Nepal’s Banking Sector Hits Rs. 49 Billion Profit Milestone; Growth Remains Highly Uneven
Summary
Nepal's commercial banking sector posted a net profit of Rs. 49.21 billion in the third quarter of fiscal year 2082, a 19.30% increase from the previous year, with Nabil Bank leading profits and Kumari Bank showing exceptional growth.
Key Points
- Nepal's commercial banking sector reported a net profit of Rs. 49.21 billion in Q3 of fiscal year 2082, marking a 19.30% increase compared to the previous year.
- Nabil Bank remains the highest earner with Rs. 6.76 billion net profit and 33.92% growth year on year.
- Kumari Bank had the highest growth rate of 1361.76%, rising from Rs. 285 million to Rs. 4.17 billion.
- Some banks like NIC Asia Bank, Prabhu Bank, and Nepal Investment Mega Bank saw significant declines in profits.
