It has been decided to provide the remaining 42 billion rupees to the government after the bank's net profit is deposited in various funds as per the law.
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Nepal Rastra Bank earned a net profit of about 20.5 billion rupees in the fiscal year 2081/82. During that period, net income before foreign exchange and other asset revaluation gains/losses increased by 9.11 percent compared to the previous fiscal year to 80.48 billion 26.50 million rupees.
In the fiscal year 2080/81, such net income was 73 billion 762.3 million 21 thousand rupees. This is stated in the annual report for the fiscal year submitted by Governor Bishwanath Poudel to Finance Minister Rameshwor Khanal on Sunday.
The Rastra Bank is going to give 42 billion rupees to the government from the aforementioned profit. It has been decided to provide the remaining 42 billion rupees to the government after allocating the amount required to be kept in various funds as per the law from the bank's net profit.
'The Board of Directors has decided to allocate the necessary amount to be allocated in various funds from the bank's net profit and provide the remaining 42 billion rupees to the Government of Nepal,' the Rastra Bank said.
The amount that the bank will provide to the government is 5 billion more than the previous fiscal year. In the fiscal year 2080/81, the bank provided 37 billion 22 billion rupees to the government.
In the fiscal year 2081/82, the total net operating income of the National Bank reached Rs. 88 billion 467.480 million. This is an increase of 10.25 percent compared to the previous fiscal year. ‘In the net operating income of the fiscal year 2081/82, the share of net interest income was 98.69 percent, other operating income was 1.41 percent and income from foreign exchange purchase and sale was negative by 0.10 percent,’ the National Bank said. ‘During that period, net interest income increased by 10.08 percent compared to the previous fiscal year to reach Rs. 87 billion 309.708 million.’
Similarly, other income was Rs. 1 billion 246.829 million. Income from foreign exchange purchase and sale was negative by 89 million 57 thousand, according to the annual report of the National Bank.
The excess liquidity accumulated in the banks and financial system has reduced the profit of the National Bank. When there is excess liquidity in the financial system, the NRB has to spend money to manage it, which affects the NRB's net profit. According to which, last year the nation spent about 9 billion rupees on liquidity management. Liquidity has not decreased in the current fiscal year. For this reason, this year too, the bank will have to spend more money on liquidity management than last year.
