Kathmandu. Commercial banks have earned a profit of Rs 41.25 billion in the third quarter of the current fiscal year (July-April).
According to the data released by the Nepal Rastra Bank (NRB) for the nine months of the current fiscal year, 20 commercial banks have earned a profit of Rs 41.25 billion. In the same period last year, commercial banks had earned a profit of Rs 40.68 billion. The bank’s profit increased by 1.40 percent in the review period compared to the previous year.
During the review period, the profit of 11 banks has increased while the profit of nine banks has decreased. Nabil Bank is at the top of the list with the highest profit till the review period. Nepal Bank is ahead in terms of profit growth.
Nabil has earned a profit of Rs 5.05 billion till Mid-March of the current fiscal year. In the same period last year, the bank had earned a profit of Rs 4.66 billion. The bank’s profit increased by 8.21 percent in the review period compared to the previous year.
Nepal Investment Mega Bank is the second most profitable bank in the world. The bank has earned a profit of Rs 4.54 billion in the review period. The bank had posted a net profit of Rs 3.27 billion in the same period last year. The bank’s profit increased by 38.61 percent in the review period compared to the previous year.
Global IME Bank is the third most profitable bank. In the same period last year, the bank had earned a profit of Rs 3.30 billion, while it earned a profit of Rs 4.53 billion in the review period. The bank’s profit increased by 37.12 percent in the review period compared to the previous year.
Similarly, Everest Bank earned a profit of Rs 3.45 billion, Nepal Bank Rs 2.98 billion, NMB Bank Rs 2.78 billion, NMB Bank Rs 2.37 billion and Prime Bank Rs 2.22 billion in the current fiscal year. Everest Bank’s profit decreased by 32.55 percent, Nepal Bank’s 2032.80 percent, NMB Bank’s 5.88 percent and Prime Bank’s 22.56 percent compared to the same period last year.
Standard Chartered Bank earned a profit of Rs 2.17 billion, Prabhu Bank Rs 1.87 billion, Krishi Bikas Bank Rs 1.84 billion, Siddhartha Bank Rs 1.66 billion and Sanima Bank Rs 1.65 billion. Standard Chartered Bank, Krishi Bikas Bank and Siddhartha Bank have seen a decline in profits of Prabhu Bank and Sanima Bank compared to the previous year.
Similarly, Laxmi Sunrise Bank has earned a profit of Rs 1.65 billion, Rastriya Banijya Bank Rs 1.20 billion, Nepal SBI Bank Rs 1.32 billion and Machhapuchhre Bank Rs 1.10 billion in the nine months of the current fiscal year. Laxmi Sunrise Bank and Nepal SBI Bank have increased their profits compared to the previous year, while Rastriya Banijya Bank and Machhapuchhre Bank have decreased.
As of March 2018, CG Banks earned a profit of Rs 968.1 million, Himalayan Bank Rs 500 million, Kumari Bank Rs 285.8 million and NIC Asia Bank Rs 156.7 million. The profits of these banks have decreased.
