आधिकारिक सूचनाFinancial Analysis6 Aug, 2026

ज्योति विकास बैंकको चौथो त्रैमासिक वित्तीय विवरणJyoti Bikash Bank Fourth Quarter Unaudited Financial Results

वर्ग:: Financial Analysis
प्रकाशित मिति:: Published on August 6, 2026
जारीकर्ता:: NEPSE Trading
पढ्ने समय:: 7 मिनेट

Statement of Financial Position

As at Ashad End 2083 (2083/03/32) of the Fiscal Year 2082/83

Amount in NPR

Particulars Group This Quarter Ending (Ashad End 2083) Group Previous Year Ending (Ashad End 2082) Bank This Quarter Ending (Ashad End 2083) Bank Previous Year Ending (Ashad End 2082)

Assets
Cash and Cash Equivalents	2,241,081,414	3,045,906,002	2,241,081,414	3,045,906,002
Due from Nepal Rastra Bank	2,697,806,848	2,561,867,201	2,697,806,848	2,561,867,201
Placement with Bank and Financial Institutions	4,694,725,000	-	4,694,725,000	-
Derivative Financial Instruments.	-	-	-	-
Other Trading Assets	111,943,997	122,938,745	-	-
Loans and Advances to BFIs	2,300,892,984	3,199,319,220	2,300,892,984	3,199,319,220
Loans and Advances to Customers	49,563,391,172	45,224,581,930	49,583,993,197	45,235,051,253
Investment Securities	12,182,192,882	12,833,788,825	12,182,192,882	12,833,788,825
Current Tax Assets	165,257,605	-	161,236,952	-
Investment in Subsidiaries	-	-	153,000,000	153,000,000
Investment in Associates	-	-	-	-
Investment Property	937,638,692	1,032,462,517	937,638,692	1,032,462,517
Property and Equipment	1,608,910,473	1,667,594,682	1,592,563,097	1,648,546,080
Goodwill and Intangible Assets	9,291,222	14,929,618	8,915,815	14,427,764
Deferred Tax Assets	391,897,770	340,105,273	387,439,707	337,299,850
Other Assets	978,258,527	828,412,465	969,564,261	824,996,751
Total Assets	77,883,288,588	70,871,906,478	77,911,050,849	70,886,665,463
Liabilities
Due to Bank and Financial Institutions	566,925,959	1,355,832,046	566,925,959	1,355,832,046
Due to Nepal Rastra Bank	-	-	-	-
Derivative Financial Instruments	-	-	-	-
Deposits from Customers	67,117,153,987	60,367,823,155	67,229,291,963	60,482,530,192
Borrowings	-	-	-	-
Current Tax Liabilities	-	16,257,207	-	18,174,781
Provisions	-	-	-	-
Deferred Tax Liabilities	-	-	-	-
Other Liabilities	1,125,997,805	934,865,675	1,105,140,643	910,291,348
Debt Securities Issued	1,494,138,352	1,493,243,158	1,494,138,352	1,493,243,158
Subordinated Liabilities	-	-	-	-
Total Liabilities	70,304,216,103	64,168,021,240	70,395,496,917	64,260,071,525
Equity
Share Capital	4,395,785,886	4,395,785,886	4,395,785,886	4,395,785,886
Share Premium	-	-	-	-
Retained Earnings	147,170,810	(986,654,430)	144,364,296	(999,495,264)
Reserves	2,977,346,653	3,232,246,143	2,975,403,750	3,230,303,316
Total Equity Attributable to Equity Holders	7,520,303,349	6,641,377,599	7,515,553,931	6,626,593,938
Non Controlling Interest	58,769,135	62,507,639	-	-
Total Equity	7,579,072,485	6,703,885,238	7,515,553,931	6,626,593,938
Total Liabilities and Equity	77,883,288,588	70,871,906,478	77,911,050,849	70,886,665,463

Details about the Distributable Profit

(As per NRB Regulation)

Amount in NPR
Net profit or (loss) as per statement of profit or loss As of Ashad End 2083:	1,005,952,993	100,020,456
Appropriations:	(215,814,445)	(232,519,262)
a. General reserve	(201,190,599)	(20,004,091)
b. Foreign exchange fluctuation fund	(5,730,805)	(2,211,654)
c. Capital redemption reserve	-	(214,285,714)
d. Corporate social responsibility fund	(15,089,295)	(1,000,205)
e. Employees' training fund	-	-
f. Other	6,196,254	4,982,402
Profit or (loss) before regulatory adjustment	790,138,548	(132,498,806)
Regulatory adjustment :	353,721,012	(203,564,884)
a. Interest receivable (-)/previous accrued interest received (+)	196,181,067	188,540,622
b. Short loan loss provision in accounts (-)/reversal (+)	-	-
c. Short provision for possible losses on investment (-)/reversal (+)	-	-
d. Short loan loss provision on Non Banking Assets (-)/resversal (+)	47,193,818	(77,608,723)
e. Deferred tax assets recognised (-)/ reversal (+)	90,370,093	(284,437,700)
f. Goodwill recognised (-)/ Impairment of Goodwill (+)	-	-
g. Bargain purchase gain recognised (-)/resversal (+)	-	-
h. Actuarial loss recognised (-)/reversal (+)	-	(3,838,981)
i. Fair value reserve	-	-
j. Other (+/-)	19,976,033	(24,220,102)
Distributable profit or (loss)	1,143,859,560	(336,063,690)
Opening Retained Earnings	(999,495,264)	(663,431,574)
Adjustment(+/-)	-	-
Distribution	-	-
Bonus Share Issued	-	-
Cash Dividend Paid	-	-
Total Distributable Profit or(Loss) on Quater End Date	144,364,296	(999,495,264)
धितोपत्र दर्ता तथा निष्कासन नियमावली, २०६६ १४	२६	(१)

१. वित्तीय विवरणहरू

(क) आर्थिक वर्ष २०८२/८३ को चौथो त्रैमासिक अवधिको वित्तीय विवरण, नाफा नोक्सान सम्बन्धी विवरण यसै साथ प्रकाशित गरिएको छ।

(ख) सम्बन्धित पक्षहरुको विवरण

विवरण ज्योति क्यापिटल लि.

ज्योति क्यापिटल लि. ले ज्योति विकास बैंकमा राखेको मुद्दती निक्षेप रु. ११०,०००,०००

ज्योति क्यापिटल लि. ले ज्योति विकास बैंकमा राखेको रकममा कमाएको ब्याज रु. ६,०७९,२८०

ज्योति क्यापिटल लि. ले ज्योति विकास बैंकबाट लिएको कर्जा रकम रु. २०,६०२,०२५

ज्योति क्यापिटल लि. ले ज्योति विकास बैंकलाई कर्जा रकममा भुक्तानी गरेको ब्याज रु. ८४४,०१९

ज्योति विकास बैंकले ज्योति क्यापिटल लि.मा गरेको लगानी रु. १५३,०००,०००

(ग) प्रमुख वित्तीय अनुपातहरू:

विवरण यस त्रैमास गत वर्षको यसै त्रैमास

प्रति शेयर आम्दानी (वार्षिकीकरण) रु.२२.८५ रु.२.२८

पी/ई रेशियो	१४.८२	१५४.५०
प्रति शेयर नेटवर्थ रु.	१७०.९७	१५०.७५
प्रति शेयर कुल सम्पत्तिको मूल्य रु.	१,७७२.४०	१,६१२.६१

तरलता अनुपात २९.६१% २६.५५%

२. व्यवस्थापकीय विश्लेषण

(क) त्रैमासिक अवधिमा संस्थाको मौज्दात, आम्दानी र तरलतामा कुनै परिवर्तन भएको भए सोको प्रमुख कारण सम्बन्धी विवरण :

यस त्रैमासिक अवधिसम्म आइपुग्दा नेपालको अर्थतन्त्र क्रमशः सुधारोन्मुख अवस्थामा रहेको देखिन्छ । नेपाल राष्ट्र बैंकले अवलम्बन गरेको सहज मौद्रिक नीतिका कारण बैंकिङ्ग प्रणालीमा पर्याप्त तरलता कायम रहनुका साथै ब्याजदरमा क्रमिक कमी आएको छ, जसले निजी क्षेत्रको लगानी तथा कर्जा मागलाई सकारात्मक पारिरहेको देखिन्छ । विप्रेषण (Remittance) आप्रवाहमा निरन्तर वृद्धि, विदेशी मुद्रा सञ्चिति सुदृढ रहनु तथा पर्यटन क्षेत्रको क्रमिक विस्तारले बाह्य क्षेत्रलाई थप सन्तुलित बनाएको देखिन्छ ।

