Shine Resunga Development Bank

Head Office : Siddhartha Road, Butwal-8,
Rupandehi 071-551500,551498

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Message from CEO

Namaste to all Valued Stakeholders!!!

Warm welcome to the official website of Shine Resunga Development Bank Limited,

Continuing to achieve the growth, increasing its branch in order to serve its  customers  more effectively, and increasing its contributions to the social development year after year, supplying financial products and services in every community within its coverage area, Shine Resunga Development Bank has completed FY 2072/073 with a superior performance.

Till the end of fiscal year 2072 our presence  was  only  in  6 districts, during FY 2072/073 we have been able to open 3 branches  (bringing the total number to 26),  1  in  Ghorahi, 1  in Tansen  and  1  in  Khanadaha. Out of these branches, branches in Ghorahi and  Tansen  were  established  to cover Dang and Palpa district and similarly Pyuthan district was covered after the successful merger with Gaumukhee Bikas Bank Limited. With these branch expansion and merger our presence is in 9 districts amongst 10 districts (except Chitwan).

Despite of various unfavorable situations, this bank successfully achieved its targets. We are able to increase the size of our    balance   sheet   by   35%   as   compared  to  previous  fiscal  year;  similarly  34%  increment  in  deposit,  38% increment in loans & advances and 48% increment in net profit is increased as compared to previous fiscal year.
 
In FY 2072/073 this bank booked a net profit of Rs. 269 million. We regard profitability as the most important means of supporting our equity.
 
Along  with  the  value  additions  to  our  stakeholders,  this  Bank has succeeded in becoming the leading bank in the regional  level  and  also  holds  a  good  presence  in overall banking industry. This bank is able to focus on sustainably profitable growth through improvements in productivity.
 
I thank all of our stakeholders for their unconditional contribution to our performance.
 
Yours sincerely,
Prakash Poudel
CEO