During the period, twenty commercial banks earned a total of Rs 30.59 billion in net profit compared to Rs 27.43 billion of the corresponding period of the last FY.
In the review period, eleven banks record increase in profit.
Nabil Bank Earns Highest Profit
In terms of net profit, Nabil Bank earned the highest profit of Rs 4.75 billion. The net profit increased by 46.71 percent compared to the review period of the last FY. Similarly, Global IME Bank earned net profit of Rs 3.25 billion and Kumari Bank earned net profit of Rs 2.72 billion.
Meanwhile, Laxmi Sunrise Bank logged loss of Rs 273.6 million during the period.
In the review period, Kumari Bank logged the highest growth in net profit. The bank increased its net profit by 886.50 percent. Decline in impairment charges helped the bank to boost its net profit. The bank that recorded Rs 275.7 million in net profit increased its net profit to Rs 2.72 billion in the review period of the current FY.
During the period, Nepal Bank logged 183.04 percent growth, Siddhartha Bank logged 150.20 percent, Rastriya Banijya Bank logged 132.04 percent growth in net profit. Meanwhile, the net profit of Citizens International Bank has declined the most of 45.78 precent.