समीक्षा अवधिमा, विकास बैंकको निक्षेप परिचालन र कर्जा लगानी दुवै सन्तोषजनक अवस्थामा रहेको छ । यस विकास बैंकले यस त्रैमासिक अवधि सम्ममा रु.१ अर्ब	५९	५२	९९३	११७	२	३५
Interest Income	1,442,653,973	5,133,344,491	1,349,617,236	5,734,691,858	1,444,734,678	5,135,795,928	1,349,660,462	5,734,798,010
Interest Expense	697,739,978	2,787,746,165	839,147,845	3,633,844,345	699,298,148	2,793,825,446	838,486,750	3,639,484,555
Net Interest Income	744,913,994	2,345,598,325	510,469,391	2,100,847,513	745,436,530	2,341,970,482	511,173,711	2,095,313,455
Fee and Commission Income	108,765,588	341,265,885	62,418,775	218,474,840	96,128,053	320,116,225	44,626,863	200,682,928
Fee and Commission Expense	16,079,745	41,131,051	12,316,220	42,944,712	12,524,477	34,891,850	11,464,479	37,745,080
Net Fee and Commission Income	92,685,843	300,134,834	50,102,555	175,530,129	83,603,576	285,224,376	33,162,384	162,937,848
Net Interest, Fee and Commission Income	837,599,837	2,645,733,159	560,571,946	2,276,377,642	829,040,106	2,627,194,858	544,336,095	2,258,251,304
Net Trading Income	10,704,383	66,732,709	16,244,969	66,373,411	10,704,383	66,732,709	16,244,969	66,373,411
Other Operating Income	779,724	116,858,624	51,228,341	166,720,537	8,328,495	119,639,034	58,783,330	146,020,095
Total Operating Income	849,083,945	2,829,324,493	628,045,255	2,509,471,589	848,072,984	2,813,566,602	619,364,394	2,470,644,810
Impairment Charge/ (Reversal) for Loans and Other Lossess	(419,732,659)	(301,233,645)	356,909,013	878,526,138	(419,732,659)	(301,233,645)	356,909,013	878,526,138
Net Operating Income	1,268,816,604	3,130,558,137	271,136,242	1,630,945,451	1,267,805,643	3,114,800,246	262,455,381	1,592,118,671
Operating Expense	377,328,184	1,336,801,439	314,988,057	1,218,022,474	373,075,824	1,321,049,947	310,595,273	1,202,297,321
Personnel Expenses	249,675,166	835,441,753	180,775,582	702,635,434	247,512,118	826,774,528	177,777,798	693,614,887
Other Operating Expenses	20,202,423	342,355,683	27,922,934	348,100,795	20,971,353	338,349,688	28,953,223	344,353,750
Depreciation & Amortisation	107,450,594	159,004,003	106,289,541	167,286,245	104,592,354	155,925,731	103,864,252	164,328,685
Operating Profit	891,488,421	1,793,756,698	(43,851,815)	412,922,977	894,729,819	1,793,750,299	(48,139,892)	389,821,350
Non Operating Income	-	(211,519)	-	55,674	(211,519)	-	-	55,674
Non Operating Expense	356,674,595	356,674,595	241,975,587	241,975,587	356,674,595	356,674,595	241,975,587	241,975,587
Profit Before Income Tax	534,602,307	1,437,082,103	(285,827,402)	171,003,064	537,843,705	1,437,075,704	(290,115,479)	147,901,437
Income Tax Expense	159,457,918	430,201,857	(84,142,416)	52,906,723	161,353,112	431,122,711	(83,524,093)	47,880,982
Current Tax	161,110,558	431,854,497	302,342,123	439,391,263	161,353,112	431,122,711	301,170,679	432,575,754
Deferred Tax	(1,652,640)	(1,652,640)	(386,484,539)	(386,484,539)	-	-	(384,694,772)	(384,694,772)
Profit/(Loss) for the Period	375,144,389	1,006,880,246	(201,684,985)	118,096,341	376,490,594	1,005,952,993	(206,591,386)	100,020,456
Profit Attributable to:
Equity-holders of the Bank	375,509,749	1,006,628,590	(203,017,099)	113,190,029	376,490,594	1,005,952,993	(206,591,386)	100,020,456
Non-controlling Interest	(365,360)	251,656	1,332,113	4,906,312	-	-	-	-
Profit for the Period	375,144,389	1,006,880,246	(201,684,985)	118,096,341	376,490,594	1,005,952,993	(206,591,386)	100,020,456
Earnings per Share
Basic Earnings per Share (Rs.) (Annualized)	-	22.91	-	2.69	-	22.88	-	2.28
Diluted Earnings per Share (Rs.) (Annualized)	-	22.91	-	2.69	-	22.88	-	2.28
Profit/(Loss) for the Period	375,144,389	1,006,880,246	(201,684,985)	118,096,341	376,490,594	1,005,952,993	(206,591,386)	100,020,456
Other Comprehensive Income, Net of Income Tax	(45,024,744)	(116,992,999)	155,854,133	233,933,171	(45,024,744)	(116,992,999)	155,854,133	233,933,171
Total Comprehensive Income for the Period	330,119,645	889,887,247	(45,830,853)	352,029,511	331,465,850	888,959,994	(50,737,253)	333,953,626
Total Comprehensive Income attributable to:
Equity-Holders of the Bank	330,485,005	889,635,591	(137,807,521)	256,478,644	331,465,850	888,959,994	(50,737,253)	333,953,626
Non-Controlling Interest	(365,360)	251,656	91,976,669	95,550,867	-	-	-	-
Total Comprehensive Income for the Period	330,119,645	889,887,247	(45,830,853)	352,029,511	331,465,850	888,959,994	(50,737,253)	333,953,626

Ratios as per NRB Directives

Capital Fund to RWA 14.05% 13.84% 14.05% 13.84%

Tier 1 Capital to RWA 9.57% 8.54% 9.57% 8.54%

CET 1 Capital to RWA 9.57% 8.54% 9.57% 8.54%

Non Performing Loan (NPL) to Total Loan 6.55% 7.75% 6.55% 7.75%

Net Non Performing Loan to Total Loan (Net NPL) 1.28% 1.45% 1.28% 1.45%

Total Loan Loss Provision to Total NPL 101.93% 99.69% 101.93% 99.69%

Cost of Funds 3.76% 4.99% 3.76% 4.99%

CD Ratio (Calculated as per NRB Circular) 81.07% 83.23% 81.07% 83.23%

Base Rate 5.89% 7.12% 5.89% 7.12%

Spread Rate 4.15% 3.96% 4.15% 3.96%

Average Yield (Local Currency) 7.81% 8.86% 7.81% 8.86%

Return on Equity (RoE) (Annualized) 13.39% 1.78% 13.38% 1.51%

Return on Assets (RoA) (Annualized) 1.29% 0.17% 1.29% 0.14%

Earning Per Share (Rs) (Annualized) 22.91 2.69 22.88 2.28

Notes:

1. Above financial statements are prepared in accordance with Nepal financial reporting standards (NFRSs) as per NRB Directive guidelines of Excepted Credit Loss (ECL) Model as required by NFRS 9. The Bank shall submit a separate ECL report to the Nepal Rastra Bank.

2. Previous period figure have been regrouped / rearranged wherever necessary as per NFRSs.

3. Loan and Advances includes Loan advances, interest receivables, staff loan presented net of impairment charges.

4. Personnel Expenses includes employment bonus provision calculated at 10 percent of profit after bonus.

5. Above figures are subject to change upon otherwise instructions of Statutory Auditor and/or Regulatory Authorities.

6. The detailed Financial Report has been published in the Bank's website: www.jbbl.com.np.

निजी क्षेत्रको कर्जा विस्तार अपेक्षित गतिमा हुन नसक्नु, निर्माण तथा रियल स्टेट क्षेत्रमा सुस्तता कायम रहनु तथा केही उद्योग-व्यवसायहरूको नगद प्रवाहमा देखिएको दबाबका कारण बैंकिङ्ग क्षेत्रमा कर्जा गुणस्तर (Asset Quality) सुधारको गति अझै चुनौतीपूर्ण रहेको देखिन्छ । यसका अतिरिक्त, अन्तर्राष्ट्रिय बजारमा कच्चा तेल लगायतका वस्तुहरूको मूल्यमा हुन सक्ने उतारचढाव, भूराजनीतिक तनाव तथा विश्व आर्थिक अनिश्चितताले आयात लागत, महँगी तथा समग्र आर्थिक गतिविधिमा प्रभाव पार्ने सम्भावना यथावत रहेको देखिन्छ ।

उल्लिखित परिस्थितिका बावजुद नेपाल सरकारले पूर्वाधार विकास, पूँजीगत खर्च वृद्धि तथा निजी क्षेत्रको लगानी प्रोत्साहनमा जोड दिएको तथा ब्याजदर अनुकूल रहनुले आगामी अवधिमा आर्थिक गतिविधि विस्तार हुने अपेक्षा गरिएको छ । यसले बैंकिङ्ग क्षेत्रमा कर्जा विस्तार, निक्षेप परिचालन तथा वित्तीय कारोबारमा क्रमिक सुधार ल्याउने सम्भावना रहेको छ ।

हालको परिप्रेक्ष्यमा आर्थिक संवेदनशीलतालाई ध्यानमा राख्दै कर्जा स्वीकृतिमा चुस्त जोखिम मूल्यांकन, क्षेत्रगत विविधिकरण र गुणस्तरीय कर्जातर्फ ध्यान केन्द्रित साथै तरलता व्यवस्थापन, कर्जा-निक्षेप सन्तुलन, जोखिममा आधारित कर्जा व्यवस्थापन, कर्जा असुली प्रक्रिया सुदृढीकरणमा बैंक व्यवस्थापन प्रतिबद्ध रहेको छ ।

समग्रमा, नयाँ गठन भएको सरकारको सम्भावित नीतिगत सुधारहरूले अर्थतन्त्रमा काही चुनौती कायम राखे पनि मध्यम् तथा दीर्घकालमा बैंकिङ्ग तथा वित्तीय क्षेत्रको स्थायित्व, कर्जा गुणस्तर सुधार तथा आर्थिक वृद्धिमा सकारात्मक प्रभाव पार्ने अपेक्षा गरिएको छ । साथै आम्दानी स्रोतहरूको विविधिकरण, सञ्चालन दक्षता अभिवृद्धि, मानव संसाधन क्षमताको विकास, प्रविधिमा आधारित सेवामा सुदृढीकरण तथा नियामक निकायको निर्देशनहरूको पूर्ण पालना गर्दै दीगो र सन्तुलित वित्तीय सेवामा केन्द्रित हुने व्यवस्थापनको योजना रहेको छ ।

