Commercial Banks Earn 19.11 Billion NPR Profit in First Quarter of FY 2083/84
Summary
Commercial banks in Nepal earned a combined profit of 19.11 billion rupees in the first quarter of FY 2083/84, with 10 lenders making more than 1 billion rupees each. Nabil Bank led the sector with 2.55 billion rupees in profit, followed by Global IME Bank and Rastriya Banijya Bank.
Key Points
- Commercial banks in Nepal posted a combined profit of 19.11 billion rupees in the first quarter of FY 2083/84.
- Nabil Bank led all commercial banks with a net profit of 2.55 billion rupees, up from 1.75 billion last year.
- Global IME Bank earned 2.31 billion rupees, while state-owned Rastriya Banijya Bank reported 1.64 billion rupees.
- Citizens Bank returned to profit after a loss in the same quarter last year, and several other banks more than doubled earnings.
