Kathmandu, Top 20 Commercial banks increase in profits Fy 2081/082. Banks have started releasing their unaudited financial statements for the fourth quarter of the fiscal year 2080/81, collectively earning a net profit of Rs 64.15 Arba during the period.

Kumari Bank's profit has seen a huge difference in figures. The bank made a profit of over 2 billion in the last fiscal year. In the previous fiscal year, the bank earned only 4.6 million. But in the last fiscal year, it earned a profit of 2.11 billion 64 million rupees.

The main reason for the bank's increase in profit is the reduction in impairment charges. The bank has reduced the amount it kept under such charges from 6.84 billion rupees to 2.79 billion rupees. Similarly, the bank's financial statements show that it recovered 2.41 billion rupees last year as interest due from the previous year.

Machhapuchhre Bank has increased its profit by almost 100 percent in the last fiscal year. According to the unaudited financial statements of the last fiscal year made public by the bank, the bank made a profit of 2.10 billion rupees.

The bank's profit last year was only 1.4 million rupees. Which increased by 970 million rupees last year. The bank's profit has been affected by the fact that the bank received a refund for the loss management it made on its loans after auctioning non-banking assets last year.

Last year, the bank returned Rs 460 million through provisions made on non-banking assets and showed profit. Similarly, the bank's impairment charge reversal has also been positive by Rs 250 million.

Siddhartha Bank, on the other hand, has shown a 10 percent increase in profit in the last fiscal year through its raw financial statements. The bank, which had earned a profit of Rs 3.08 billion in the previous fiscal year, has shown a profit of Rs 3.39 billion in the last fiscal year.

The bank has earned Rs 8.44 billion in net interest income. This is 6.43 percent more than the previous year. In addition, the bank's operating income has also increased to Rs 9.84 billion. In the previous fiscal year, such income was Rs 8.92 billion. The bank's distributable profit has increased by 3 times, or 220 percent, compared to the same period of the previous fiscal year to Rs 1.86 billion.

Citizens Bank has released its raw financial statements. The bank earned Rs 1.32 billion in the previous fiscal year, but it has shown an increase of Rs 1.29 billion in the last fiscal year. This is a decrease of 2.27 percent compared to the previous fiscal year. In the last fiscal year, the bank has shown an interest income of 17.3 billion, compared to 19.71 billion in the previous fiscal year.

The Agricultural Development Bank has also shown an increase in profit by 48 percent. The bank, which had made a profit of 2.57 billion rupees in the previous fiscal year, has shown a profit of 3.82 billion rupees in the last fiscal year.

The bank has shown an increase in profit by reducing the impairment charge. The bank has shown an increase in net interest income by 6.93 percent to 9.82 billion rupees, while total operating income has shown a decrease of 1.84 percent. While the bank has shown an increase in net operating income by 21.71 percent this year, the bank has shown an increase in operating profit by 41.29 percent.

Everest Bank Limited has earned a distributable profit of more than 4.95 billion rupees by the fourth quarter of the fiscal year 2081/82. With this, the bank's dividend payout capacity has reached 38.27 percent, which is an increase of 26.67 percent from 28.06 percent in the previous year.

The bank's paid-up capital is Rs 12.94 billion. During the review period, the bank's net profit increased from Rs 3.70 billion in the previous year to Rs 4.91 billion, an increase of 32.80 percent. Earnings per share also increased from Rs 31.47 to Rs 37.99.

Operating profit increased from Rs 5.66 billion to over Rs 7.45 billion, while net interest income increased from Rs 7.64 billion to Rs 9.12 billion. The bank has reduced non-performing loans to 0.38 percent from 0.71 percent in the previous year.

Sanima Bank Limited's distributable profit increased by 92.13 percent in the last fiscal year. According to the fourth quarterly report released by the bank, distributable profit has reached Rs 2.78 billion, which is more than Rs 1.44 billion in the previous year.

Along with this, the bank's dividend payout capacity has also increased. The bank, which was able to pay only 10.66 percent dividend in the previous fiscal year, has increased its dividend payout ratio to 20.47 percent this year, an increase of 92.02 percent.

The bank has earned a net profit of Rs 2.71 billion during the review period, which is 16.96 percent more than the previous year. Net interest income increased by 2.82 percent to Rs 6.35 billion, while net fee and commission income increased from Rs 1.11 billion to Rs 1.19 billion.

Prabhu Bank demonstrated the most significant improvement, with a net profit increase of 1499.04% during the review period. Kumari Bank's net profit rose by 345.67%, Prime Commercial Bank's by 267.19%, and Agriculture Development Bank's by 176.23%. The substantial profit increases are attributed to the revision of the previous fiscal year's financial statements.

Conversely, 10 commercial banks saw a decline in net profit during the review period. NIC Asia Bank experienced the steepest decline, with net profit falling by 68.91%. Nepal Bank's net profit decreased by 51.80%, while Citizens Bank International's net profit dropped by 27.97%.