Banks and Finance Companies Report Impressive Profits Till Shrawan of 2080/81 While Few Companies Face Losses
Nepal Rastra Bank has unveiled recent statistics covering the net profit of commercial banks, development banks, and finance companies for up to Sharwan of the current fiscal year 2080/81.
Commercial Banks
Commercial banks collectively raked in a substantial net profit of Rs. 8.52 Arba, with Global IME Bank leading the pack at Rs. 99.23 crores in net profit. Not far behind, Nabil Bank boasted a healthy Rs. 75.55 crore, while Nepal Investment Mega Bank secured Rs. 74.79 crores.
However, Nepal SBI Bank found itself at the lower end with a net profit of Rs. 16.05 crores.
| S. No. | Commercial Banks | Net Profit (Rs in Million) |
|---|---|---|
| 1 | Global IME Bank Limited | 992.39 |
| 2 | Nabil Bank Limited | 755.52 |
| 3 | Nepal Investment Mega Bank Limited | 747.98 |
| 4 | Himalayan Bank Limited | 631.20 |
| 5 | Kumari Bank Limited | 577.10 |
| 6 | Rastriya Banijya Bank | 447.03 |
| 7 | Prime Commercial Bank Limited | 424.83 |
| 8 | Laxmi Sunrise Bank Limited | 415.40 |
| 9 | NIC Asia Bank Limited | 384.60 |
| 10 | NMB Bank Limited | 383.15 |
| 11 | Everest Bank Limited | 367.69 |
| 12 | Nepal Bank Limited | 360.42 |
| 13 | Agricultural Development Bank Limited | 331.61 |
| 14 | Prabhu Bank Limited | 299.85 |
| 15 | Siddhartha Bank Limited | 299.60 |
| 16 | Standard Chartered Bank Nepal Limited | 257.82 |
| 17 | Sanima Bank Limited | 251.97 |
| 18 | Citizens Bank International Limited | 247.62 |
| 19 | Machhapuchchhre Bank Limited | 188.66 |
| 20 | Nepal SBI Bank Limited | 160.54 |
Development Banks
Turning to development banks, the industry posted a commendable net profit of Rs. 96.24 crores, despite three out of the 17 banks reporting losses. Garima Bikas Bank stole the spotlight with an impressive Rs. 24.95 crore in net profit, closely followed by Muktinath Bikas Bank at Rs. 16.8 crore.
On the flip side, Green Development Bank and Salapa had the lowest profits at Rs. 53.6 Lakhs and Rs. 39.4 Lakhs, respectively, while Narayani, Karnali, and Miteri Development Bank grappled with net losses during the period.
| S. No. | Development Banks | Net Profit (Rs in Million) | Net Loss (Rs in Million) |
|---|---|---|---|
| 1 | Garima | 249.56 | - |
| 2 | Mukti | 168.04 | - |
| 3 | Kamana | 81.33 | - |
| 4 | Lumbini | 79.15 | - |
| 5 | Mahalaxmi | 78.58 | |
| 6 | Shine | 71.92 | - |
| 7 | Jyoti | 57.09 | - |
| 8 | Shangrila | 56.52 | - |
| 9 | Karnali | 45.65 | - |
| 10 | Sindhu | 28.59 | - |
| 11 | Corporate | 22.43 | - |
| 12 | Saptakoshi | 14.31 | - |
| 13 | Green | 5.36 | - |
| 14 | Salapa | 3.94 | - |
| 15 | Narayani | - | 3.83 |
| 16 | Excel | - | 174.41 |
| 17 | Miteri | - | 2.88 |
Finance Companies
In the realm of finance companies, the picture was largely positive, with 15 out of 17 companies posting profits. Capital Merchant Banking & Finance claimed the top spot with a robust Rs. 46.24 crores in net profit, while Pokhara Finance and ICFC Finance secured the second and third positions with Rs. 11.59 crores and Rs. 7.17 crores, respectively.
Nevertheless, Nepal Finance and Samriddhi Finance Company faced challenges, reporting net losses of Rs. 7.73 crores and Rs. 95 lakhs, respectively.
| S. No. | Development Banks | Net Profit (Rs in Million) | Net Loss (Rs in Million) |
|---|---|---|---|
| 1 | Capital Merchant Banking & Finance | 462.42 | - |
| 2 | Pokhara Finance | 115.92 | - |
| 3 | ICFC Finance | 71.73 | - |
| 4 | Progressive Finance | 36.57 | - |
| 5 | Gurkhas Finance | 19.55 | - |
| 6 | Guheswori Merchant Banking & Finance | 17.88 | - |
| 7 | Manjushree Finance | 8.61 | - |
| 8 | Janaki Finance Company | 7.38 | - |
| 9 | Central Finance | 6.44 | - |
| 10 | Shree Investment Finance Company | 4.81 | - |
| 11 | NSML | 2.98 | - |
| 12 | Best Finance Company | 2.87 | - |
| 13 | Multipurpose Finance Company | 1.71 | - |
| 14 | Goodwill Finance Company | 1.21 | - |
| 15 | Reliance Finance | 1.02 | - |
| 16 | Samriddhi Finance Company | - | 77.32 |
| 17 | Nepal Finance | - | 9.5 |
