Kathmandu. Most of the banks have increased their profits in the second quarter of the current Fiscal Year 2077/78. Of the 15 commercial banks that have made their financial statements public, 11 have a profit of over Rs 1 billion and seven have less than Rs 1 billion.

Although the profit of the banks is higher, the distributable profit is less. Even the most profitable Global IME Bank has low distributable profits. Global IME Bank, NIC Asia and Nabil Bank have earned the highest profit among the banks that have increased their profit over the same period last fiscal year. The profit of the banks is more than Rs 2 billion.

Global IME Bank has earned the highest profit in this period of the current fiscal year. The bank has made a profit of Rs 2.31 billion during the period. The bank had earned a total profit of Rs 1.68 billion in the last fiscal year. Even if the profit earned by the bank is more than other banks, it should be considered normal. The paid up capital of the bank alone is Rs. 21.63 billion. The distributable profit of the bank is Rs 1.43 billion.

NIC Asia Bank, the second most profitable bank after Global IME Bank, has earned a profit of Rs 2.65 billion in the first six months of the current fiscal year. The bank had earned a profit of Rs 2.16 billion in the same period last fiscal year. The distributable profit of the bank is Rs. 728.1 million.

Nabil Bank, which is in the third list of the most profitable banks, has earned a profit of Rs 2.1 billion in the first six months of the current fiscal year. The bank's current profit is 1.26 percent lower than the same period of the previous year. The bank's profit was Rs 2.4 billion in the same period last fiscal year. The bank's distributable profit stood at Rs 1.84 billion in the second quarter.

A bank with a profit of over Rs 1 Billion

Nepal Bank, Sanima Bank, Nepal Investment Bank and Krishi Vikas Bank, which earned less profit than last year, have been able to remain in the club of billionaires by making more than Rs. Kumari Bank, which entered the club by increasing its profit during this period, has earned a profit of Rs 1.21 billion till the second quarter.

The bank's profit till this period of the last fiscal year was only Rs. 803 million. The Bank has made significant progress during this period. Prabhu Bank has also made significant profits this year. The bank has made a profit of Rs 1.51 billion in the current fiscal year as compared to Rs 1.8 billion in the previous fiscal year.

Prabhu Bank, Nepal Bangladesh Bank, Citizen Bank and Sunrise Bank have earned more profit than last fiscal year while Sanima Bank, Nepal Bank, Nepal Investment Bank, Himalayan Bank, Everest Bank and NCC Bank have also reduced their profit. Kumari and Prime Commercial Bank, NMB Bank have made significant progress in the billionaire club.

As of January 3, the 16 banks that have published their financial statements have earned a total profit of Rs 23.66 billion. These banks had earned a profit of Rs 22.30 billion in the corresponding period of the previous fiscal year.