Kathmandu. In the first five months of the current fiscal year, commercial banks have earned a profit of around Rs 26 billion.
According to the data released by Nepal Rastra Bank (NRB), the net profit of 20 commercial banks stood at Rs 25.72 billion in the current fiscal year. Last year, 2081. The commercial banks had earned a net profit of Rs 30.24 billion till December 1980. In the review period, the profit of the banks decreased by 14.95 percent compared to the previous year.
According to the statistics, Global IME Bank is the highest earner of profit while Rastriya Banijya Bank is in the top position in terms of growth rate.
During the review period, Global IME Bank earned a net profit of Rs 3.22 billion. The bank had posted a net profit of Rs 2.83 billion in the same period last year. The profit of the bank increased by 13.69 percent.
Similarly, Nabil Bank is the second highest profiter. During the review period, Nabil earned a net profit of Rs 3.11 billion. The bank had posted a net profit of Rs 3,497 crore in the same period last year. The profit of the bank decreased by 10.86 percent compared to the previous year.
Prime Commercial Bank is the third highest profiter. Prime earned a net profit of Rs 1.92 billion in the review period. The company had posted a net profit of Rs 1.96 billion in the same period last year. In the review period, Prime’s profit also declined by 2.18 percent compared to the previous year.
Similarly, Everest Bank and NMB Bank earned a net profit of Rs 1.89 billion during the review period. In the same period last year, Everest Bank had earned a profit of Rs 1.94 billion and NMB had earned a profit of Rs 1.90 billion. Compared to the previous year, Everest Bank’s profit fell by 2.24 percent and that of NMB Bank by 13.15 percent.
Compared to the previous year, the profit of 14 banks decreased while the profit of only five increased in the review period. Agriculture Development Bank, which was in loss last year, is seen in profit while Citizens Bank is the lowest profiter.
