Muktinath Bikas Bank profit jumps 7.5 Times

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Rabindra Bhattrai
Rabindra Bhattarai is a respected finance expert, widely known for his contributions to Nepal’s capital market through research, and authorship on stock market investment and financial...
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Muktinath Bikas Bank has achieved remarkable financial growth in the fiscal year 2081/82. The bank’s distributable profit increased 7.5 times, reaching NPR 1.46 billion, compared to NPR 194.7 million in the previous fiscal year 2080/81.

During this period, the bank’s total profit grew by 30%, earning NPR 1.53 billion by the end of Ashad, up from NPR 1.17 billion last year. Improved efficiency in operational charges contributed to this profit growth. Earnings per share (EPS) stood at NPR 21.82, reflecting the bank’s strong financial health.

Muktinath Bikas Bank also improved its loan management, keeping non-performing loans at 2.75%, a figure considered excellent compared to other banks. Deposits increased by 6.99% to NPR 11.7 billion, while loans expanded by 6.10% to NPR 9.751 billion. Through deposit collection and lending, the bank earned NPR 455 million in net interest income.

The bank’s paid-up capital is NPR 700.4 million, with reserves amounting to NPR 347 million, highlighting its long-term stability and reliability.

With strong financial performance, improved loan management, and continuous growth in deposits and lending, Muktinath Bikas Bank has established itself as a nationally recognized commercial bank, strengthening its position in Nepal’s financial sector.

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Rabindra Bhattarai is a respected finance expert, widely known for his contributions to Nepal’s capital market through research, and authorship on stock market investment and financial management.
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