Message from CEO
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 2074/075 with a superior performance.
Till the end of fiscal year 2073/074 our presence was in 9 districts with 29 branches and 1 extension counter, during fiscal year 2074/075 we have been able to open 1 branch in Kharjyang Gulmi, 1 Jyoti Nagar extension counter upgraded to Jyoti Nagar branch and 1 new extension counter in Udhindhunga Gulmi.
Similarly, during fiscal year 2074/075 we have launched 5 more branches, 1 each in Manigram, Murgiya, Bankatti and Belbas of Rupandehi and 1 in Chandrauta of Kapilvastu bringing the total number of branches to 34 with 2 extension counters.
Despite of various unfavorable situations, this bank successfully achieved its targets. We are able to increase the size of our balance sheet by 27.84% as compared to previous fiscal year; similarly 29.37% increment in deposit, 29.06% increment in loans & advances in fiscal year 2073/074.
In FY 2074/075 this bank booked a net profit of Rs. 322.98 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.