During the period, twenty commercial banks earned a total of Rs 41.25 billion in net profit. The net profit increased by merely 1.40 percent compared to Rs 40.68 billion of the corresponding period of the last FY.
In the review period, eleven banks raised their profit while nine logged decline in net profit. during the period, Nepal Bank recorded highest growth in net profit. the bank earned Rs 2.78 billion in net profit which is 2032.80 percent growth compared to Rs 130.5 million. Similarly, Nepal Investment Bank raised its profit by 38.61 percent and Global IME Bank raised its profit by 37.12 percent. Meanwhile, Laxmi Sunrise Bank logged lowest growth of 2.24 percent during the period.
NIC Asia Bank Logs Highest Fall in Net Profit
During the period, NIC Asia Bank penned highest fall in net profit. the bank that earned Rs 1.91 billion net profit in the review period of the last FY earned merely Rs 156.7 million this quarter. The net profit declined by 91.81 percent. similarly, Himalayan Bank recorded 74.33 percent decline while Kumari Bank recorded 72.85 percent fall in net profit.
Nabil Bank Earns Highest Profit
In terms of amount, Nabil Bank earned the highest profit of Rs 5.05 billion followed by Nepal Investment Bank and Global IME Bank with above Rs 4.5 billion in profit. Meanwhile, NIC Asia Bank earned the lowest profit of Rs 156.7 million.
