Kathmandu. Despite the effects of the corona virus, the profits of commercial banks have increased. In the first nine months of the current Fiscal Year 2077-07, 27 commercial banks have earned a total net profit of Rs. 50.74 billion. Compared to the same period last year, the profit of banks has increased by Rs. 6.7 billion or 13.5 percent.

Nabil is ahead of the bank in terms of profit. Nabil has earned a net profit of Rs 3.67 billion. Global IME, Rastriya Banijya and NIC Asia Bank are among the companies earning more than Rs 3 billion. Global IME has made a profit of Rs 3.57 billion, national commerce Rs 3.27 billion and NIC Asia Rs 3 billion.

Similarly, Investment, Prime, NMB, Prabhu, Krishi Vikas, Siddhartha and Nepal Bank have made a profit of over Rs 2 billion. Similarly, Mega, Sanima, Kumari, Nepal Bangladesh, Citizens, Everest, Machhapuchhre, Himalayan, Lakshmi, Standard Chartered, Sunrise, NCC and Bank of Kathmandu have a profit of over Rs 1 billion while SBI, Civil and Century have a profit of less than Rs 1 billion.

Although the profits of six of the 27 banks have declined in the last nine months, the remaining 21 banks have increased. Profits of Himalayan, Everest, Standard Chartered, NCC, SBI and Century have declined compared to last year.

Similarly, banks have disbursed Rs. 35.73 trillion in loans during this period. As of mid-April last year, 27 banks had disbursed a total of Rs 2.845 trillion in loans.