Kathmandu.Top 8 banks potential NPL report out of the 20 banks in operation published their financial statements including the ability to pay dividends to shareholders. According to the financial statements of 6 months of the current year, the distributable profit of only Standard Chartered, Nabil, Everest, Krishi Bikas, Sanima, Nepal SBI, Rashtriya Commerce and Prime Bank is positive.

The highest distributable profit in the 6 months of the current year is 1.13 billion rupees of Standard Chartered, second is 1.8 billion rupees of Nabil, third is 993 million rupees of Everest and fourth is 75 million 21 million rupees of Krishi Bikas Bank. Besides, Sanima Bank has earned Rs 65 crore 14 lakh, Nepal SBI Bank Rs 49 crore 55 lakh, National Commercial Bank Rs 40 crore 62 lakh and Prime Commercial Bank has earned distributable profit of Rs 6 crore 41 lakh.

According to the financial statements of the second quarter of the current year, the distributable profit of 12 banks is negative. According to the financial statement of the banks, the net profit of 12 banks is positive, but the distributable profit that can be distributed to the shareholders is negative. Distributable profit of Himalayan, Lakshmi Sunrise, Siddharth, Citizens, Nepal Investment Mega and Kumari Bank is negative in 6 months of the current year. Also, the distributable profit of Machhapuchhre, Global IME, Prabhu, NIC Asia and Nepal Bank is negative during that period.

In the six months of the current year, commercial banks earned a total net profit of 28 billion 76 million rupees, while the distributable profit on average is negative 47 billion 9 billion 59 million 19 million rupees. Compared to the second quarter of last year, the net profit of commercial banks has decreased by 10 percent on average and the distributable profit has decreased by 148.60 percent on average.

In the last six months of last year, the net profit of commercial banks was 31.94 billion rupees and the total attributable profit was 19.73 billion rupees. The distributable profit of commercial banks has also been negatively affected by having to pay tax on FPO to the government.