Cumulative Net Profit of Commercial Banks by mid-February Amounts to Rs 36Bn

Mar 07, 2021 01:39 PM Merolagani



By mid-february, commercial banks have earned Rs 35.95 billion in net profit. As per Nepal Rastra Bank, the central bank of the country, in between mid-January to mid-February only, the banks earned nearly five billion in net profit.

By mid-January, the banks had earned Rs 30.91 billion in net profit. The profit increased by 16.30 percent during the period.

In the review period, Global IME Bank earned the highest net profit of Rs 2.70 billion followed by Nabil Bank. Nabil Bank earned Rs 2.38 billion in net profit in the last seven months.

Similarly, Nepal Investment Bank and Prime Bank have also earned Rs 2 billion in net profit. Nepal Investment Bank earned Rs 2.12 billion and Prime Bank earned Rs 2.12 billion in net profit.

In the review period, Civil Bank earned the lowest net profit. During the period, the bank earned Rs 282.9 million in net profit.

By mid-January, Citizens Bank, Laxmi Bank, Machhapuchchhre Bank, Nepal Bangladesh Bank, Bank of Kathmandu, Standard Chartered Bank, Himalayan Bank, NCC Bank, Nepal SBI Bank, Century Bank and Civil Bank earned less than one billion in net profit.

The government-owned Rastriya Banijya Bank and Agriculture Development Bank earned Rs 1.52 billion and Rs 1.58 billion in net profit during the period.

 




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