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Profit of commercial banks crosses Rs 19 billion, highest profit of Nabil Bank

Artha Sarokar

. In the first three months of the current fiscal year 2083/84, commercial banks have earned a net profit of Rs. 19.14 billion. According to the financial statements released by the 20 commercial banks , the profit of banks increased by Rs. 6 billion till mid-October compared to the same period of the previous financial year.

In the first quarter of last year, banks had earned a profit of Rs. 13.14 billion. Thus, the net profit of 45.46 increased by percent.

The highest profit-making bank in the first three months of the current fiscal year is Nabil Bank. Nabil Bank has earned a net profit of Rs 2.55 billion in the first three months. Global IME Bank has earned Rs 2.31 billion and Rastriya Banijya Bank has earned a profit of Rs 1.65 billion.

Similarly, Everest Bank 1.25 billion, Prime Commercial Bank 1.18 billion, Nepal Investment Mega Bank 1.18 billion and NMB {{TAG_CLOSE_ span_40} Net profit of Rs 1.16 billion. Agricultural Development Bank has earned a net profit of Rs. 1.01 billion, Kumari Bank (Rs. 1. and Sanim a Bank (Rs. 1..05 billion).

Most Bank’s profit increased and some decreased

Out of the 20 commercial banks , 10 have earned a net profit of more than Rs 1 billion. Nepal Investment Mega The bank’s improvement has been significant. The bank has earned a profit of Rs. 450.5 million in the first quarter of the previous year to Rs. 1.18 billion this year.

Similarly, Rastriya Commercial Bank has increased its net profit to Rs 1.64 billion from Rs 58.87 crore in the previous year. Krishi Vikas Bank’s profit has also increased to Rs 1.09 billion from Rs 573.8 crore in the previous year.

Citizens Bank has returned to a net profit of Rs 10.27 crore this year from a loss of Rs 22.04 crore last year. However, the profit of all banks has not increased. The profit of Prime Commercial, Himalayan, Standard Chartered and NMB has decreased compared to the previous year.

Other Bank Siddhartha Bank 85.15 crore, Nepal Bank 83.21 crore, Standard Chartered Bank 67.14 million, Himalayan Bank ( ( and Laxmi Sunrise Bank ( and Laxmi Sunrise Bank ($65.33 crores) earned a net profit of Rs 65.33 crore. Similarly,Prabhu Bank has earned a net profit of Rs 64.74 crore, Nepal SBI Bank (Rs Rs 55.85 crore, Machhapuchchhre Bank (Rs 55. and NIC Asia Bank (Rs 12. Rs 12.74 crore.

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