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Nepal Rastra Bank Faces Net Loss

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April 27: Nepal Rastra Bank faced a net loss of Rs 7.50 billion in the last fiscal year. Despite the fact that the central bank is a non profit organisation, it had earned net profit for four consecutive years.

The bank faced a loss of Rs 22.83 billion in foreign exchange revaluation and Rs 3.87 billion in gold transaction in the last FY.

The net loss went down to Rs 7 billion after the bank adjusted the loss with profit earned from investment in internal market, according to the report published by the bank.

According to the statistics of the bank, the net income of NRB stood at Rs 23.17 billion in the FY 2012/13 while it went down to Rs 12.7 billion in the FY 2014/15. The bank had earned Rs 37.76 billion profit in the FY 2015/16 but faced net loss of Rs 7 billion in the FY 2016/17.

The main objective of the central bank is to stabilize the price level, exchange rate and financial system.

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