Top 3 largest commercial banks of Nepal : Global IME, Nabil and NIMB are benchmarked in key indicators

Apr Fri 2023 02:20:40

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Top 3 largest commercial banks of Nepal : Global IME, Nabil and NIMB are benchmarked in key indicators

Kathmandu. On the basis of total assets, Global IME, Nabil Nepal Investment Mega Bank is seen ahead. The total assets of these three banks are over 4 billion. The third quarter financial statement of the current financial year 2079/80 published by the banks has shown this.

Nabil Bank is first position as on All Indicators . On the basis of net profit, Nabil Bank ranks first In the third quarter of the current year, Nabil has earned a net profit of 5 billion 11 million 61 million 74 thousand rupees. Which is 52.62 percent more than last year's review period. In the third quarter of last year, the bank earned a profit of more than 3.35 billion 2 million. Global IME Bank is in the second position in terms of net profit.

The total assets of 21 commercial banks in operation have exceeded 5 trillion 91 billion 500 million 88 million rupees. Which is 6.15 percent higher than in the third quarter of last year. During the review period of last year, the total assets of banks were 5 trillion 57 billion 23 billion 98 million rupees.

According to the details till the end of March of the current year, IME Bank has the most global assets. The bank has a total of 5 trillion 5 billion 74 crore 61 lakh 65 thousand rupees. Compared to the end of March of last year, 1 trillion 53 billion 83 billion 65 million rupees or 43.71 percent has increased. The assets have increased after Global acquired Bank of Kathmandu. By the end of March last year, the bank had 3 trillion 51 billion 900 million 96 lakh 43 thousand rupees.

Nabil Bank, which acquired Nepal Bangladesh Bank, is in the second place in terms of assets. As of the third quarter of the current year, the bank has 4 trillion 43 billion 225 million rupees. During one year, the assets of the bank are about one and a half billion or 47.48 percent more. By the end of March last year, the bank had assets of 3.52 billion rupees.

Similarly, Nepal Investment Mega Bank has total assets of 4 trillion 42 billion 28 billion 75 lakh rupees. June, compared to the third quarter of the previous year, 2 trillion 4 billion 56 million 45 million, i.e. 86 percent more. The bank was merged with Mega Bank some time ago. After the merger, the total assets of the bank increased.

While calculating the bank's assets, cash and cash goods in each bank, balance in Nepal Rastra Bank, balance in banks and financial institutions, derivative financial instruments are taken.