Commercial Banks Earn Rs 41 Bn in Profit till Magh; Nabil Tops List

Mar 19, 2023 02:48 PM Merolagani

Commercial Banks have earned profit of Rs 41 billion by the seven months of the current FY.

As per the data published by NRB, 22 commercial banks earned a total of 41.028 billion in profit during the period. The banks earned Rs 7.27 billion in the month of Magh alone.

However, the increase in non-performing loans has strained the growth in the profit. The profit merely increased by Rs 1.22 billion compared to Rs 40.24 billion of the corresponding period of the last FY.

 Nabil Bank Top the List

Nabil Bank earned the highest profit of Rs 4.13 billion during the period followed by NIC Asia Bank and Global IME Bank. During the period, NIC Asia Bank earned Rs 3.67 billion in profit and Global IME Bank earned Rs 3.55 billion in profit.

Similarly, Rastriya Banijya Bank, a government owned bank, has earned Rs 3.06 billion and Nepal Investment Bank earned Rs 2.70 billion in profit.

In the meantime, Agriculture Development Bank logged the lowest profit of Rs 100 million. The bank had logged losses of Rs 1.28 billion a month prior, however, the recovery of loans pulled the bank toward profit.

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