><strong><span style="font-family:"Georgia","serif"">(in Rs million)</span></strong></span></span></p>
</td>
<td style="border-bottom:1px solid black; border-left:none; border-right:1px solid black; border-top:1px solid black; height:77px; vertical-align:top">
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><strong><span style="font-family:"Georgia","serif"">Net profit in FY 2022/23 </span></strong></span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><strong><span style="font-family:"Georgia","serif"">(in Rs million)</span></strong></span></span></p>
</td>
<td style="border-bottom:1px solid black; border-left:none; border-right:1px solid black; border-top:1px solid black; height:77px; vertical-align:top">
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><strong><span style="font-family:"Georgia","serif"">Changes (%)</span></strong></span></span></p>
</td>
</tr>
<tr>
<td style="border-bottom:1px solid black; border-left:1px solid black; border-right:1px solid black; border-top:none; vertical-align:top">
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Georgia","serif"">Shangri-la</span></span></span></p>
</td>
<td style="border-bottom:1px solid black; border-left:none; border-right:1px solid black; border-top:none; vertical-align:top">
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Georgia","serif"">520.47</span></span></span></p>
</td>
<td style="border-bottom:1px solid black; border-left:none; border-right:1px solid black; border-top:none; vertical-align:top">
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Georgia","serif"">270.41</span></span></span></p>
</td>
<td style="border-bottom:1px solid black; border-left:none; border-right:1px solid black; border-top:none; vertical-align:top">
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Georgia","serif"">92.47</span></span></span></p>
</td>
</tr>
<tr>
<td style="border-bottom:1px solid black; border-left:1px solid black; border-right:1px solid black; border-top:none; vertical-align:top">
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Georgia","serif"">Kamana Sewa</span></span></span></p>
</td>
<td style="border-bottom:1px solid black; border-left:none; border-right:1px solid black; border-top:none; vertical-align:top">
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Georgia","serif"">603.21</span></span></span></p>
</td>
<td style="border-bottom:1px solid black; border-left:none; border-right:1px solid black; border-top:none; vertical-align:top">
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Georgia","serif"">361.36</span></span></span></p>
</td>
<td style="border-bottom:1px solid black; border-left:none; border-right:1px solid black; border-top:none; vertical-align:top">
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Georgia","serif"">66.93</span></span></span></p>
</td>
</tr>
<tr>
<td style="border-bottom:1px solid black; border-left:1px solid black; border-right:1px solid black; border-top:none; vertical-align:top">
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Georgia","serif"">Mahalaxmi</span></span></span></p>
</td>
<td style="border-bottom:1px solid black; border-left:none; border-right:1px solid black; border-top:none; vertical-align:top">
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Georgia","serif"">470.14</span></span></span></p>
</td>
<td style="border-bottom:1px solid black; border-left:none; border-right:1px solid black; border-top:none; vertical-align:top">
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Georgia","serif"">377.55</span></span></span></p>
</td>
<td style="border-bottom:1px solid black; border-left:none; border-right:1px solid black; border-top:none; vertical-align:top">
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Georgia","serif"">24.52</span></span></span></p>
</td>
</tr>
<tr>
<td style="border-bottom:1px solid black; border-left:1px solid black; border-right:1px solid black; border-top:none; vertical-align:top">
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Georgia","serif"">Lumbini </span></span></span></p>
</td>
<td style="border-bottom:1px solid black; border-left:none; border-right:1px solid black; border-top:none; vertical-align:top">
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Georgia","serif"">603.78</span></span></span></p>
</td>
<td style="border-bottom:1px solid black; border-left:none; border-right:1px solid black; border-top:none; vertical-align:top">
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Georgia","serif"">497.67</span></span></span></p>
</td>
<td style="border-bottom:1px solid black; border-left:none; border-right:1px solid black; border-top:none; vertical-align:top">
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Georgia","serif"">21.32</span></span></span></p>
</td>
</tr>
<tr>
<td style="border-bottom:1px solid black; border-left:1px solid black; border-right:1px solid black; border-top:none; vertical-align:top">
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Georgia","serif"">Muktinath </span></span></span></p>
</td>
<td style="border-bottom:1px solid black; border-left:none; border-right:1px solid black; border-top:none; vertical-align:top">
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Georgia","serif"">1,279.13</span></span></span></p>
</td>
<td style="border-bottom:1px solid black; border-left:none; border-right:1px solid black; border-top:none; vertical-align:top">
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Georgia","serif"">1,248.22</span></span></span></p>
</td>
<td style="border-bottom:1px solid black; border-left:none; border-right:1px solid black; border-top:none; vertical-align:top">
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Georgia","serif"">2.48</span></span></span></p>
</td>
</tr>
<tr>
<td style="border-bottom:1px solid black; border-left:1px solid black; border-right:1px solid black; border-top:none; vertical-align:top">