(ग) विगतको अनुभवबाट, संगठित संस्थाको मौज्दात, नाफा वा नगद प्रवाहमा तात्विक असर पार्न सक्ने घटना, अवस्था अथवा बिन्दु सम्बन्धी व्यवस्थापकीय विवरण :

व्यवस्थापकीय विश्लेषण अन्तर्गत बुँदा (ख) मा उल्लेख गरिएको ।

३. कानूनी कारवाही सम्बन्धी विवरण

(क) त्रैमासिक अवधिमा संगठित संस्थाले वा संस्थाको विरुद्ध कुनै मुद्दा दायर भएको भए :

बैंकको कर्जा असुलीसम्बन्धी तथा दैनिक बैंकिङ्ग कार्य सञ्चालनको क्रममा हुने केही मुद्दाहरू बाहेकका अन्य मुद्दा नभएको र संगठित संस्थाले वा संस्थाको विरुद्ध कुनै मुद्दा चलेको जानकारी नभएको ।

(ख) संगठित संस्थाको संस्थापक वा संचालकले वा संस्थापक वा संचालकको विरुद्धमा प्रचलित नियमको अवज्ञा वा फौजदारी अपराध गरेको सम्बन्धमा कुनै मुद्दा दायर भएको वा भएको भए :

यस त्रैमासिक अवधिमा संस्थापक वा संचालक विरुद्ध कुनै मुद्दा दायर भएको जानकारीमा नआएको ।

(ग) कुनै संस्थापक वा संचालक विरुद्ध आर्थिक अपराध सम्बन्धमा कुनै मुद्दा दायर भएको भए :

यस सम्बन्धमा कुनै जानकारी प्राप्त नभएको ।

४. संगठित संस्थाको शेयर कारोबार सम्बन्धी विश्लेषण

(क) धितोपत्र बजारमा भएको संगठित संस्थाको शेयरको कारोबार सम्बन्धमा व्यवस्थापनको धारणा :

दोस्रो बजारमा हुने शेयर कारोबार शेयरको माग र आपूर्तिको सिद्धान्त र देशको समग्र आर्थिक स्थितिमा आधारित हुने भएकोले बैंकको यस सम्बन्धमा कुनै विशेष धारणा नभएको ।

(ख) त्रैमासिक अवधिको शेयरको अधिकतम, न्यूनतम, अन्तिम मूल्य, कारोबार भएको कुल दिन तथा कारोबार संख्या

अधिकतम मूल्य : रु. २४६.९० कारोबार भएको कुल दिन : ६४

न्यूनतम मूल्य : रु. २३७.८० कारोबार शेयर संख्या : ३,५०९,५५९ कित्ता शेयर

अन्तिम मूल्य : रु. २३९.००

५. समस्या तथा चुनौती

आन्तरिक

• कर्जा मागमा कमी

• निक्षेप कर्जा

• बैंकमा कार्यरत दक्ष जनशक्तिको पलायनबाट उत्पन्न हुन सक्ने सम्भावित जोखिम ।

• नवीनतम प्राविधिक प्रणालीहरूको कार्यान्वयनका क्रममा लाग्ने उच्च लागत तथा छोटो अवधिमा आवश्यक प्राविधिक विकाससँग सम्बन्धित चुनौतीहरू ।

• विभिन्न कारणबाट हुन सक्ने संचालन जोखिम ।

बाह्य

• व्यवसायिक विश्वासमा गिरावट

• नियमनकारी निकायबाट जारी गरिने नीति, निर्देशन तथा कानूनहरूमा हुने परिवर्तनले उत्पन्न हुन सक्ने सम्भावित जोखिमहरू ।

• कर्जाको मागमा आएको कमी, पूँजीगत बजेटमा हुन नसकेको बजेटको खर्च तथा सुस्त विकास निर्माणका कार्यहरू

• प्रविधिको विकाससँगै निम्त्याएको जोखिम ।

• वित्तीय सूचना प्रणालीमा सुरक्षासम्बन्धी जोखिममा आएको वृद्धि ।

रणनीति

• व्यवसायिक विविधिकरण, ग्राहक-केन्द्रित सेवामा जोड दिने ।

• निक्षेप कर्जाको मागमा कमी ल्याउन लक्षित रणनीतिहरूको योजना बनाउने र कार्यान्वयन गर्ने ।

• कर्मचारीहरूको वृत्ति विकासमा निरन्तर जोड दिने ।

• प्राविधिक विकाससँग सम्बन्धित चुनौतीहरूलाई कम गर्न लक्षित रणनीतिहरूको विकास र कार्यान्वयन ।

• आन्तरिक नियन्त्रण प्रणाली तथा जोखिम व्यवस्थापनलाई सुदृढीकरण गर्ने ।

• कर्जा जोखिम न्यूनीकरण तथा सम्पत्ति-दायित्व व्यवस्थापन गर्ने ।

• गैरब्याज आम्दानी तर्फको योगदान कायम राख्न व्यवसायका अन्य वैकल्पिक आयाम तथा व्यवसायिक क्षेत्रहरूको पहिचान गर्ने ।

६. संस्थागत सुशासन

संस्थागत सुशासन अभिवृद्धिका लागि व्यवस्थापनद्वारा चालिएका कदम सम्बन्धी विवरण :

शेयरधनी, निक्षेपकर्ता लगायत सरोकारवालाहरूको हित संरक्षण एवं संस्थागत सुशासन कायम राख्नका लागि बैंकको संचालक समिति, आन्तरिक लेखापरीक्षण समिति, जोखिम व्यवस्थापन समिति, कर्मचारी सेवा सुविधा समिति, AML/CFT समिति लगायत विभिन्न समितिहरू क्रियाशील रहेको, बैंक पदाधिकारी तथा कर्मचारीहरूका लागि आचार संहिता जारी गरिएको र बैंकको संस्थागत ढाँचा समेत सोही अनुरूप बनाई लागू गरिएको छ । साथै, नेपाल राष्ट्र बैंक तथा अन्य नियमनकारी निकायहरूद्वारा जारी गरिएका नीतिनिर्देशनहरू पूर्णरूपमा पालना गर्ने तर्फ यस विकास बैंक कटिबद्ध रहेको छ ।

७. सत्य, तथ्यता सम्बन्धमा कार्यकारी प्रमुखको उद्घोषण

आजका मितिसम्म यस प्रतिवेदनमा उल्लेखित जानकारी तथा विवरणहरूको शुद्धता सम्बन्धमा म व्यक्तिगत रुपमा उत्तरदायित्व लिन्छु । साथै म यो उद्घोष गर्दछु कि मैले जानेबुझेसम्म यस प्रतिवेदनमा उल्लेखित विवरणहरू सत्य, तथ्य र पूर्ण छन् र लगानीकर्ताहरूलाई सुसूचित निर्णय लिन आवश्यक कुनै विवरण, सूचना तथा जानकारीहरू लुकाइएको छैन ।

प्रमुख कार्यकारी अधिकृत

Statement of Financial Position

As at Ashad End 2083 (2083/03/32) of the Fiscal Year 2082/83

Amount in NPR

Particulars Group This Quarter Ending (Ashad End 2083) Group Previous Year Ending (Ashad End 2082) Bank This Quarter Ending (Ashad End 2083) Bank Previous Year Ending (Ashad End 2082)

Assets
Cash and Cash Equivalents	2,241,081,414	3,045,906,002	2,241,081,414	3,045,906,002
Due from Nepal Rastra Bank	2,697,806,848	2,561,867,201	2,697,806,848	2,561,867,201
Placement with Bank and Financial Institutions	4,694,725,000	-	4,694,725,000	-
Derivative Financial Instruments.	-	-	-	-
Other Trading Assets	111,943,997	122,938,745	-	-
Loans and Advances to BFIs	2,300,892,984	3,199,319,220	2,300,892,984	3,199,319,220
Loans and Advances to Customers	49,563,391,172	45,224,581,930	49,583,993,197	45,235,051,253
Investment Securities	12,182,192,882	12,833,788,825	12,182,192,882	12,833,788,825
Current Tax Assets	165,257,605	-	161,236,952	-
Investment in Subsidiaries	-	-	153,000,000	153,000,000
Investment in Associates	-	-	-	-
Investment Property	937,638,692	1,032,462,517	937,638,692	1,032,462,517
Property and Equipment	1,608,910,473	1,667,594,682	1,592,563,097	1,648,546,080
Goodwill and Intangible Assets	9,291,222	14,929,618	8,915,815	14,427,764
Deferred Tax Assets	391,897,770	340,105,273	387,439,707	337,299,850
Other Assets	978,258,527	828,412,465	969,564,261	824,996,751
Total Assets	77,883,288,588	70,871,906,478	77,911,050,849	70,886,665,463
Liabilities
Due to Bank and Financial Institutions	566,925,959	1,355,832,046	566,925,959	1,355,832,046
Due to Nepal Rastra Bank	-	-	-	-
Derivative Financial Instruments	-	-	-	-
Deposits from Customers	67,117,153,987	60,367,823,155	67,229,291,963	60,482,530,192
Borrowings	-	-	-	-
Current Tax Liabilities	-	16,257,207	-	18,174,781
Provisions	-	-	-	-
Deferred Tax Liabilities	-	-	-	-
Other Liabilities	1,125,997,805	934,865,675	1,105,140,643	910,291,348
Debt Securities Issued	1,494,138,352	1,493,243,158	1,494,138,352	1,493,243,158
Subordinated Liabilities	-	-	-	-
Total Liabilities	70,304,216,103	64,168,021,240	70,395,496,917	64,260,071,525
Equity
Share Capital	4,395,785,886	4,395,785,886	4,395,785,886	4,395,785,886
Share Premium	-	-	-	-
Retained Earnings	147,170,810	(986,654,430)	144,364,296	(999,495,264)
Reserves	2,977,346,653	3,232,246,143	2,975,403,750	3,230,303,316
Total Equity Attributable to Equity Holders	7,520,303,349	6,641,377,599	7,515,553,931	6,626,593,938
Non Controlling Interest	58,769,135	62,507,639	-	-
Total Equity	7,579,072,485	6,703,885,238	7,515,553,931	6,626,593,938
Total Liabilities and Equity	77,883,288,588	70,871,906,478	77,911,050,849	70,886,665,463

