Research & Analysis

Our Research

Fundamental analysis of Nepal's industries and companies. Each sector starts with an industry overview, followed by individual company deep-dives.

35 reports10 sectors24 companies

3 of 35 reports

Sector & Industry Reports

1 report

Sector Report

Nepal Development Banks Sector — Industry Report 2026

Nepal's 17 licensed development banks manage NPR 721 billion in total assets with sector NPL at 5.04% (mid-July 2025) and rising. Credit growth of only 5% in 10M FY2082/83 reflects cautious lending appetite as NRB's rate-cut cycle compresses margins.

Jul 12, 2026

Company Research

2 reports

GBBL14 min

Garima Bikas Bank (NEPSE: GBBL) — Company Profile

Garima Bikas Bank Limited (GBBL) is Nepal's second-largest development bank by assets with NPR 104.5 billion in total assets, NPR 3,612 million net interest income in FY2081/82, and a gross NPL ratio of 4.69% — stabilizing after a trough-earnings year driven by NPR 1,711 million in impairment charges.

Jul 12, 2026

MNBBL13 min

Muktinath Bikas Bank (NEPSE: MNBBL) — Company Profile

Muktinath Bikas Bank Limited (MNBBL) is Nepal's largest development bank by assets at NPR 136.5 billion, but its gross NPL surged from 2.97% (FY2081/82) to 4.88% (Q3 FY2082/83), approaching NRB's 5% ceiling — the most important risk metric to monitor in FY2082/83.

Jul 11, 2026