Commercial Banks Report Rs 38 Billion Profit in First Seven Months of Fiscal Year Amid Mixed Performance
Summary
Commercial banks in Nepal earned a total profit of NPR 38 billion in the first seven months of the fiscal year, with mixed results as half of the banks saw increased profits and the other half faced declines.
Key Points
- Commercial banks earned a profit of NPR 38.0166 billion in the first seven months of the fiscal year, marking a 5.40% decrease compared to the previous year.
- Nabil Bank recorded the highest profit at NPR 5.38 billion, followed by Global IME Bank with NPR 4.14 billion.
- Kumari Bank had the largest profit increase of 329.87%, while Laxmi Bank experienced the largest decline of 84.73%.
- Five banks including Nabil Bank and Global IME Bank showed significant profit growth, while ten banks reported decreased profits compared to last year.