Details about the Distributable Profit

(As per NRB Regulation)

Amount in NPR
Net profit or (loss) as per statement of profit or loss As of Ashad End 2083:	1,005,952,993	100,020,456
Appropriations:	(215,814,445)	(232,519,262)
a. General reserve	(201,190,599)	(20,004,091)
b. Foreign exchange fluctuation fund	(5,730,805)	(2,211,654)
c. Capital redemption reserve	-	(214,285,714)
d. Corporate social responsibility fund	(15,089,295)	(1,000,205)
e. Employees' training fund	-	-
f. Other	6,196,254	4,982,402
Profit or (loss) before regulatory adjustment	790,138,548	(132,498,806)
Regulatory adjustment :	353,721,012	(203,564,884)
a. Interest receivable (-)/previous accrued interest received (+)	196,181,067	188,540,622
b. Short loan loss provision in accounts (-)/reversal (+)	-	-
c. Short provision for possible losses on investment (-)/reversal (+)	-	-
d. Short loan loss provision on Non Banking Assets (-)/resversal (+)	47,193,818	(77,608,723)
e. Deferred tax assets recognised (-)/ reversal (+)	90,370,093	(284,437,700)
f. Goodwill recognised (-)/ Impairment of Goodwill (+)	-	-
g. Bargain purchase gain recognised (-)/resversal (+)	-	-
h. Actuarial loss recognised (-)/reversal (+)	-	(3,838,981)
i. Fair value reserve	-	-
j. Other (+/-)	19,976,033	(24,220,102)
Distributable profit or (loss)	1,143,859,560	(336,063,690)
Opening Retained Earnings	(999,495,264)	(663,431,574)
Adjustment(+/-)	-	-
Distribution	-	-
Bonus Share Issued	-	-
Cash Dividend Paid	-	-
Total Distributable Profit or(Loss) on Quater End Date	144,364,296	(999,495,264)
Fourth Quarterly Report of FY 2082/83 Related to Sub-Rule (1)	26	14

1. Financial Statements

(a) The financial statements and profit & loss details for the fourth quarter of Fiscal Year 2082/83 are published herewith.

(b) Related Party Disclosure

Particulars Jyoti Capital Ltd.

Fixed Deposit maintained by Jyoti Capital Ltd. in Jyoti Bikash Bank Rs. ११०,०००,०००

Interest earned by Jyoti Capital Ltd. on deposit in Jyoti Bikash Bank Rs. ६,०७९,२८०

Loan amount taken by Jyoti Capital Ltd. from Jyoti Bikash Bank Rs. २०,६०२,०२५

Interest paid by Jyoti Capital Ltd. to Jyoti Bikash Bank on loan Rs. ८४४,०१९

Investment made by Jyoti Bikash Bank in Jyoti Capital Ltd. Rs. १५३,०००,०००

Particulars This Quarter Corresponding Previous Year Quarter
Earnings Per Share (Annualized) Rs.	२२.८५	२.२८
P/E Ratio	१४.८२	१५४.५०
Net Worth Per Share Rs.	१७०.९७	१५०.७५
Total Asset Value Per Share Rs.	१,७७२.४०	१,६१२.६१

Liquidity Ratio २९.६१% २६.५५%

2. Management Analysis

(a) Details regarding major reasons for any changes in the institution's balance, income, and liquidity during the quarter:

As of this quarterly period, the economy of Nepal appears to be gradually recovering. Due to the easy monetary policy adopted by Nepal Rastra Bank, adequate liquidity has been maintained in the banking system, along with a gradual decline in interest rates, which is seen to be positively impacting private sector investment and credit demand. Continuous increase in remittance inflows, strong foreign exchange reserves, and gradual expansion of the tourism sector have further balanced the external sector.

During the review period, both deposit mobilization and credit investment of the development bank remained satisfactory. Up to this quarterly period, this development bank has earned a net profit of Rs. १,५९,५२,९९३. Currently, this development bank has been providing customer-centric banking services and facilities through	117	2	35
Interest Income	1,442,653,973	5,133,344,491	1,349,617,236	5,734,691,858	1,444,734,678	5,135,795,928	1,349,660,462	5,734,798,010
Interest Expense	697,739,978	2,787,746,165	839,147,845	3,633,844,345	699,298,148	2,793,825,446	838,486,750	3,639,484,555
Net Interest Income	744,913,994	2,345,598,325	510,469,391	2,100,847,513	745,436,530	2,341,970,482	511,173,711	2,095,313,455
Fee and Commission Income	108,765,588	341,265,885	62,418,775	218,474,840	96,128,053	320,116,225	44,626,863	200,682,928
Fee and Commission Expense	16,079,745	41,131,051	12,316,220	42,944,712	12,524,477	34,891,850	11,464,479	37,745,080
Net Fee and Commission Income	92,685,843	300,134,834	50,102,555	175,530,129	83,603,576	285,224,376	33,162,384	162,937,848
Net Interest, Fee and Commission Income	837,599,837	2,645,733,159	560,571,946	2,276,377,642	829,040,106	2,627,194,858	544,336,095	2,258,251,304
Net Trading Income	10,704,383	66,732,709	16,244,969	66,373,411	10,704,383	66,732,709	16,244,969	66,373,411
Other Operating Income	779,724	116,858,624	51,228,341	166,720,537	8,328,495	119,639,034	58,783,330	146,020,095
Total Operating Income	849,083,945	2,829,324,493	628,045,255	2,509,471,589	848,072,984	2,813,566,602	619,364,394	2,470,644,810
Impairment Charge/ (Reversal) for Loans and Other Lossess	(419,732,659)	(301,233,645)	356,909,013	878,526,138	(419,732,659)	(301,233,645)	356,909,013	878,526,138
Net Operating Income	1,268,816,604	3,130,558,137	271,136,242	1,630,945,451	1,267,805,643	3,114,800,246	262,455,381	1,592,118,671
Operating Expense	377,328,184	1,336,801,439	314,988,057	1,218,022,474	373,075,824	1,321,049,947	310,595,273	1,202,297,321
Personnel Expenses	249,675,166	835,441,753	180,775,582	702,635,434	247,512,118	826,774,528	177,777,798	693,614,887
Other Operating Expenses	20,202,423	342,355,683	27,922,934	348,100,795	20,971,353	338,349,688	28,953,223	344,353,750
Depreciation & Amortisation	107,450,594	159,004,003	106,289,541	167,286,245	104,592,354	155,925,731	103,864,252	164,328,685
Operating Profit	891,488,421	1,793,756,698	(43,851,815)	412,922,977	894,729,819	1,793,750,299	(48,139,892)	389,821,350
Non Operating Income	-	(211,519)	-	55,674	(211,519)	-	-	55,674
Non Operating Expense	356,674,595	356,674,595	241,975,587	241,975,587	356,674,595	356,674,595	241,975,587	241,975,587
Profit Before Income Tax	534,602,307	1,437,082,103	(285,827,402)	171,003,064	537,843,705	1,437,075,704	(290,115,479)	147,901,437
Income Tax Expense	159,457,918	430,201,857	(84,142,416)	52,906,723	161,353,112	431,122,711	(83,524,093)	47,880,982
Current Tax	161,110,558	431,854,497	302,342,123	439,391,263	161,353,112	431,122,711	301,170,679	432,575,754
Deferred Tax	(1,652,640)	(1,652,640)	(386,484,539)	(386,484,539)	-	-	(384,694,772)	(384,694,772)
Profit/(Loss) for the Period	375,144,389	1,006,880,246	(201,684,985)	118,096,341	376,490,594	1,005,952,993	(206,591,386)	100,020,456
Profit Attributable to:
Equity-holders of the Bank	375,509,749	1,006,628,590	(203,017,099)	113,190,029	376,490,594	1,005,952,993	(206,591,386)	100,020,456
Non-controlling Interest	(365,360)	251,656	1,332,113	4,906,312	-	-	-	-
Profit for the Period	375,144,389	1,006,880,246	(201,684,985)	118,096,341	376,490,594	1,005,952,993	(206,591,386)	100,020,456
Earnings per Share
Basic Earnings per Share (Rs.) (Annualized)	-	22.91	-	2.69	-	22.88	-	2.28
Diluted Earnings per Share (Rs.) (Annualized)	-	22.91	-	2.69	-	22.88	-	2.28
Profit/(Loss) for the Period	375,144,389	1,006,880,246	(201,684,985)	118,096,341	376,490,594	1,005,952,993	(206,591,386)	100,020,456
Other Comprehensive Income, Net of Income Tax	(45,024,744)	(116,992,999)	155,854,133	233,933,171	(45,024,744)	(116,992,999)	155,854,133	233,933,171
Total Comprehensive Income for the Period	330,119,645	889,887,247	(45,830,853)	352,029,511	331,465,850	888,959,994	(50,737,253)	333,953,626
Total Comprehensive Income attributable to:
Equity-Holders of the Bank	330,485,005	889,635,591	(137,807,521)	256,478,644	331,465,850	888,959,994	(50,737,253)	333,953,626
Non-Controlling Interest	(365,360)	251,656	91,976,669	95,550,867	-	-	-	-
Total Comprehensive Income for the Period	330,119,645	889,887,247	(45,830,853)	352,029,511	331,465,850	888,959,994	(50,737,253)	333,953,626

