Jyoti Bikas Bank Reports Massive Q1 Surge: Net Profit Jumps 184.59% Driven by Higher Interest Income and Reduced Impairments

1st November 2026, Kathmandu

Jyoti Bikas Bank Limited has recorded an extraordinary financial performance in the first quarter of the fiscal year 2083/84 (ending Mid-October 2026).

Jyoti Bank Q1 Surge Reported

The bank’s net profit surged by approximately 184.59 percent, reaching NPR 200.16 million compared to NPR 70.33 million posted in the corresponding quarter of the previous fiscal year.

Robust Growth in Revenue and Cost Efficiency

The substantial increase in net earnings was primarily propelled by stronger net interest income, expanding total operating revenue, and a notable drop in funding costs.

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• Net Profit: Reached NPR 200.16 million, marking a 184.59 percent year-on-year surge from NPR 70.33 million in Q1 FY 2082/83.
• Net Interest Income: Expanded to NPR 631.8 million, up from NPR 525.9 million in the prior year’s baseline quarter.
• Cost of Funds: Reduced significantly to 3.69 percent, which effectively contained total interest expenses to NPR 641.1 million.
• Total Operating Income: Rose to NPR 773.2 million, compared to NPR 679.8 million recorded in the same period last year.

Sharply Reduced Impairment Charges and Operational Profit Surge

A significant reduction in potential risk provisions directly boosted operational earnings for the quarter.

• Impairment Charges: Decreased sharply to NPR 167.6 million, down from NPR 301.7 million in Q1 of the previous year.
• Operating Profit: Experienced a steep rise to NPR 285.9 million, compared to NPR 100.4 million in the baseline period.

Balance Sheet Expansion and Improved Asset Quality

The institution demonstrated steady asset quality improvement while continuing to expand its core deposit base and lending portfolio.

• Non-Performing Loan (NPL) Ratio: Declined to 7.17 percent from 7.97 percent recorded in the corresponding period last year.
• Total Deposit Mobilization: Reached NPR 65.34 billion by the end of the first quarter.
• Total Credit and Advances: Expanded to NPR 51.48 billion.
• Paid-up Capital: Maintained at NPR 4.40 billion.

Shareholder Returns and Key Financial Indicators

Significant gains in profitability boosted returns on equity and overall earning per share metrics.

• Earnings Per Share (EPS): Climbed to NPR 18.21, up from NPR 6.40 in the base period.
• Return on Equity (ROE): Stood at 10.49 percent.
• Return on Assets (ROA): Reached 1.00 percent.
• Base Rate: Maintained at 5.55 percent.
• Spread Rate: Recorded at 4.31 percent.
• Capital Adequacy Ratio (CAR): Stood at 13.90 percent.

For More: Jyoti Bank Q1 Surge Reported