National Commercial Bank Reports Rs 4.55 Billion Profit in FY 2082/83
Summary
National Commercial Bank Limited posted a net profit of Rs 4.55 billion in FY 2082/83, up 60.68 percent year-on-year. The state-owned bank also reported stronger deposits, loan growth and improved operating income across its nationwide network.
Key Points
- National Commercial Bank Limited earned a net profit of Rs 4.55 billion by the fourth quarter of FY 2082/83, a 60.68 percent increase from the previous year.
- Net interest income rose to Rs 11.96 billion, while total operating income climbed 14.19 percent to Rs 15.05 billion.
- Deposits reached Rs 686.13 billion and net loans and advances stood at Rs 340.33 billion as of Asar 2083.
- The bank operates in all 77 districts, serving 4.87 million customers with branches, ATMs and QR merchants nationwide.