Ratios as per NRB Directives

Capital Fund to RWA 14.05% 13.84% 14.05% 13.84%

Tier 1 Capital to RWA 9.57% 8.54% 9.57% 8.54%

CET 1 Capital to RWA 9.57% 8.54% 9.57% 8.54%

Non Performing Loan (NPL) to Total Loan 6.55% 7.75% 6.55% 7.75%

Net Non Performing Loan to Total Loan (Net NPL) 1.28% 1.45% 1.28% 1.45%

Total Loan Loss Provision to Total NPL 101.93% 99.69% 101.93% 99.69%

Cost of Funds 3.76% 4.99% 3.76% 4.99%

CD Ratio (Calculated as per NRB Circular) 81.07% 83.23% 81.07% 83.23%

Base Rate 5.89% 7.12% 5.89% 7.12%

Spread Rate 4.15% 3.96% 4.15% 3.96%

Average Yield (Local Currency) 7.81% 8.86% 7.81% 8.86%

Return on Equity (RoE) (Annualized) 13.39% 1.78% 13.38% 1.51%

Return on Assets (RoA) (Annualized) 1.29% 0.17% 1.29% 0.14%

Earning Per Share (Rs) (Annualized) 22.91 2.69 22.88 2.28

Notes:

2. Previous period figure have been regrouped / rearranged wherever necessary as per NFRSs.

3. Loan and Advances includes Loan advances, interest receivables, staff loan presented net of impairment charges.

4. Personnel Expenses includes employment bonus provision calculated at 10 percent of profit after bonus.

5. Above figures are subject to change upon otherwise instructions of Statutory Auditor and/or Regulatory Authorities.

6. The detailed Financial Report has been published in the Bank's website: www.jbbl.com.np.

Due to the inability of credit expansion in the private sector to move at the expected pace, sluggishness in the construction and real estate sectors, and pressure on cash flows of certain industries and businesses, improving Asset Quality in the banking sector remains challenging. Additionally, fluctuations in crude oil prices in international markets, geopolitical tensions, and global economic uncertainty continue to pose potential impacts on import costs, inflation, and overall economic activity.

Despite these circumstances, the Government of Nepal's emphasis on infrastructure development, capital expenditure growth, and encouragement of private sector investment, along with favorable interest rates, is expected to expand economic activities in the coming period. This is expected to bring gradual improvement in credit expansion, deposit mobilization, and financial operations in the banking sector.

In the current context, keeping economic sensitivities in mind, bank management remains committed to meticulous risk evaluation in credit approvals, sector diversification, focus on quality loans, liquidity management, credit-deposit balance, risk-based credit management, and strengthening recovery processes.

Overall, while potential policy reforms by the newly formed government may present some challenges to the economy, they are expected to have a positive impact on banking and financial sector stability, credit quality improvement, and economic growth in the medium to long term. Furthermore, management plans to focus on sustainable and balanced financial services by diversifying income sources, enhancing operational efficiency, developing human resource capabilities, strengthening technology-based services, and fully complying with regulatory guidelines.

(c) Management details regarding events, conditions or points that may have a material impact on the corporate entity's balances, profits or cash flows based on past experience:

Mentioned in point (b) under Management Analysis.

3. Details Regarding Legal Actions

(a) If any lawsuit has been filed by or against the corporate entity during the quarterly period:

No other lawsuits except some cases arising during loan recovery and routine banking operations, and no information regarding any pending lawsuit by or against the corporate entity.

(b) If any lawsuit has been filed regarding non-compliance with prevalent rules or criminal offenses by promoters or directors of the corporate entity:

No information regarding any lawsuit filed against promoters or directors during this quarterly period.

No information received in this regard.

4. Analysis Regarding Corporate Share Transactions

(a) Management's view regarding share trading of the corporate entity in the securities market:

As share trading in the secondary market depends on the principles of share demand and supply and the country's overall economic condition, the bank has no special opinion regarding this.

(b) Maximum, minimum, closing price, total trading days, and number of transactions during the quarterly period:

Maximum Price: Rs. 246.90 Total Trading Days: 64

Minimum Price: Rs. 237.80 Traded Share Volume: 3,509,559 shares

Closing Price: Rs. 239.00

5. Problems and Challenges

Internal

• Reduction in credit demand

• Deposit credit

• Potential risks arising from brain drain of skilled manpower working in the bank.

• High costs and short-term challenges related to technical development required during the implementation of innovative technical systems.

• Operational risk that may arise from various causes.

External

• Decline in business confidence

• Potential risks arising from changes in policies, directives, and laws issued by regulatory bodies.

• Decrease in loan demand, unspent capital budget, and slow development/construction works

• Risks brought along with technological developments.

• Increased security-related risks in financial information systems.

Strategy

• Focus on business diversification and customer-centric service.

• Plan and implement strategies targeted at mitigating the decline in deposit/credit demand.

• Continuously focus on employee career development.

• Development and implementation of targeted strategies to minimize challenges related to technological development.

• Strengthen internal control system and risk management.

• Mitigate credit risk and manage assets-liabilities.

• Identify other alternative dimensions and business areas to maintain the contribution of non-interest income.

6. Corporate Governance

Details of steps taken by management to enhance corporate governance:

In order to protect the interests of shareholders, depositors, and stakeholders and maintain corporate governance, various committees including the Board of Directors, Internal Audit Committee, Risk Management Committee, Employee Service & Facilities Committee, and AML/CFT Committee are active. Code of conduct has been issued for bank officials and employees, and the organizational structure of the bank has been aligned accordingly. Furthermore, this development bank remains committed to fully complying with policy directives issued by Nepal Rastra Bank and other regulatory authorities.

7. Declaration by the Chief Executive Officer Regarding Truthfulness and Accuracy

I personally assume responsibility for the accuracy of information and details mentioned in this report up to this date. Furthermore, I declare that to the best of my knowledge, the details mentioned in this report are true, factual, and complete, and no details, notices, or information necessary for investors to make informed decisions have been concealed.

NEPSE TRADING

5 Aug, 2026

आधिकारिक सूचनाFinancial Analysis6 Aug, 2026

ज्योति विकास बैंकको चौथो त्रैमासिक वित्तीय विवरणJyoti Bikash Bank Fourth Quarter Unaudited Financial Results

वर्ग:: Financial Analysis
प्रकाशित मिति:: Published on August 6, 2026
जारीकर्ता:: NEPSE Trading
पढ्ने समय:: 7 मिनेट

Statement of Financial Position

As at Ashad End 2083 (2083/03/32) of the Fiscal Year 2082/83

Amount in NPR

Particulars Group This Quarter Ending (Ashad End 2083) Group Previous Year Ending (Ashad End 2082) Bank This Quarter Ending (Ashad End 2083) Bank Previous Year Ending (Ashad End 2082)

Assets
Cash and Cash Equivalents	2,241,081,414	3,045,906,002	2,241,081,414	3,045,906,002
Due from Nepal Rastra Bank	2,697,806,848	2,561,867,201	2,697,806,848	2,561,867,201
Placement with Bank and Financial Institutions	4,694,725,000	-	4,694,725,000	-
Derivative Financial Instruments.	-	-	-	-
Other Trading Assets	111,943,997	122,938,745	-	-
Loans and Advances to BFIs	2,300,892,984	3,199,319,220	2,300,892,984	3,199,319,220
Loans and Advances to Customers	49,563,391,172	45,224,581,930	49,583,993,197	45,235,051,253
Investment Securities	12,182,192,882	12,833,788,825	12,182,192,882	12,833,788,825
Current Tax Assets	165,257,605	-	161,236,952	-
Investment in Subsidiaries	-	-	153,000,000	153,000,000
Investment in Associates	-	-	-	-
Investment Property	937,638,692	1,032,462,517	937,638,692	1,032,462,517
Property and Equipment	1,608,910,473	1,667,594,682	1,592,563,097	1,648,546,080
Goodwill and Intangible Assets	9,291,222	14,929,618	8,915,815	14,427,764
Deferred Tax Assets	391,897,770	340,105,273	387,439,707	337,299,850
Other Assets	978,258,527	828,412,465	969,564,261	824,996,751
Total Assets	77,883,288,588	70,871,906,478	77,911,050,849	70,886,665,463
Liabilities
Due to Bank and Financial Institutions	566,925,959	1,355,832,046	566,925,959	1,355,832,046
Due to Nepal Rastra Bank	-	-	-	-
Derivative Financial Instruments	-	-	-	-
Deposits from Customers	67,117,153,987	60,367,823,155	67,229,291,963	60,482,530,192
Borrowings	-	-	-	-
Current Tax Liabilities	-	16,257,207	-	18,174,781
Provisions	-	-	-	-
Deferred Tax Liabilities	-	-	-	-
Other Liabilities	1,125,997,805	934,865,675	1,105,140,643	910,291,348
Debt Securities Issued	1,494,138,352	1,493,243,158	1,494,138,352	1,493,243,158
Subordinated Liabilities	-	-	-	-
Total Liabilities	70,304,216,103	64,168,021,240	70,395,496,917	64,260,071,525
Equity
Share Capital	4,395,785,886	4,395,785,886	4,395,785,886	4,395,785,886
Share Premium	-	-	-	-
Retained Earnings	147,170,810	(986,654,430)	144,364,296	(999,495,264)
Reserves	2,977,346,653	3,232,246,143	2,975,403,750	3,230,303,316
Total Equity Attributable to Equity Holders	7,520,303,349	6,641,377,599	7,515,553,931	6,626,593,938
Non Controlling Interest	58,769,135	62,507,639	-	-
Total Equity	7,579,072,485	6,703,885,238	7,515,553,931	6,626,593,938
Total Liabilities and Equity	77,883,288,588	70,871,906,478	77,911,050,849	70,886,665,463

