Data from Nepal Rastra Bank highlights a 19.62% year-on-year growth compared to the Rs 53.97 billion recorded in the corresponding period of FY 2081/82. Despite the broader industry recovery, performance remained highly polarized; 14 commercial banks posted profit growth, while 6 saw their earnings contract.
The Profit Leaderboard
The top five earning banks for the period include:
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Nabil Bank: Maintained its dominant market position by posting the highest net profit of Rs 8.39 billion—a aggressive 32.52% jump from last year's Rs 6.43 billion.
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Global IME Bank: Secured the second spot with a net profit of Rs 5.97 billion, despite a marginal dip of 0.96% year-on-year.
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Kumari Bank: Clinched the third position following an astronomical 1,168.44% growth rate. Its net profit scaled from a meager Rs 37.11 crore last year to Rs 4.70 billion this year.
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Nepal Investment Mega Bank: Reported a net profit of Rs 4.49 billion, enduring a 21.04% contraction due to rising provisions.
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Everest Bank: Rounded out the top five with a steady net profit of Rs 4.12 billion.
Mid-Tier and State-Owned Banks Show Strong Momentum
Several other commercial institutions logged robust numbers ahead of the final fiscal closure:
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Prime Commercial Bank: Earned Rs 3.74 billion (up 29.07%).
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Rastriya Banijya Bank: The state-owned lender posted Rs 3.72 billion, marking an impressive 68.82% growth.
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NMB Bank: Logged net profits of Rs 3.63 billion.
- Nepal Bank: Recorded net profits of Rs 3.32 billion
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Sanima Bank: Grew by 44.14% to reach Rs 3.12 billion.
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Other Notable Performers: Siddhartha Bank (Rs 2.80 billion), Standard Chartered Bank (Rs 2.62 billion), Laxmi Sunrise Bank (Rs 2.49 billion), and Machhapuchchhre Bank (Rs 2.17 billion, up 44.25%). Additionally, Agricultural Development Bank brought in Rs 1.95 billion, Citizens Bank International earned Rs 1.74 billion, and Prabhu Bank cleared Rs 1.50 billion.
Severe Profit Contractions at Top Institutions
Conversely, prolonged economic headwinds severely dented the earnings of several major market players:
| Bank |
Current Net Profit |
YoY Change |
Status |
| Himalayan Bank |
Rs 1.16 billion |
+28.59% |
Moderate Recovery |
| Prabhu Bank |
Rs 1.50 billion |
-34.91% |
Second sharpest contraction |
| NIC Asia Bank |
Rs 50.77 crore |
-38.81% |
Sharpest decline (down from Rs 82.97 crore) |
NIC Asia Bank—previously known for its hyper-aggressive retail and market expansion—slipped to the bottom of the profitability tier this year.
Mixed Macroeconomic Signals
Financial analysts suggest that this earnings disparity directly mirrors the fragile state of the Nepalese economy.
Outliers like Kumari Bank engineered massive profit turnarounds by cleaning up legacy bad loans through rigorous recovery frameworks. Conversely, large-scale institutions like NIBL, Global IME, and NIC Asia saw their bottom lines squeezed as they were forced to heavily bump up loan-loss provisions to shield against defaults stemming from the ongoing market slowdown.
With the fiscal year wrapping up in mid-July, these 11-month indicators have set high stakes and intense market anticipation for the upcoming audited annual financial blueprints.
