Commercial Banks and Their Profitability in Second Quarter: A Comparison
Sun, Jan 31, 2021 3:12 PM on Financial Analysis, Exclusive,
All the commercial banks listed in NEPSE have published their quarterly reports for the second quarter of the fiscal year 2077/78.
Of the 26 commercial banks listed in NEPSE, 9 have reported a higher profit for the period compared to the corresponding period of the previous fiscal year 2076/77. Meanwhile, 17 others have reported a profit that is lower than the amount reported in the second quarter of the previous fiscal year 2076/77. Nonetheless, it should be noted that all commercial banks have remained profitable despite the pandemic.
Kumari Bank Limited (KBL) has reported the highest surge in its net profit in the second quarter of this fiscal year compared to the corresponding quarter of the previous fiscal year 2076/77. The bank's profit rose a massive 51.50%, i.e. more than half. KBL is closely tailed by NMB Bank with a profit rise of 47.69%.
On the other side of things, the profit of Himalayan Bank Limited (HBL) has fallen the most in the second quarter compared to the corresponding quarter of the previous fiscal year 2076/77. Although the bank has a profit of Rs. 65,32,68,000 in the second quarter of this fiscal year, this profit is 62.51% lower than that reported in the corresponding quarter of the previous fiscal year 2076/77. Nepal SBI Bank has the second-highest fall in profit: a staggering 48.55%. SBI has a profit of Rs. 51,48,60,000 in the second quarter of this fiscal year nonetheless.
Note: The monetary amount in the following table is in thousands, with the figures rounded off for simplicity.
|
Commercial Bank |
Profit Till 2nd Quarter of FY 2077/78 |
Profit Till 2nd Quarter of Previous FY |
Percentage Change |
|---|---|---|---|
|
NMB Bank Limited |
1,613,973 |
1,092,785 |
47.69 |
|
Siddhartha Bank Limited |
918,740 |
1,026,549 |
-10.50 |
|
Nepal Credit & Commerce Bank Limited |
614,004 |
756,348 |
-18.82 |
|
Kumari Bank Limited |
1,216,558 |
803,011 |
51.50 |
|
Laxmi Bank Limited |
807,115 |
903,029 |
-10.62 |
|
Machhapuchchhre Bank Limited |
802,774 |
821,758 |
-2.31 |
|
Everest Bank Limited |
961,904 |
1,509,829 |
-36.29 |
|
Nepal Bangladesh Bank Limited |
941,256 |
807,778 |
16.52 |
|
Nepal SBI Bank Limited |
514,860 |
1,000,752 |
-48.55 |
|
Himalayan Bank Limited |
653,268 |
1,742,406 |
-62.51 |
|
Standard Chartered Bank Nepal Limited |
727,639 |
1,226,913 |
-40.69 |
|
Nepal Investment Bank Limited |
1,586,609 |
1,666,112 |
-4.77 |
|
Nabil Bank Limited |
2,016,023 |
2,041,861 |
-1.27 |
|
Citizens Bank International Limited |
875,194 |
687,701 |
27.26 |
|
Prime Commercial Bank Limited |
1,813,330 |
1,300,787 |
39.40 |
|
Sunrise Bank Limited |
942,412 |
944,388 |
-0.21 |
|
Agricultural Development Bank Limited |
1,321,689 |
1,581,727 |
-16.44 |
|
Sanima Bank Limited |
1,062,796 |
1,147,465 |
-7.38 |
|
Mega Bank Nepal Limited |
1,304,472 |
950,205 |
37.28 |
|
Civil Bank Limited |
202,884 |
316,247 |
-35.85 |
|
Century Commercial Bank Limited |
466,599 |
650,287 |
-28.25 |
|
Nepal Bank Limited |
1,350,423 |
1,352,397 |
-0.15 |
|
Global IME Bank Limited |
2,315,118 |
1,685,908 |
37.32 |
|
NIC Asia Bank Limited |
2,060,538 |
2,016,226 |
2.20 |
|
Prabhu Bank Limited |
1,518,684 |
1,085,774 |
39.87 |
|
Bank of Kathmandu |
708,511 |
883,817 |
-19.84 |
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