Kathmandu. The average profit of a commercial bank has been 11.64 percent in the first six months of the current fiscal year. However, this is only for 23 commercial banks. The remaining four commercial banks have not made their financial statements public. According to the unaudited financial statements released by the banks, most of the banks have seen an improvement in their profits.

The bank, which earned a profit of Rs 26.50 billion in the second quarter of last fiscal year, has increased its profit by 11.64 percent to Rs 29.59 billion in the same period of the current fiscal year. The profit of banks in the last six months has been significant.

9 Bank out of Billionaires Club

Nine banks have not been able to make a province in the billionaire club. The profit of these banks is less than one billion rupees. Civil, Century, Lakshmi, Nepal SBI, NCC, Bank of Kathmandu, Kumari, Nepal Bangladesh, Everest Bank did not join the billionaire club due to low profits.

Global IME is making a lot of profit

Global IME Bank is the most profitable bank till the second quarter. The bank has earned a profit of Rs 2.66 billion in the last six months. The bank's profit has increased by 15.04 percent during the period. In second place is NIC Asia Bank. The bank has earned a profit of Rs 2.40 billion during the period. The bank's profit has increased by 16.57 percent in this period as compared to the same period last year.

Nabil Bank is ranked third. The profit of the bank is Rs 2.18 billion. The bank's profit has increased by 8.20 percent. The lowest profit of Civil Bank during this period was Rs. 504 million. In percentage terms, the bank's profit has increased by the highest percentage. Compared to the previous year, the bank's profit has increased by 148.41 percent in the first six months of the current fiscal year.

Profits of five banks declined

In the first six months of the current fiscal year, the profits of five banks have declined. Among the banks whose profits have declined in the last six months are Prabhu Bank, Everest Bank, Nepal Bangladesh Bank, Kumari Bank and Prime Bank.

Among the banks whose profits have declined, Prabhu Bank and Prime Bank have also joined the billionaire club. Prabh Bank's profit has declined by 16.90 percent. The bank's profit is Rs 1.26 billion. Similarly, Prime Bank's profit declined by 7.43 percent. The bank's profit is Rs 1.67 billion.