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

Nepal Rastra Bank has released the financial performance report for commercial and development banks for till the Seventh month of the fiscal year 2082/83, ending in Magh.

Commercial Banks:

The collective net profit of commercial banks reached Rs. 47.01 Arba during the review period. Nabil Bank Limited took the lead with a net profit of Rs. 5.38 Arba, followed by Global IME Bank Limited which reported earnings of Rs. 4.14 Arba. Kumari Bank Limited ranked third, posting a net profit of Rs. 3.17 Arba for the period.

Other notable performers include Everest Bank Limited and Prime Commercial Bank Limited, which reported profits in the higher range among the sector.

Meanwhile, Laxmi Sunrise Bank Limited recorded the least net profit among commercial banks at Rs. 24.27 Crores.

 Development Banks:

The development banking sector reported a total net profit of Rs. 4.01 arba, despite several development banks posting losses.

Muktinath Bikas Bank led the sector with a net profit of Rs. 82.15 Crores, followed by Garima Bikas Bank with Rs. 77.94 Crores. Shine Resunga Development Bank secured the third position with earnings of Rs. 51.82 Crores. At the lower end, Saptakoshi Development Bank and Green Development Bank recorded minimal earnings, with Rs. 2.73 crores and Rs. 1.72 crores, respectively.

Furthermore, four banks in the development banking sector Corporate Development Bank, Salapa Bikas Bank, Sindhu Bikas Bank, and Narayani Development Bank reported net losses during the period. Narayani Development Bank posted the highest loss of Rs. 5.15 Crores among the development banks.