Details about the Distributable Profit

(As per NRB Regulation)

Amount in NPR
Net profit or (loss) as per statement of profit or loss As of Ashad End 2083:	1,005,952,993	100,020,456
Appropriations:	(215,814,445)	(232,519,262)
a. General reserve	(201,190,599)	(20,004,091)
b. Foreign exchange fluctuation fund	(5,730,805)	(2,211,654)
c. Capital redemption reserve	-	(214,285,714)
d. Corporate social responsibility fund	(15,089,295)	(1,000,205)
e. Employees' training fund	-	-
f. Other	6,196,254	4,982,402
Profit or (loss) before regulatory adjustment	790,138,548	(132,498,806)
Regulatory adjustment :	353,721,012	(203,564,884)
a. Interest receivable (-)/previous accrued interest received (+)	196,181,067	188,540,622
b. Short loan loss provision in accounts (-)/reversal (+)	-	-
c. Short provision for possible losses on investment (-)/reversal (+)	-	-
d. Short loan loss provision on Non Banking Assets (-)/resversal (+)	47,193,818	(77,608,723)
e. Deferred tax assets recognised (-)/ reversal (+)	90,370,093	(284,437,700)
f. Goodwill recognised (-)/ Impairment of Goodwill (+)	-	-
g. Bargain purchase gain recognised (-)/resversal (+)	-	-
h. Actuarial loss recognised (-)/reversal (+)	-	(3,838,981)
i. Fair value reserve	-	-
j. Other (+/-)	19,976,033	(24,220,102)
Distributable profit or (loss)	1,143,859,560	(336,063,690)
Opening Retained Earnings	(999,495,264)	(663,431,574)
Adjustment(+/-)	-	-
Distribution	-	-
Bonus Share Issued	-	-
Cash Dividend Paid	-	-
Total Distributable Profit or(Loss) on Quater End Date	144,364,296	(999,495,264)
धितोपत्र दर्ता तथा निष्कासन नियमावली, २०६६ १४	२६	(१)

१. वित्तीय विवरणहरू

(ख) सम्बन्धित पक्षहरुको विवरण

विवरण ज्योति क्यापिटल लि.

ज्योति क्यापिटल लि. ले ज्योति विकास बैंकबाट लिएको कर्जा रकम रु. २०,६०२,०२५

ज्योति विकास बैंकले ज्योति क्यापिटल लि.मा गरेको लगानी रु. १५३,०००,०००

(ग) प्रमुख वित्तीय अनुपातहरू:

विवरण यस त्रैमास गत वर्षको यसै त्रैमास

प्रति शेयर आम्दानी (वार्षिकीकरण) रु.२२.८५ रु.२.२८

पी/ई रेशियो	१४.८२	१५४.५०
प्रति शेयर नेटवर्थ रु.	१७०.९७	१५०.७५
प्रति शेयर कुल सम्पत्तिको मूल्य रु.	१,७७२.४०	१,६१२.६१

तरलता अनुपात २९.६१% २६.५५%

२. व्यवस्थापकीय विश्लेषण

समीक्षा अवधिमा, विकास बैंकको निक्षेप परिचालन र कर्जा लगानी दुवै सन्तोषजनक अवस्थामा रहेको छ । यस विकास बैंकले यस त्रैमासिक अवधि सम्ममा रु.१ अर्ब	५९	५२	९९३	११७	२	३५
Interest Income	1,442,653,973	5,133,344,491	1,349,617,236	5,734,691,858	1,444,734,678	5,135,795,928	1,349,660,462	5,734,798,010
Interest Expense	697,739,978	2,787,746,165	839,147,845	3,633,844,345	699,298,148	2,793,825,446	838,486,750	3,639,484,555
Net Interest Income	744,913,994	2,345,598,325	510,469,391	2,100,847,513	745,436,530	2,341,970,482	511,173,711	2,095,313,455
Fee and Commission Income	108,765,588	341,265,885	62,418,775	218,474,840	96,128,053	320,116,225	44,626,863	200,682,928
Fee and Commission Expense	16,079,745	41,131,051	12,316,220	42,944,712	12,524,477	34,891,850	11,464,479	37,745,080
Net Fee and Commission Income	92,685,843	300,134,834	50,102,555	175,530,129	83,603,576	285,224,376	33,162,384	162,937,848
Net Interest, Fee and Commission Income	837,599,837	2,645,733,159	560,571,946	2,276,377,642	829,040,106	2,627,194,858	544,336,095	2,258,251,304
Net Trading Income	10,704,383	66,732,709	16,244,969	66,373,411	10,704,383	66,732,709	16,244,969	66,373,411
Other Operating Income	779,724	116,858,624	51,228,341	166,720,537	8,328,495	119,639,034	58,783,330	146,020,095
Total Operating Income	849,083,945	2,829,324,493	628,045,255	2,509,471,589	848,072,984	2,813,566,602	619,364,394	2,470,644,810
Impairment Charge/ (Reversal) for Loans and Other Lossess	(419,732,659)	(301,233,645)	356,909,013	878,526,138	(419,732,659)	(301,233,645)	356,909,013	878,526,138
Net Operating Income	1,268,816,604	3,130,558,137	271,136,242	1,630,945,451	1,267,805,643	3,114,800,246	262,455,381	1,592,118,671
Operating Expense	377,328,184	1,336,801,439	314,988,057	1,218,022,474	373,075,824	1,321,049,947	310,595,273	1,202,297,321
Personnel Expenses	249,675,166	835,441,753	180,775,582	702,635,434	247,512,118	826,774,528	177,777,798	693,614,887
Other Operating Expenses	20,202,423	342,355,683	27,922,934	348,100,795	20,971,353	338,349,688	28,953,223	344,353,750
Depreciation & Amortisation	107,450,594	159,004,003	106,289,541	167,286,245	104,592,354	155,925,731	103,864,252	164,328,685
Operating Profit	891,488,421	1,793,756,698	(43,851,815)	412,922,977	894,729,819	1,793,750,299	(48,139,892)	389,821,350
Non Operating Income	-	(211,519)	-	55,674	(211,519)	-	-	55,674
Non Operating Expense	356,674,595	356,674,595	241,975,587	241,975,587	356,674,595	356,674,595	241,975,587	241,975,587
Profit Before Income Tax	534,602,307	1,437,082,103	(285,827,402)	171,003,064	537,843,705	1,437,075,704	(290,115,479)	147,901,437
Income Tax Expense	159,457,918	430,201,857	(84,142,416)	52,906,723	161,353,112	431,122,711	(83,524,093)	47,880,982
Current Tax	161,110,558	431,854,497	302,342,123	439,391,263	161,353,112	431,122,711	301,170,679	432,575,754
Deferred Tax	(1,652,640)	(1,652,640)	(386,484,539)	(386,484,539)	-	-	(384,694,772)	(384,694,772)
Profit/(Loss) for the Period	375,144,389	1,006,880,246	(201,684,985)	118,096,341	376,490,594	1,005,952,993	(206,591,386)	100,020,456
Profit Attributable to:
Equity-holders of the Bank	375,509,749	1,006,628,590	(203,017,099)	113,190,029	376,490,594	1,005,952,993	(206,591,386)	100,020,456
Non-controlling Interest	(365,360)	251,656	1,332,113	4,906,312	-	-	-	-
Profit for the Period	375,144,389	1,006,880,246	(201,684,985)	118,096,341	376,490,594	1,005,952,993	(206,591,386)	100,020,456
Earnings per Share
Basic Earnings per Share (Rs.) (Annualized)	-	22.91	-	2.69	-	22.88	-	2.28
Diluted Earnings per Share (Rs.) (Annualized)	-	22.91	-	2.69	-	22.88	-	2.28
Profit/(Loss) for the Period	375,144,389	1,006,880,246	(201,684,985)	118,096,341	376,490,594	1,005,952,993	(206,591,386)	100,020,456
Other Comprehensive Income, Net of Income Tax	(45,024,744)	(116,992,999)	155,854,133	233,933,171	(45,024,744)	(116,992,999)	155,854,133	233,933,171
Total Comprehensive Income for the Period	330,119,645	889,887,247	(45,830,853)	352,029,511	331,465,850	888,959,994	(50,737,253)	333,953,626
Total Comprehensive Income attributable to:
Equity-Holders of the Bank	330,485,005	889,635,591	(137,807,521)	256,478,644	331,465,850	888,959,994	(50,737,253)	333,953,626
Non-Controlling Interest	(365,360)	251,656	91,976,669	95,550,867	-	-	-	-
Total Comprehensive Income for the Period	330,119,645	889,887,247	(45,830,853)	352,029,511	331,465,850	888,959,994	(50,737,253)	333,953,626

