In the domestic securities market which is mainly dominated by banks and financial institutions, stock investors give special interest in net profit earned by commercial banks. Investors study quarterly reports of BFIs to make investment strategy. The investors make investment decisions on the basis of profit earned by BIFs in every quarter.
By January 22, only two commercial banks have published their second-quarter report. Out of which NIC Asia Bank logged a net profit of Rs 2 billion and Citizens Bank logged a net profit of Rs 687.7 million.
For the convenience of stock investors, Merolagani.com has calculated the net profit of the second quarter based on the profit earned by the commercial banks in the first quarter. As per the calculation, government-owned Rastriya Banijya Bank is likely to earn the highest net profit among the banks. The bank might earn a net profit of Rs 2.27 billion in the second quarter. In the first quarter of the current FY, the bank earned a net profit of Rs 1.12 billion.
Similarly, Nabil Bank seems to earn the second-highest profit of Rs 2.24 billion in the second quarter. The bank earned Rs 1.12 billion in the first quarter.
Apart from Rastriya Banijya Bank, Nabil Bank, Global IME Bank and NIC Asia Bank, the net profit of 12 banks might exceed Rs 1 billion in the review period.
Meanwhile, Civil Bank may earn the lowest net profit. The bank is likely to earn Rs 381.8 million in the net profit.
(Note: It is just a prediction calculated using various formulae. Merolagani advises investors not to take it as the final result to make an investment decision.)
