Nabil Bank: Highest Profit Maker
Nabil Bank, which has been leading the Nepali banking sector for a long time, has maintained its supremacy in the current quarter as well. The bank has become the highest profit earner with a net profit of Rs 6.76 billion. The profit of the bank increased by 33.92 percent compared to the corresponding period of the last FY.
Kumari Bank: Highest growth rate
Kumari Bank's net profit increased by 1361.76 percent as per third quarter report. The bank has earned a net profit of Rs 4.17 billion in the current FY compared to Rs 284.8 million in the review period of the last FY. The growth indicates a radical improvement in the bank's business and bad loan recovery.
Key takeaways from the data:
Highest profit (in terms of amount):
Nabil Bank (Rs 6.76 billion)
Global IME Bank (Rs 4.40 billion),
Kumari Bank (4.17 billion).
Lowest profit margin (on the basis of amount):
NIC ASIA Bank Ltd. (Rs 140 million)
Prabhu Bank (Rs 850 million)
Citizens Bank (Rs 1.30 billion)
Maximum increase (percentage):
Kumari Bank (1361.76 per cent);
Rastriya Banijya Bank (129.34 percent)
Largest decline (in percentage):
Prabhu Bank (-54.61 percent),
Nepal Investment Mega Bank (-30.69 percent);
Agricultural Development Bank (-24.42 percent);
NIC Asia Bank (-10.49 per cent).
Condition of the entire sector
Overall, the net profit of 20 commercial banks increased by 19.30 percent to Rs 49.21 billion compared to the third quarter of the last FY. This shows that Nepal's banking sector is going strong despite the economic challenges.