Ratios as per NRB Directives

Capital Fund to RWA 14.05% 13.84% 14.05% 13.84%

Tier 1 Capital to RWA 9.57% 8.54% 9.57% 8.54%

CET 1 Capital to RWA 9.57% 8.54% 9.57% 8.54%

Non Performing Loan (NPL) to Total Loan 6.55% 7.75% 6.55% 7.75%

Net Non Performing Loan to Total Loan (Net NPL) 1.28% 1.45% 1.28% 1.45%

Total Loan Loss Provision to Total NPL 101.93% 99.69% 101.93% 99.69%

Cost of Funds 3.76% 4.99% 3.76% 4.99%

CD Ratio (Calculated as per NRB Circular) 81.07% 83.23% 81.07% 83.23%

Base Rate 5.89% 7.12% 5.89% 7.12%

Spread Rate 4.15% 3.96% 4.15% 3.96%

Average Yield (Local Currency) 7.81% 8.86% 7.81% 8.86%

Return on Equity (RoE) (Annualized) 13.39% 1.78% 13.38% 1.51%

Return on Assets (RoA) (Annualized) 1.29% 0.17% 1.29% 0.14%

Earning Per Share (Rs) (Annualized) 22.91 2.69 22.88 2.28

Notes:

2. Previous period figure have been regrouped / rearranged wherever necessary as per NFRSs.

3. Loan and Advances includes Loan advances, interest receivables, staff loan presented net of impairment charges.

4. Personnel Expenses includes employment bonus provision calculated at 10 percent of profit after bonus.

5. Above figures are subject to change upon otherwise instructions of Statutory Auditor and/or Regulatory Authorities.

6. The detailed Financial Report has been published in the Bank's website: www.jbbl.com.np.

व्यवस्थापकीय विश्लेषण अन्तर्गत बुँदा (ख) मा उल्लेख गरिएको ।

३. कानूनी कारवाही सम्बन्धी विवरण

यस सम्बन्धमा कुनै जानकारी प्राप्त नभएको ।

४. संगठित संस्थाको शेयर कारोबार सम्बन्धी विश्लेषण

अधिकतम मूल्य : रु. २४६.९० कारोबार भएको कुल दिन : ६४

न्यूनतम मूल्य : रु. २३७.८० कारोबार शेयर संख्या : ३,५०९,५५९ कित्ता शेयर

अन्तिम मूल्य : रु. २३९.००

५. समस्या तथा चुनौती

आन्तरिक

• कर्जा मागमा कमी

• निक्षेप कर्जा

• विभिन्न कारणबाट हुन सक्ने संचालन जोखिम ।

बाह्य

• व्यवसायिक विश्वासमा गिरावट

• प्रविधिको विकाससँगै निम्त्याएको जोखिम ।

• वित्तीय सूचना प्रणालीमा सुरक्षासम्बन्धी जोखिममा आएको वृद्धि ।

रणनीति

• व्यवसायिक विविधिकरण, ग्राहक-केन्द्रित सेवामा जोड दिने ।

• कर्मचारीहरूको वृत्ति विकासमा निरन्तर जोड दिने ।

• आन्तरिक नियन्त्रण प्रणाली तथा जोखिम व्यवस्थापनलाई सुदृढीकरण गर्ने ।

• कर्जा जोखिम न्यूनीकरण तथा सम्पत्ति-दायित्व व्यवस्थापन गर्ने ।

६. संस्थागत सुशासन

७. सत्य, तथ्यता सम्बन्धमा कार्यकारी प्रमुखको उद्घोषण

प्रमुख कार्यकारी अधिकृत

Statement of Financial Position

As at Ashad End 2083 (2083/03/32) of the Fiscal Year 2082/83

Amount in NPR

Particulars Group This Quarter Ending (Ashad End 2083) Group Previous Year Ending (Ashad End 2082) Bank This Quarter Ending (Ashad End 2083) Bank Previous Year Ending (Ashad End 2082)

Assets
Cash and Cash Equivalents	2,241,081,414	3,045,906,002	2,241,081,414	3,045,906,002
Due from Nepal Rastra Bank	2,697,806,848	2,561,867,201	2,697,806,848	2,561,867,201
Placement with Bank and Financial Institutions	4,694,725,000	-	4,694,725,000	-
Derivative Financial Instruments.	-	-	-	-
Other Trading Assets	111,943,997	122,938,745	-	-
Loans and Advances to BFIs	2,300,892,984	3,199,319,220	2,300,892,984	3,199,319,220
Loans and Advances to Customers	49,563,391,172	45,224,581,930	49,583,993,197	45,235,051,253
Investment Securities	12,182,192,882	12,833,788,825	12,182,192,882	12,833,788,825
Current Tax Assets	165,257,605	-	161,236,952	-
Investment in Subsidiaries	-	-	153,000,000	153,000,000
Investment in Associates	-	-	-	-
Investment Property	937,638,692	1,032,462,517	937,638,692	1,032,462,517
Property and Equipment	1,608,910,473	1,667,594,682	1,592,563,097	1,648,546,080
Goodwill and Intangible Assets	9,291,222	14,929,618	8,915,815	14,427,764
Deferred Tax Assets	391,897,770	340,105,273	387,439,707	337,299,850
Other Assets	978,258,527	828,412,465	969,564,261	824,996,751
Total Assets	77,883,288,588	70,871,906,478	77,911,050,849	70,886,665,463
Liabilities
Due to Bank and Financial Institutions	566,925,959	1,355,832,046	566,925,959	1,355,832,046
Due to Nepal Rastra Bank	-	-	-	-
Derivative Financial Instruments	-	-	-	-
Deposits from Customers	67,117,153,987	60,367,823,155	67,229,291,963	60,482,530,192
Borrowings	-	-	-	-
Current Tax Liabilities	-	16,257,207	-	18,174,781
Provisions	-	-	-	-
Deferred Tax Liabilities	-	-	-	-
Other Liabilities	1,125,997,805	934,865,675	1,105,140,643	910,291,348
Debt Securities Issued	1,494,138,352	1,493,243,158	1,494,138,352	1,493,243,158
Subordinated Liabilities	-	-	-	-
Total Liabilities	70,304,216,103	64,168,021,240	70,395,496,917	64,260,071,525
Equity
Share Capital	4,395,785,886	4,395,785,886	4,395,785,886	4,395,785,886
Share Premium	-	-	-	-
Retained Earnings	147,170,810	(986,654,430)	144,364,296	(999,495,264)
Reserves	2,977,346,653	3,232,246,143	2,975,403,750	3,230,303,316
Total Equity Attributable to Equity Holders	7,520,303,349	6,641,377,599	7,515,553,931	6,626,593,938
Non Controlling Interest	58,769,135	62,507,639	-	-
Total Equity	7,579,072,485	6,703,885,238	7,515,553,931	6,626,593,938
Total Liabilities and Equity	77,883,288,588	70,871,906,478	77,911,050,849	70,886,665,463

Details about the Distributable Profit

(As per NRB Regulation)

Amount in NPR
Net profit or (loss) as per statement of profit or loss As of Ashad End 2083:	1,005,952,993	100,020,456
Appropriations:	(215,814,445)	(232,519,262)
a. General reserve	(201,190,599)	(20,004,091)
b. Foreign exchange fluctuation fund	(5,730,805)	(2,211,654)
c. Capital redemption reserve	-	(214,285,714)
d. Corporate social responsibility fund	(15,089,295)	(1,000,205)
e. Employees' training fund	-	-
f. Other	6,196,254	4,982,402
Profit or (loss) before regulatory adjustment	790,138,548	(132,498,806)
Regulatory adjustment :	353,721,012	(203,564,884)
a. Interest receivable (-)/previous accrued interest received (+)	196,181,067	188,540,622
b. Short loan loss provision in accounts (-)/reversal (+)	-	-
c. Short provision for possible losses on investment (-)/reversal (+)	-	-
d. Short loan loss provision on Non Banking Assets (-)/resversal (+)	47,193,818	(77,608,723)
e. Deferred tax assets recognised (-)/ reversal (+)	90,370,093	(284,437,700)
f. Goodwill recognised (-)/ Impairment of Goodwill (+)	-	-
g. Bargain purchase gain recognised (-)/resversal (+)	-	-
h. Actuarial loss recognised (-)/reversal (+)	-	(3,838,981)
i. Fair value reserve	-	-
j. Other (+/-)	19,976,033	(24,220,102)
Distributable profit or (loss)	1,143,859,560	(336,063,690)
Opening Retained Earnings	(999,495,264)	(663,431,574)
Adjustment(+/-)	-	-
Distribution	-	-
Bonus Share Issued	-	-
Cash Dividend Paid	-	-
Total Distributable Profit or(Loss) on Quater End Date	144,364,296	(999,495,264)
Fourth Quarterly Report of FY 2082/83 Related to Sub-Rule (1)	26	14

1. Financial Statements

(a) The financial statements and profit & loss details for the fourth quarter of Fiscal Year 2082/83 are published herewith.

(b) Related Party Disclosure

Particulars Jyoti Capital Ltd.

