According to the reports, the bank increased their profit by 43.97 percent. In the corresponding period of the previous FY, they had earned profit of Rs 49.54 billion.
Nabil Bank Earns The Highest Profit
On the basis of amount, out of twenty commercial banks, Nabil Bank earned the highest net profit. During the review period, the bank earned Rs 7.12 billion in net profit which is 15.01 percent growth compared to the corresponding period of the previous FY. The bank earned the highest net profit in the previous FY as well.
In the last FY, Nepal Investment Bank earned Rs 6.75 billion and Global IME Bank earned Rs 6.20 billion. Meanwhile, NIC Asia Bank earned the least profit of Rs 1.6 million.
Kumari Bank Logs Biggest Growth
According to the reports, Kumari Bank logged the biggest growth in net profit. The bank that modified fourth quarter report of the previous FY, recorded 45,821 percent growth. Similarly, Prabhu Bank and Nepal Bank also modified their report of previous FY which has significantly rose their growth.
4 Banks Pens Degrowth
During the period, four banks recorded decline in their profit. As per the report, Standard Chartered Bank, Nepal SBI Bank, Citizens Bank International and NIC Asia Bank recorded decline in net profit , among which NIC Asia Bank logged the highest decline of 76.97 percent in its net profit.
