NRB submits FY 2024/25 annual report, plans Rs 42bn transfer to government

KATHMANDU: Nepal Rastra Bank (NRB) Governor Prof Dr Biswo Nath Poudel submitted the bank’s annual report for fiscal year 2024/25 to Finance Minister Rameshore Prasad Khanal on Sunday.

The report, presented at a brief ceremony at the Ministry of Finance, is divided into three sections. The first section reviews the overall macroeconomic and financial status for fiscal year 2024/25, the second details the bank’s operations, and the third sets out the bank’s financial statement for the year, including the final audit.

NRB reported net income for fiscal year 2024/25, before adjustment for foreign exchange and other asset revaluation gain or loss, increased by 8.11% from the previous year to Rs 80,482.65 million. The bank’s assets and liabilities, according to the financial status statement as of mid‑July 2025, rose 29.23% compared with mid‑July 2024, reaching Rs 2,671.238 billion.

The NRB Board of Directors meeting on November 14 decided to allocate amounts to the bank’s various funds and to transfer the remaining Rs 42 billion to the Government of Nepal.

The report cites legal requirements under the Nepal Rastra Bank Act. Section 81 obliges the bank to prepare an annual report comprising the balance sheet, income statement and related details and submit it to the Government of Nepal within four months of the fiscal year end, while Section 53(1) requires submission of a report on the bank’s audit, operations and economic and financial status to the Government of Nepal.