Fixed Deposit maintained by Jyoti Capital Ltd. in Jyoti Bikash Bank Rs. ११०,०००,०००

Interest earned by Jyoti Capital Ltd. on deposit in Jyoti Bikash Bank Rs. ६,०७९,२८०

Loan amount taken by Jyoti Capital Ltd. from Jyoti Bikash Bank Rs. २०,६०२,०२५

Interest paid by Jyoti Capital Ltd. to Jyoti Bikash Bank on loan Rs. ८४४,०१९

Investment made by Jyoti Bikash Bank in Jyoti Capital Ltd. Rs. १५३,०००,०००

Particulars This Quarter Corresponding Previous Year Quarter
Earnings Per Share (Annualized) Rs.	२२.८५	२.२८
P/E Ratio	१४.८२	१५४.५०
Net Worth Per Share Rs.	१७०.९७	१५०.७५
Total Asset Value Per Share Rs.	१,७७२.४०	१,६१२.६१

Liquidity Ratio २९.६१% २६.५५%

2. Management Analysis

(a) Details regarding major reasons for any changes in the institution's balance, income, and liquidity during the quarter:

During the review period, both deposit mobilization and credit investment of the development bank remained satisfactory. Up to this quarterly period, this development bank has earned a net profit of Rs. १,५९,५२,९९३. Currently, this development bank has been providing customer-centric banking services and facilities through	117	2	35
Interest Income	1,442,653,973	5,133,344,491	1,349,617,236	5,734,691,858	1,444,734,678	5,135,795,928	1,349,660,462	5,734,798,010
Interest Expense	697,739,978	2,787,746,165	839,147,845	3,633,844,345	699,298,148	2,793,825,446	838,486,750	3,639,484,555
Net Interest Income	744,913,994	2,345,598,325	510,469,391	2,100,847,513	745,436,530	2,341,970,482	511,173,711	2,095,313,455
Fee and Commission Income	108,765,588	341,265,885	62,418,775	218,474,840	96,128,053	320,116,225	44,626,863	200,682,928
Fee and Commission Expense	16,079,745	41,131,051	12,316,220	42,944,712	12,524,477	34,891,850	11,464,479	37,745,080
Net Fee and Commission Income	92,685,843	300,134,834	50,102,555	175,530,129	83,603,576	285,224,376	33,162,384	162,937,848
Net Interest, Fee and Commission Income	837,599,837	2,645,733,159	560,571,946	2,276,377,642	829,040,106	2,627,194,858	544,336,095	2,258,251,304
Net Trading Income	10,704,383	66,732,709	16,244,969	66,373,411	10,704,383	66,732,709	16,244,969	66,373,411
Other Operating Income	779,724	116,858,624	51,228,341	166,720,537	8,328,495	119,639,034	58,783,330	146,020,095
Total Operating Income	849,083,945	2,829,324,493	628,045,255	2,509,471,589	848,072,984	2,813,566,602	619,364,394	2,470,644,810
Impairment Charge/ (Reversal) for Loans and Other Lossess	(419,732,659)	(301,233,645)	356,909,013	878,526,138	(419,732,659)	(301,233,645)	356,909,013	878,526,138
Net Operating Income	1,268,816,604	3,130,558,137	271,136,242	1,630,945,451	1,267,805,643	3,114,800,246	262,455,381	1,592,118,671
Operating Expense	377,328,184	1,336,801,439	314,988,057	1,218,022,474	373,075,824	1,321,049,947	310,595,273	1,202,297,321
Personnel Expenses	249,675,166	835,441,753	180,775,582	702,635,434	247,512,118	826,774,528	177,777,798	693,614,887
Other Operating Expenses	20,202,423	342,355,683	27,922,934	348,100,795	20,971,353	338,349,688	28,953,223	344,353,750
Depreciation & Amortisation	107,450,594	159,004,003	106,289,541	167,286,245	104,592,354	155,925,731	103,864,252	164,328,685
Operating Profit	891,488,421	1,793,756,698	(43,851,815)	412,922,977	894,729,819	1,793,750,299	(48,139,892)	389,821,350
Non Operating Income	-	(211,519)	-	55,674	(211,519)	-	-	55,674
Non Operating Expense	356,674,595	356,674,595	241,975,587	241,975,587	356,674,595	356,674,595	241,975,587	241,975,587
Profit Before Income Tax	534,602,307	1,437,082,103	(285,827,402)	171,003,064	537,843,705	1,437,075,704	(290,115,479)	147,901,437
Income Tax Expense	159,457,918	430,201,857	(84,142,416)	52,906,723	161,353,112	431,122,711	(83,524,093)	47,880,982
Current Tax	161,110,558	431,854,497	302,342,123	439,391,263	161,353,112	431,122,711	301,170,679	432,575,754
Deferred Tax	(1,652,640)	(1,652,640)	(386,484,539)	(386,484,539)	-	-	(384,694,772)	(384,694,772)
Profit/(Loss) for the Period	375,144,389	1,006,880,246	(201,684,985)	118,096,341	376,490,594	1,005,952,993	(206,591,386)	100,020,456
Profit Attributable to:
Equity-holders of the Bank	375,509,749	1,006,628,590	(203,017,099)	113,190,029	376,490,594	1,005,952,993	(206,591,386)	100,020,456
Non-controlling Interest	(365,360)	251,656	1,332,113	4,906,312	-	-	-	-
Profit for the Period	375,144,389	1,006,880,246	(201,684,985)	118,096,341	376,490,594	1,005,952,993	(206,591,386)	100,020,456
Earnings per Share
Basic Earnings per Share (Rs.) (Annualized)	-	22.91	-	2.69	-	22.88	-	2.28
Diluted Earnings per Share (Rs.) (Annualized)	-	22.91	-	2.69	-	22.88	-	2.28
Profit/(Loss) for the Period	375,144,389	1,006,880,246	(201,684,985)	118,096,341	376,490,594	1,005,952,993	(206,591,386)	100,020,456
Other Comprehensive Income, Net of Income Tax	(45,024,744)	(116,992,999)	155,854,133	233,933,171	(45,024,744)	(116,992,999)	155,854,133	233,933,171
Total Comprehensive Income for the Period	330,119,645	889,887,247	(45,830,853)	352,029,511	331,465,850	888,959,994	(50,737,253)	333,953,626
Total Comprehensive Income attributable to:
Equity-Holders of the Bank	330,485,005	889,635,591	(137,807,521)	256,478,644	331,465,850	888,959,994	(50,737,253)	333,953,626
Non-Controlling Interest	(365,360)	251,656	91,976,669	95,550,867	-	-	-	-
Total Comprehensive Income for the Period	330,119,645	889,887,247	(45,830,853)	352,029,511	331,465,850	888,959,994	(50,737,253)	333,953,626

Ratios as per NRB Directives

Capital Fund to RWA 14.05% 13.84% 14.05% 13.84%

Tier 1 Capital to RWA 9.57% 8.54% 9.57% 8.54%

CET 1 Capital to RWA 9.57% 8.54% 9.57% 8.54%

Non Performing Loan (NPL) to Total Loan 6.55% 7.75% 6.55% 7.75%

Net Non Performing Loan to Total Loan (Net NPL) 1.28% 1.45% 1.28% 1.45%

Total Loan Loss Provision to Total NPL 101.93% 99.69% 101.93% 99.69%

Cost of Funds 3.76% 4.99% 3.76% 4.99%

CD Ratio (Calculated as per NRB Circular) 81.07% 83.23% 81.07% 83.23%

Base Rate 5.89% 7.12% 5.89% 7.12%

Spread Rate 4.15% 3.96% 4.15% 3.96%

Average Yield (Local Currency) 7.81% 8.86% 7.81% 8.86%

Return on Equity (RoE) (Annualized) 13.39% 1.78% 13.38% 1.51%

Return on Assets (RoA) (Annualized) 1.29% 0.17% 1.29% 0.14%

Earning Per Share (Rs) (Annualized) 22.91 2.69 22.88 2.28

Notes:

2. Previous period figure have been regrouped / rearranged wherever necessary as per NFRSs.

3. Loan and Advances includes Loan advances, interest receivables, staff loan presented net of impairment charges.

4. Personnel Expenses includes employment bonus provision calculated at 10 percent of profit after bonus.

5. Above figures are subject to change upon otherwise instructions of Statutory Auditor and/or Regulatory Authorities.

6. The detailed Financial Report has been published in the Bank's website: www.jbbl.com.np.

(c) Management details regarding events, conditions or points that may have a material impact on the corporate entity's balances, profits or cash flows based on past experience:

Mentioned in point (b) under Management Analysis.

3. Details Regarding Legal Actions

(a) If any lawsuit has been filed by or against the corporate entity during the quarterly period:

No other lawsuits except some cases arising during loan recovery and routine banking operations, and no information regarding any pending lawsuit by or against the corporate entity.

(b) If any lawsuit has been filed regarding non-compliance with prevalent rules or criminal offenses by promoters or directors of the corporate entity:

No information regarding any lawsuit filed against promoters or directors during this quarterly period.

No information received in this regard.

4. Analysis Regarding Corporate Share Transactions

(a) Management's view regarding share trading of the corporate entity in the securities market:

As share trading in the secondary market depends on the principles of share demand and supply and the country's overall economic condition, the bank has no special opinion regarding this.

(b) Maximum, minimum, closing price, total trading days, and number of transactions during the quarterly period:

Maximum Price: Rs. 246.90 Total Trading Days: 64

Minimum Price: Rs. 237.80 Traded Share Volume: 3,509,559 shares

Closing Price: Rs. 239.00

5. Problems and Challenges

Internal

• Reduction in credit demand

• Deposit credit

• Potential risks arising from brain drain of skilled manpower working in the bank.

• High costs and short-term challenges related to technical development required during the implementation of innovative technical systems.

• Operational risk that may arise from various causes.

External

• Decline in business confidence

• Potential risks arising from changes in policies, directives, and laws issued by regulatory bodies.

• Decrease in loan demand, unspent capital budget, and slow development/construction works

• Risks brought along with technological developments.

• Increased security-related risks in financial information systems.

Strategy

• Focus on business diversification and customer-centric service.

• Plan and implement strategies targeted at mitigating the decline in deposit/credit demand.

• Continuously focus on employee career development.

• Development and implementation of targeted strategies to minimize challenges related to technological development.

• Strengthen internal control system and risk management.

• Mitigate credit risk and manage assets-liabilities.

• Identify other alternative dimensions and business areas to maintain the contribution of non-interest income.

6. Corporate Governance

Details of steps taken by management to enhance corporate governance:

7. Declaration by the Chief Executive Officer Regarding Truthfulness and Accuracy

Chief Executive Officer