Commercial banks of Nepal earned profits more than 30 billion : Nabil and NIC Asia bank on top position

Jan Mon 2023 04:23:06

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Commercial banks of Nepal earned profits more than 30 billion : Nabil and NIC Asia bank on top position

Kathmandu. Commercial banks have earned more than 30 billion profit. This is shown in the second quarter financial report of the current financial year 2079/80 published by the banks.

By the end of January of the current year, commercial banks have made a profit of 30 billion 13 billion 37 million rupees. This is 11.87 percent more than the same period last year. In the same period last year, the banks made a profit of 26 billion 935 million rupees. So far, 20 commercial banks have published their financial statements for the second quarter of the current year.

According to published details, Nabil Bank has earned the most profit. In the 6 months of the current year, Nabil has earned a net profit of 3 billion 41 crore 76 lakh 98 thousand rupees. This profit is 56.67 percent more compared to the end of December last year. During the same period last year, the bank made a profit of 2 billion 18 million 14 lakh 20 thousand rupees.

NIC Asia Bank, which is in the second place, has increased by 36.27 percent during that period and has remained at 3 billion 27 billion 33 million rupees. By the end of January last year, the bank had made a profit of 2.4 billion 2 million rupees.

Similarly, the profits of Global IME Bank and National Commercial Bank are almost equal. During that period, Global IME earned a profit of 2 billion 78 billion 11 lakh rupees. The profit of the bank is only 4.42 percent higher. The profit of National Commercial Bank increased by 52.88 percent to 2.71 billion 1.8 million rupees.

The government-owned Agricultural Development Bank is in losses. In the second quarter of last year, the bank made a profit of 1 billion 42 million 25 million rupees, but in the same period of this year, it has seen a loss of 12 million 89 million rupees.

Civil Bank has made the lowest profit in the second quarter of the current year. The bank earned a profit of 637 million rupees during that period. Everest Bank has been seen to increase the most profit by the end of January of the current year. The bank earned a profit of 1.58 billion rupees during that period. This profit is more than 89.29 percent compared to the end of December last year.

During that period, Standard Chartered Bank's profit increased by 61.36 percent to 1.75 billion 36 lakh, Nepal SBI Bank's profit increased by 50.39 percent to 1.17 billion 71 lakh, Lakshmi Bank's profit increased by 31.77 percent to 1.77 billion 71 lakh rupees. is

During that period, the profit of Himalayan Bank increased by 28.42 percent, Sanima Bank by 19.23 percent, NMB Bank by 11.08 percent, Machhapuchche Bank by 1.43 percent. These banks have made a profit of Rs 9547 million, Rs 12853 million, Rs 19011 million and Rs 1252 million respectively.

During that period, the profit of half a dozen banks has decreased. By the end of January of the current year, Citizen Bank's profit has decreased the most. The profit of the bank decreased by 32.11 percent to Rs 84 crore 13 lakh. Similarly, the profit of Siddharth Bank decreased by 26.38 percent to 1.1611 billion rupees, Nepal Bank decreased by 17.39 percent to 1.176 million rupees, and Sunrise Bank's profit decreased by 12.28 percent to 653.39 million rupees.

Similarly, during that period, the profit of Prabhu Bank decreased by 4.29 percent to 1.19 billion 9 lakhs and that of Prime Commercial Bank decreased by 1.58 percent to 1.65 billion 2.2 million rupees.