Net profit of commercial banks rise 19.3% to Rs 49.21 billion in Q3

KATHMANDU: The combined net profit of Nepal’s commercial banks rose by 19.30% to Rs 49.21 billion by the third quarter of fiscal year 2025/26.

In the same period of the previous fiscal year, the total net profit of 20 commercial banks stood at Rs 41.25 billion.

According to the third-quarter financial statements of commercial banks released on Tuesday, seven banks reported a decline in net profit, while the remaining banks posted growth.

Prabhu Bank recorded the steepest decline of 54.61% in its net to Rs 851.52 million. It was followed by Nepal Investment Mega Bank, whose profit dropped by 30.69% to Rs 3.14 billion, and Agricultural Development Bank Ltd, which saw a 24.42% decline in net profit to Rs 1.39 billion.

On the other hand, Kumari Bank Ltd posted the highest net profit growth of 1,361.76% to Rs 4.17 billion. Kumari Bank had posted a net profit of only Rs 285.82 million in the same period of the previous fiscal year. Rastriya Banijya Bank Ltd reported a 129.34% increase to Rs 2.76 billion, while Machhapuchchhre Bank Ltd saw its net profit grow by 50.43% to Rs 1.65 billion.

Nabil Bank Ltd posted the highest net profit during the period at Rs 6.76 billion. It was followed by Global IME Bank Ltd and Kumari Bank, with net profits of Rs 4.40 billion and Rs 4.17 billion, respectively.

Meanwhile, NIC Asia Bank Ltd reported the lowest net profit at Rs 140.32 million. It was followed by Himalayan Bank Ltd and Prabhu Bank, with profits of Rs 762.53 million and Rs 851.52 million, respectively.

These three were the only banks to post net profits below Rs 1 billion. Four banks—Kumari, Citizens, Himalayan, and NIC Asia—had reported net profits below Rs 1 billion in the same period of the previous fiscal year.