20 Commercial Banks Report Near 70 Billion NPR Profit in FY 2082/83
Summary
Twenty commercial banks in Nepal earned a combined net profit of nearly 69.9 billion rupees in FY 2082/83, up 32.32 percent from the previous year. Nabil Bank posted the highest profit, while Prabhu Bank slipped into loss and several other banks saw declines.
Key Points
- The net profit of 20 operating commercial banks reached 69 billion 88 crore 61 lakh rupees in FY 2082/83, a 32.32 percent rise from the previous year.
- Nabil Bank recorded the highest profit at 7 billion 90 crore 58 lakh rupees, followed by Kumari Bank and Global IME Bank.
- Prabhu Bank reported a net loss of 24 crore 12 lakh rupees after posting a profit the previous year.
- Himalayan Bank saw the sharpest percentage profit growth, while NIC Asia Bank returned to profit after a heavy loss last year.
