Commercial banks made a net profit of Rs 64 billion 15 crores 30 lakh till last Asar, which is higher than the same period last year by 13.40%. They had earned a profit of Rs 56 billion 57 crores 44 lakhs in the previous year. Among these, Nabil Bank earns the highest net profit. It has earned Rs 7 billion 6 crores in net profit. This is higher by 10.23% compared to the previous year.
Similarly, Global IME Bank has earned a profit of Rs 6 billion 1 crore. Its net profit has decreased by 10.13%. Nepal Investment Mega Bank earned Rs 5 billion 19 crores, Prabhu Bank earned Rs 4 billion 48 crores, Prime Bank earned Rs 3 billion 77 crores, and Everest Bank earned Rs 3 billion 70 crores in net profit. Prabhu Bank has increased its profit by 1500%.
Also Read: REPORT OF Commercial Bank: Dividend Capacity and EPS [in table]
Prime Bank has seen a growth of 267% in net profit. The profit of 10 banks has increased while the rest have decreased. Machhapuchhre Bank is the bank with the least net profit. It has reported a total profit of Rs 1 billion 25 crores. Banks have made public the report of an overall increase in profit. Most banks have seen an improvement in profit due to the reduction in impairment charges, along with an improvement in net interest income.
Net profit of Commercial Banks In Table
Name | 2080-81 | 2079-80 | Diff |
Nabil Bank | 7,060,033 | 6,404,936 | 10.23% |
Global IME Bank | 6,016,216 | 6,694,358 | -10.13% |
Nepal Investment Mega | 5,198,320 | 3,720,833 | 39.71% |
Prabhu Bank | 4,480,810 | 280,219 | 1499.04% |
Prime Commercial Bank | 3,774,302 | 1,027,889 | 267.19% |
Everest Bank | 3,700,648 | 3,362,115 | 10.07% |
Agricultural Development | 3,655,662 | 1,323,411 | 176.23% |
Rastriya Banijya Bank | 3,398,212 | 3,595,127 | -5.48% |
Standard Chartered Bank | 3,308,954 | 3,465,330 | -4.51% |
Laxmi Sunrise Bank | 3,034,539 | 2,285,239 | 32.79% |
Siddhartha Bank | 3,015,535 | 3,166,771 | -4.78% |
Himalayan Bank | 2,838,049 | 1,562,817 | 81.60% |
Sanima Bank | 2,381,941 | 2,605,793 | -8.59% |
NMB Bank | 2,336,599 | 3,222,547 | -27.49% |
Kumari Bank | 2,308,212 | 517,921 | 345.67% |
Nepal SBI | 2,013,721 | 1,967,508 | 2.35% |
Nepal Bank | 1,656,831 | 3,437,578 | -51.80% |
Nic Asia | 1,381,869 | 4,444,769 | -68,91% |
Citizens Bank International | 1,342,466 | 1,863,756 | -27.97% |
Machhapuchchhre Bank | 1,250,167 | 1,625,525 | -23.09% |
Total | 64,153,086 | 56,574,442 | 13.40% |