Third quarter financial statements of five commercial banks of Nepal 2077/078

Apr Tue 2021 09:58:56

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Third quarter financial statements of five commercial banks of Nepal 2077/078

Kathmandu: Nepal Bangladesh Bank, Everest Bank, Machhapuchhre Bank, Himalayan Bank and Siddhartha Bank have made public their financial statements for the third quarter of the current fiscal year.

Nepal Bangladesh Bank : Nepal Bangladesh Bank has made public its financial statements for the third quarter of the current fiscal year on Tuesday. According to the financial statement, the bank has made 63 percent more net profit this year than last year. Till this period last year, Rs. 1 billion 5 million 10 thousand net profit of the bank this year. It has made a profit of Rs 1.63 billion. The distributable profit of the bank during this period was Rs. 98.32 million 29 thousand. The bank's distributable profit stood at Rs. It was 28 million 15 thousand.

The bank's operating profit increased by 56.41 percent to Rs. 2.28 billion 85.35 million. By increasing the paid-up capital through 6 percent bonus share to Rs. The reserve fund of the bank, which reached Rs. 9.48 billion, is Rs. 28.12 percent more than last year. 5 billion 899.47 million 82 thousand has been established.

Siddhartha Bank :Siddhartha Bank Ltd. has raised Rs. 2 billion 652 million 38 thousand net profit. According to the financial statement of the public bank for the period, the net profit of the bank has increased by 54 percent this year as compared to last year. Till this period last year, the bank had disbursed Rs. It had made a profit of Rs 1.33 billion.

Operating profit has increased by 50.75 percent this year. Last year, Rs. 1.97 billion 93.53 million in the corresponding period of the previous year. 2.98 billion 39.44 million. The Bank's distributable profit till this period was Rs. 831.449 million. Till last year, the bank's distributable profit was Rs. 153.21 million was negative. This year, however, has improved.

Everest Bank :Everest Bank Limited on Tuesday released its financial statements for the third quarter of the current fiscal year. According to the financial statement, the bank has raised Rs. 1.50 billion 74.46 million net profit. This profit was Rs. 94.36 million 61 thousand. Compared to last year, the bank's net profit has decreased by 35.93 percent this year. The bank's profit has declined this year as all indicators of income have declined along with net interest income. This year, the bank has disbursed 35.25 percent less than last year. 2.81 billion 43.47 million net interest income and 35.93 percent less than Rs. 2.15 billion 34.22 million operating profit.

The bank's distributable profit for the third quarter stood at Rs. 1 billion 653 million 86 thousand. Till this period last year, this amount was Rs. 94.36 million 61 thousand. Despite the decline in net profit, the bank's distributable profit has increased.

Machhapuchhre Bank : By the third quarter of the current Fiscal Year, Machhapuchhre Bank Ltd. had disbursed Rs. It has made a net profit of Rs 1.29 billion. The profit was Rs. 1 billion 166.88 million 55 thousand. The net profit of the bank has increased by 10.60 percent this year as compared to last year. Operating profit increased by 9.24 percent to Rs. 1.94 billion 47.23 million. The distributable profit of the bank till this period was Rs. 846.9 million.

Himalayan Bank : Kathmandu. By the third quarter of the current Fiscal Year, Himalayan Bank Limited had disbursed Rs. It has made a net profit of Rs 1.28 billion. The bank had posted a net profit of Rs. 2.31 billion 71.13 million. The bank's net profit is down 44 percent this year from last year.