2 trillion in reserve fund of commercial banks in Nepal and 10 billion more reserve fund in 6 banks

Jan Mon 2023 03:03:48

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2 trillion in reserve fund of commercial banks in Nepal and 10 billion more reserve fund in 6 banks

Kathmandu. Commercial banks have published their financial statements for the second quarter of the current financial year 2079/80.

According to the details, during that period, the net profit of banks increased by 11.75 percent and reached 30 billion 26 billion 38 lakh 74 thousand rupees. In the second quarter of last year, banks earned more than 27 billion 80 million profit.

This data is exclusive of Nepal Investment Mega Bank and Kumari Bank, which have recently merged and started integrated business. These two banks are yet to publish their financial statements in the second quarter.

During the current year, the reserve fund of banks has increased by 33.09 percent. By the end of December, the reserve fund of banks has reached 1 trillion 95 billion 70 million 10 million 16 thousand rupees. However, during the same period last year, the funds of the banks were 1 trillion 46 billion 56 billion 99 lakh 52 thousand rupees. In the second quarter of the current year, the reserve fund of 6 commercial banks is over 10 billion.

Nabil Bank has seen the largest amount in the reserve fund during that period. By the second quarter of the current year, the bank has kept 25 billion 57 billion 41 lakh 40 thousand rupees in that fund. The reserve fund of the bank has increased by 74.85 percent compared to the month of January last year.

Nepal Bank, which is in the second place, has increased by 14.39 percent compared to the second quarter of last year and kept 19 billion 98 million 36 lakh 70 thousand rupees. During the same period last year, the fund of the bank was 17 billion 46 crore 96 lakh 62 thousand rupees.

Global IME Bank, which is in third place, has reached 18 billion 31 million 93 million 90 thousand rupees. This fund of the bank is more than 98.78 percent compared to the end of January last year. The bank has recently merged with Bank of Kathmandu and started integrated business. Due to the same reason, the reserve fund of the bank has increased.

Similarly, the reserve fund of National Commercial Bank has 16 billion 82 million 88886 thousand rupees, 12 billion 896 million 67 million 50 thousand rupees of NIC Asia and 11 billion 95 million 34 million 10 thousand rupees of Agricultural Development Bank. Reserve funds of these banks have increased by 6.20 percent, 47.09 percent and 14.58 percent respectively compared to the end of December last year.

During that period, the lowest reserve fund was seen in Civil Bank. The fund of the bank is 2 billion 82 crore 39 lakh 74 thousand rupees. However, compared to the second quarter of last year, Civil Bank has increased the reserve fund by 83.03 percent.

In the second quarter of the current year, the reserves of Everest Bank and Prabhu Bank are almost equal. During that period, the reserve fund of Everest is 9 billion 90 million 985 thousand rupees, Prabhu 9 billion 80 million 11 million 38 thousand rupees.

Similarly, Siddharth Bank's reserve fund is 8.82 billion 15 lakh 72 thousand, Prime Commercial's 8.35 billion 9.9 million 26 thousand, NMB's 7.6 billion 44 lakh 79 thousand, Himalayan Bank's 7.42 billion 34 lakh 39 thousand, Sunrise's 7 billion 12 crore 27 lakh 21 thousand rupees.

Standard Chartered got Rs 6.63 crore 20 lakh 31 thousand, Nepal SBI got Rs 6.41 crore 99 lakh, Citizen got Rs 5.64 crore 72 lakh, Laxmi got Rs 5.55 crore 75 lakh, Sanima got Rs 4.62 crore 6 lakh and Machhapuchcha The bank has kept 4 billion 138 million rupees in reserve fund.