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Georgia","serif"">Shine Resunga</span></span></span></p>
</td>
<td style="border-bottom:1px solid black; border-left:none; border-right:1px solid black; border-top:none; vertical-align:top">
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Georgia","serif"">697.44</span></span></span></p>
</td>
<td style="border-bottom:1px solid black; border-left:none; border-right:1px solid black; border-top:none; vertical-align:top">
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Georgia","serif"">758.02</span></span></span></p>
</td>
<td style="border-bottom:1px solid black; border-left:none; border-right:1px solid black; border-top:none; vertical-align:top">
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Georgia","serif"">-7.99</span></span></span></p>
</td>
</tr>
<tr>
<td style="border-bottom:1px solid black; border-left:1px solid black; border-right:1px solid black; border-top:none; vertical-align:top">
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Georgia","serif"">Garima</span></span></span></p>
</td>
<td style="border-bottom:1px solid black; border-left:none; border-right:1px solid black; border-top:none; vertical-align:top">
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Georgia","serif"">1,136.18</span></span></span></p>
</td>
<td style="border-bottom:1px solid black; border-left:none; border-right:1px solid black; border-top:none; vertical-align:top">
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Georgia","serif"">1,264.67</span></span></span></p>
</td>
<td style="border-bottom:1px solid black; border-left:none; border-right:1px solid black; border-top:none; vertical-align:top">
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Georgia","serif"">-10.16</span></span></span></p>
</td>
</tr>
<tr>
<td style="border-bottom:1px solid black; border-left:1px solid black; border-right:1px solid black; border-top:none; vertical-align:top">
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Georgia","serif"">Jyoti </span></span></span></p>
</td>
<td style="border-bottom:1px solid black; border-left:none; border-right:1px solid black; border-top:none; vertical-align:top">
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Georgia","serif"">246.5</span></span></span></p>
</td>
<td style="border-bottom:1px solid black; border-left:none; border-right:1px solid black; border-top:none; vertical-align:top">
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Georgia","serif"">301.81</span></span></span></p>
</td>
<td style="border-bottom:1px solid black; border-left:none; border-right:1px solid black; border-top:none; vertical-align:top">
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Georgia","serif"">-18.33</span></span></span></p>
</td>
</tr>
<tr>
<td style="border-bottom:1px solid black; border-left:1px solid black; border-right:1px solid black; border-top:none; vertical-align:top">
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><strong><span style="font-family:"Georgia","serif"">Total</span></strong></span></span></p>
</td>
<td style="border-bottom:1px solid black; border-left:none; border-right:1px solid black; border-top:none; vertical-align:top">
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><strong><span style="font-family:"Georgia","serif"">5,556.87</span></strong></span></span></p>
</td>
<td style="border-bottom:1px solid black; border-left:none; border-right:1px solid black; border-top:none; vertical-align:top">
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><strong><span style="font-family:"Georgia","serif"">5,079.75</span></strong></span></span></p>
</td>
<td style="border-bottom:1px solid black; border-left:none; border-right:1px solid black; border-top:none; vertical-align:top">
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><strong><span style="font-family:"Georgia","serif"">9.39</span></strong></span></span></p>
</td>
</tr>
</tbody>
</table>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Georgia","serif""> Sources: Respective development banks</span></span></span></p>
<p> </p>
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NewBiz Report
KATHMANDU, August 5
National level development banks in Nepal have reported a 9.39% increase in their net profit for the fiscal year 2023/24.
The eight banks collectively earned around Rs 5.55 billion in net profit in the review period, compared to Rs 5.07 billion in the previous fiscal year, 2022/23.
Among the eight development banks, five—Shangri-la Development Bank, Kamana Sewa Development Bank, Mahalaxmi Development Bank, Lumbini Development Bank, and Muktinath Development Bank—saw an increase in net profit, while three such banks including Shine Resunga Development Bank, Garima Development Bank, and Jyoti Development Bank reported a decline inprofits, according to the unaudited financial reports released on Monday.
Muktinath Development Bank recorded the highest net profit of approximately Rs 1.27 billion, while Jyoti Development Bank reported the lowest at around Rs 246.5 million.
The Shangri-la Development Bank and Jyoti Development Bank reported the highest increase and decrease in net profit, respectively.
The table below shows the net profit of the national level development banks for fiscal years 2023/24 and 2022/23.
Net profit of the national level development banks
Banks
Net profit in FY 2023/24
(in Rs million)
Net profit in FY 2022/23
(in Rs million)
Changes (%)
Shangri-la
520.47
270.41
92.47
Kamana Sewa
603.21
361.36
66.93
Mahalaxmi
470.14
377.55
24.52
Lumbini
603.78
497.67
21.32
Muktinath
1,279.13
1,248.22
2.48
Shine Resunga
697.44
758.02
-7.99
Garima
1,136.18
1,264.67
-10.16
Jyoti
246.5
301.81
-18.33
Total
5,556.87
5,079.75
9.39
Sources: Respective development banks
2024-08-13 19:35:38
2024-08-13 19:31:31
2024-08-13 15:20:37
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