Borrowers Benefit as Mahalaxmi Bikas Bank Lowers Base Rate, Records 33% Profit Growth

Mahalaxmi Bikas Bank has released its financial report for the second quarter of fiscal year 2081/82, revealing a base rate of 7.48% and a cost of funds at 5.29%. This marks a significant reduction compared to the base rate of 9.39% and cost of funds of 7.03% at the end of fiscal year 2080/81. The lower base rate will enable borrowers to access loans at reduced interest rates. Furthermore, the bank's capital adequacy ratio stood at 14.99% as of Poush 2081/82, a slight increase from 14.93% at the end of the previous fiscal year, meeting Nepal Rastra Bank’s requirements.

The bank also recorded strong financial growth, achieving a 33% increase in net profit. Net profit rose from NPR 37.75 crores in fiscal year 2079/80 to NPR 50.03 crores in 2080/81. Earnings per share (EPS) reached NPR 12, and the return on equity (ROE) was 7.42%. These positive developments reflect improved financial indicators, which are expected to benefit both customers and investors. The combination of reduced base rates and robust performance highlights the bank's commitment to providing value and competitive services to its stakeholders.