Kathmandu. Commercial banks have earned more than Rs 18 billion in the current fiscal year 2083. As of August 2018, they have earned more than Rs 18 billion.
According to the data released by the Nepal Rastra Bank, 20 commercial banks have earned a profit of Rs 17.81 billion till August of the current financial year. In the previous year, 2082. By August 2018, these banks had earned a profit of Rs 16.59 billion. The profit of the banks increased by 7.32 percent during the review period compared to the previous year.
According to the data, Nabil Bank is the highest profiter, while Himalayan Bank is ahead in terms of growth rate. As compared to August last year, the profit of 13 commercial banks has increased and 7 have decreased.
Nabil Bank has earned a net profit of Rs 1.80 billion in the current financial year. The bank had earned Rs 1.32 billion in the same period last year. The profit of the bank increased by 35.83 percent in the review period compared to the previous year.
Similarly, Global IME Bank is the second highest profit-earner. The bank earned a profit of Rs 1.62 billion in the review period till August last year, up 4.07 percent from Rs 1.69 billion in the review period.
Nepal Investment Mega Bank is the third highest profiter. The bank has earned a profit of Rs 1.27 billion till August of the current financial year. The bank had earned a profit of Rs 1.26 billion in the previous year. The profit of the bank increased by 0.91 percent in the review period compared to the previous year.
Himalayan Bank is ahead in terms of profit growth. The bank has earned a profit of Rs 57.51 crore during the review period. This is 55.13 percent higher than the same period last year. In the previous year, the bank had earned a profit of Rs 37.07 crore.
Similarly, Nepal SBI Bank has earned the lowest profit. The bank has earned a profit of Rs 41.59 crore till August of the current year. The bank had earned a profit of Rs 35.45 crore in the same period of the previous year. The profit of the bank increased by 17.32 percent in the review period compared to the previous year.
Whose profit is what?
