20 commercial banks operating currently, logged net profit of Rs 16.23 billion in the review period. In the review period of the last FY, they had earned net profit of Rs 13.34 billion.
During the period, Nabil Bank earned the highest net profit of Rs 2.05 billion. The bank increased the profit by 29.97 percent compared to Rs 1.46 billion of the last FY.
Similarly, Global IME Bank, Nepal Investment Mega Bank, Prime Commercial Bank, NMB Bank, Everest Bank, Kumari Bank and Prabhu Bank also logged net profit above Rs 1 billion.
Agriculture Development Bank which recorded net loss of Rs 888 million logged Rs 190.9 million in net profit this quarter.
Meanwhile, NIC Asia Bank logged the lowest profit of Rs 110.5 million. The bank penned decline of 89.06 percent in net profit compared to Rs 1.01 billion of review period of the last FY.
In the review period, Siddhartha Bank recorded the biggest growth of 791.43 percent in net profit. The bank which earned Rs 42.8 million in net profit in the review period of the last FY earned Rs 382 million net profit in this quarter. Likewise, Laxmi Sunrise Bank, Nepal Bank and Kumari Bank also logged good growth in net profit.
At the same time, seven banks including Nepal Investment Mega Bank, Machhapuchchhre Bank, Citizens Bank, Sanima Bank, Himalayan Bank, Rastriya Banijya Bank and NIC Asia Bank recorded decline in net profit.
