NRB Report Highlights Commercial and Development Banks' Net Profits up to Baisakh; NABIL Tops the Charts Once More

Nepal Rastra Bank has released the financial performance report for commercial and development banks for till the tenth month of the fiscal year 2081/82, ending in Baisakh.

Commercial Banks:

The collective net profit of commercial banks reached Rs. 47.79 Arba. Nabil Bank took the lead with a net profit of Rs. 5.6 Arba, overtaking Global IME Bank, which reported earnings of Rs. 5.35 Arba. Nepal Investment Mega Bank followed in third place, posting a net profit of Rs. 5.02 Arba for the period.

Other notable performers include Everest Bank and Nepal Bank, which reported profits in the higher range.

Meanwhile, the NIC Asia Bank recorded the least net profit among commercial banks of Rs. 47.87 Crores.

Development Banks: 

Muktinath Bikas Bank led the sector, reporting a net profit of Rs. 87.68 Crores, outpacing Muktinath Bikas Bank, Garima Bikas Bank which posted Rs. 86.93 Crores in net profit. Shine Resunga Development Bank followed closely with earnings of Rs. 61.54 Crores. At the lower end of the spectrum, Green Development Bank and Corporate Development Bank recorded minimal earnings, with Rs. 2.32 crores and Rs. 1.56 crores, respectively. 

Furthermore, eight banks within the development banking sector, including Narayani Development Bank, Saptakoshi Development Bank, Karnali Development Bank, Salapa, Corporate Development Bank, and Excel Development Bank, reported net losses for the month.