Kathmandu. The profitability of national level development banks has improved.

According to the financial report published by the banks for the fiscal year 2083/84, the profit of eight national level development banks increased by 113.23 percent to Rs 1.67 billion. Such profit was Rs 78.34 crore in the same period of the last fiscal year.

Lumbini Bikas Bank is the first bank to make a profit till the end of October. The bank has earned a profit of Rs 32.71 crore till the end of October. In the same period of the last fiscal year, it was negative of Rs 34.85 crore.

Similarly, Muktinath Bikas Bank’s net profit increased by 43.44 percent to Rs 32.24 crore.

Garima Bikas Bank’s net profit declined by 4.17 percent to Rs 24.11 crore. Kamana Sewa Bikas Bank’s profit increased by 16.99 percent to Rs 23.11 crore.

Jyoti Bikas Bank’s net profit increased by 184.58 per cent to Rs 20.01 crore. Shine Resunga Development Bank’s net profit declined by 2.66 per cent to Rs 19.76 crore.

Mahalaxmi Bikas Bank’s net profit increased by 21.48 percent to Rs 118.46 crore and Shangrila Development Bank’s profit decreased by 62.06 percent to Rs 33.41 million.