Top 10 Commercial Bank of Nepal Net Profit Income has increased : How Much ?

Jul Tue 2023 04:04:02

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Top 10 Commercial Bank of Nepal Net Profit Income has increased :  How Much ?

Kathmandu. The net profit of commercial banks has exceeded 57 billion. In the 10 months of the current financial year, banks have earned a net profit of 57 billion 17 billion 27 lakh rupees. This is shown by the data published by Nepal Rastra Bank up to the end of last May. 21 commercial banks in operation have made a net profit of 8 billion 34 crore 41 lakh rupees compared to last February.

The profit of banks has increased by 17.08 percent during three months. By the end of February, the banks had made a net profit of 48 billion 82 billion 85 million rupees. Nabil Bank has earned the highest profit during the review period. The net profit of most of the banks has increased in double digits. Krishi Bikas Bank has increased the most profit till Baisakh. Himalayan Bank has also increased at a high rate. However, there has been a decline in Kumari Bank's profit.

Nabil Bank has earned a lot of profit. The bank has managed to make a net profit of Rs 79 crore 42 lakh. In the 10 months of the current year, Nabil has earned a net profit of Rs 6.12 billion. Which is 14.91 percent higher than last February. By the end of last February, the bank had earned a net profit of Rs 5.32 crore 61 lakh.

On the basis of net profit, Global IME Bank is in the second position. In the 10 months of the current year, the bank has earned more than 5 billion in profit. By the end of last February, the bank had earned a net profit of 4.37 billion 23 lakh rupees.

The profit of Kashi Bikas Bank has increased by almost three times. The bank made a profit of only 41 crore 12 lakh rupees till the end of last February. However, the bank has increased its profit by 197.27 percent by the end of May. By the end of May, the bank has earned a net profit of 1 billion 22 billion 26 million rupees.

During the period under review, NIC Asia Bank earned a profit of Rs 4.39 billion 2.7 million. This profit of the bank is 8.24 percent higher than last February.

Nepal Rastra Bank has increased its profit by 20.37 percent in three months and reached 4 billion 55 million rupees. By the end of February last year, RVV earned a total net profit of 3.36 billion 87 million rupees. The bank has overtaken Nepal Investment Mega (NIMB). NIMB, which is in the fourth position, has fallen to the fifth position by the end of Baisakh. It had made a profit of 3 billion 49 crore 12 lakh rupees till last February.

The net profit of Himalayan Bank has also increased at a high rate. In three months, the profit of the bank increased by 48.07 percent to 2.64 billion 17 lakh rupees. Last February, the bank earned a profit of 1 billion 788 million rupees.

The profit of eight banks, including Himalayan Bank, is over 2 billion. The profit of NMB Bank increased by 13.09 percent to 2 billion 965 million rupees till the end of Baisakh.

By the end of Baisakha, Prime Commercial Bank has also earned a profit of 2.79 billion 96 million rupees. June is 17 percent higher than last February. During that period, Standard Chartered Bank also earned a profit of 2.78 billion 61 lakh rupees.

Similarly, the net profit of Everest Bank has also increased by 23.44 percent during the review period. The bank earned a profit of 2.23 billion rupees by the end of February last year. .

During the review period, Nepal Bank has earned a net profit of Rs 2.46 crore 1.6 lakh, Prabhu Bank Rs 2.31 crore 2 lakh and Nepal SBI Bank has earned a net profit of Rs 2.65 lakh crore. The profit of these banks is higher by 16.39 percent, 4.06 percent and 22.07 percent respectively compared to the end of last February.

Sanima Bank has earned a net profit of 1 billion 96 crore 73 lakh rupees. This profit of the bank is more than 10 percent compared to the end of last February. By the end of May, the net profit of Siddharth Bank has increased by 15.56 percent to 1.79 billion 67 lakh rupees. Similarly, Machhapuchhre Bank's profit increased by 9.66 percent to 1.56 billion 38 lakhs, Lakshmi Bank's profit increased by 7.19 percent to 1.46 billion 27 million rupees.

Likewise, Citizen Bank has also increased its profit by 13.57 percent in three months and reached 1.43 billion 3 lakh rupees. On the other hand, Sunrise Bank has also increased its profit by 26.09 percent to 1.37 billion 24 lakh rupees.