Kathmandu. Commercial banks have earned a net profit of Rs 30.5 billion in the second quarter of the current fiscal year.
According to the data released by the banks till mid-January of the current fiscal year, the net profit of 20 commercial banks stood at Rs 30.59 billion. Last year, 2081. The commercial banks had earned a net profit of Rs 27.43 billion till January 2018. In the review period, the profit of the banks decreased by 11.51 percent compared to the previous year.
According to the statistics, Nabil Bank is the highest profiter followed by Kumari Bank in terms of growth rate.
During the review period, Nabil Bank earned a net profit of Rs 4.75 billion. The bank had posted a net profit of Rs 3.24 billion in the same period last year. The profit of the bank has increased by 46.71 percent.
Similarly, Global IM Bank is the second highest profiter. During the review period, the bank earned a net profit of Rs 3.25 billion. The bank had posted a net profit of Rs 3,05 crore in the same period last year. Compared to the previous year, the profit of the bank increased by 6.50 percent.
Kumari Bank is the third highest profiter. During the review period, the bank earned a net profit of Rs 2.72 billion. The bank had posted a net profit of Rs 27.57 crore in the same quarter last year. In the review period, the profit increased by 886.50 percent compared to the previous year.
Similarly, Everest Bank and Prime Bank earned a net profit of Rs 2.04 billion during the review period. Everest had posted a net profit of Rs 2.07 billion in the same period a year ago, while Prime had posted a net profit of Rs 1.86 billion. Compared to the previous year, Everest Company’s profit increased by 2.04 percent and Prime by 9.27 percent.
Compared to the previous year, the net profit of 11 banks increased while the profit of 9 banks decreased. In the review period, Sitjohns Bank was the biggest loss-making bank and NIC Asia Bank was the lowest gainer.
