The banks that earned Rs 47.01 cumulative profit in last FY earned merely Rs 40.68 billion in this quarter.
Out of 20 banks, the net profit of 13 banks has declined while seven banks recorded growth during the period.
During the period, Agriculture Development Bank penned the highest growth in net profit. The bank raised its profit by 97.22 percent to Rs 2.05 billion from Rs 1.04 billion of the last FY.
Similarly, Laxmi Sunrise Bank, Prime Commercial Bank, Siddhartha Bank, Himalayan Bank, Nepal Investment Mega Bank and Everest Bank managed to increase their net profit.
Nepal Bank Logs Huge Decline
Nepal Bank Has logged the highest decline in net profit. The bank’s net profit declined by 92.68 percent to Rs 130.5 million from Rs 1.78 billion of the previous FY.
Nabil Bank Earns Highest Profit
Nabil Bank has earned the highest profit in the third quarter. The bank earned Rs 4.66 billion in net profit, however, the net profit declined by 8.76 percent compared to Rs 5.11 billion of review period of the last FY.
Meanwhile, Nepal Bank earned the lowest profit during the period.
