Commercial banks post net profit of Rs 57.16 billion in 10 months

Himal Press 19 Jun 2023
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Commercial banks post net profit of Rs 57.16 billion in 10 months

KATHMANDU: Commercial banks in the country posted a combined net profit of Rs 57.16 billion in the first 10 months of the current fiscal year.

Among the twenty-one commercial banks, Nabil Bank Ltd led the way with a net profit of Rs 6.12 billion. Global IME Bank secured second place with a net profit of Rs 5.34 billion, followed by NIC Asia Bank in third place with a net profit of Rs 4.39 billion.

State-owned Rastriya Banijya Bank Ltd ranked fourth with a net profit of Rs 5.05 billion, while Nepal Investment Mega Bank Ltd took fifth place, earning a net profit of Rs 3.89 billion.

NMB Bank, Prime Commercial Bank Ltd, and Standard Chartered Bank Nepal Ltd followed closely with net profits of Rs 2.96 billion, Rs 2.79 billion, and Rs 2.78 billion, respectively.

During the 10-month period, Everest Bank Ltd recorded a net profit of Rs 2.75 billion, with Himalayan Bank Ltd, Nepal Bank Ltd, Prabhu Bank Ltd, and Nepal SBI Bank Ltd closely behind, reporting net profits of Rs 2.64 billion, Rs 2.46 billion, Rs 2.31 billion, and Rs 2 billion, respectively.

Eight commercial banks recorded net profits below Rs 2 billion during the 10-month period. Sanima Bank Ltd reported a net profit of Rs 1.96 billion, while Kumari Bank Ltd, Siddhartha Bank Ltd, and Machhapuchhre Bank earned net profits of Rs 1.81 billion, Rs 1.79 billion, and Rs 1.56 billion, respectively.

Likewise, Laxmi Bank Ltd recorded a net profit of Rs 1.46 billion, Citizens Bank earned a net profit of Rs 1.43 billion, and Sunrise Bank Ltd reported a net profit of Rs 1.37 billion.

Agricultural Development Bank Ltd ranked at the bottom of the list with a net profit of Rs 1.22 billion.

Published On: 19 Jun 2023

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