Nepal’s Commercial Banks Net Profit Surges 32.33% to NPR 69.78 Arba in Q4 2082/83; Nabil Bank Leads
Summary
Nepal’s commercial banks posted a combined net profit of NPR 69.78 arba in Q4 of FY 2082/83, up 32.33% from the previous year. Nabil Bank led the sector in net profit, while Everest Bank topped distributable profit and distributable profit per share.
Key Points
- Nepal’s 20 class A commercial banks earned a combined net profit of 69.78 arba in Q4 FY 2082/83, compared with 52.73 arba a year earlier.
- Fourteen banks reported profit growth, while six contracted; Prabhu Bank was the only bank in the red.
- Nabil Bank led with 7.90 arba in net profit, followed by Kumari Bank and Global IME Bank.
- Everest Bank had the highest distributable profit and distributable profit per share, while NIC Asia Bank recorded the weakest distributable figures.
