Financial Standing of 28 commercial banks in Q3

Apr 30, 2018 Merolagani

All 28 commercial banks operating in Nepal has published their third quarter financial report of the current FY. According to the Q3 report published by the banks, six banks have failed to maintain their paid-up capital to Rs 8 billion as per the directive of NRB.

 

The commercial banks have earned accumulated Rs 39 billion net profit in the third quarter. Among the banks, Rastriya Banijya Bank earned the highest net profit of Rs 3.08 billion followed by Nepal Investment Bank at Rs 2.83 billion and Nabil Bank at Rs 2.80 billion.

During the period, EPS of most of the banks have declined. In the review period, Nabil Bank has logged the highest EPS of Rs 46.73 while Civil Bank has logged the lowest EPS of Rs 6.70.

 

Out of the 28 commercial banks, six banks have not met the minimum paid-up capital requirement of Rs 8 billion. NCC Bank, Kumari Bank, Civil Bank, NMB Bank, Bank of Kathmandu and Mega Bank have fallen short of meeting the minimum paid-up capital.

NCC Bank has the lowest paid-up capital of Rs 4.68 billion. The bank is planning to issue 50 percent right issue in a bid to meet the paid-up capital. Kumari Bank has paid-up capital of Rs 5.97 billion. The bank is yet to distribute a dividend of the last FY. Similarly, Civil Bank has paid-up capital of Rs 6.93 billion and NMB Bank has paid-up capital of Rs 6.46 million. BOK has paid-up capital of Rs 7.07 billion. The bank is planning to distribute bonus share so that to meet the minimum paid-up capital. Likewise, Mega Bank has a paid-up capital of Rs 7.38 billion. The bank is in the merger process with Tourism Bank. After the merger, the bank will have a paid-up capital of Rs 8 billion.


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