Commercial Banks Profit Rs. 46 Arba Till Falgun of FY, 3 Development Banks and 2 Finance Companies in Loss

Nepal Rastra Bank has unveiled the recent statistics covering the net profit of commercial banks, development banks, and finance companies for up to Falgun of the current fiscal year 2078/79.

Commercial Banks

Data shows that commercial banks together have realized a total net profit of Rs. 46 Arba and 86 crores. Out of the 27 commercial banks, Global IME Bank stands at the top position with a net profit of Rs. 3 Arba and 46 crores. Likewise, NIC Asia Bank has realized a net profit of Rs. 3 Arba and 29 crores. Meanwhile, Nabil Bank has realized a net profit of Rs. 3.04 Arba. On the contrary, Civil Bank has the least net profit of Rs. 73 crores.

Development Banks

Similarly, in the eight months of the current fiscal year 2078/79, development banks have succeeded to make a total net profit of Rs. 4 Arba and 32 crores. 3 of the 17 development bank have realized net losses during this period. Whereas,  Muktinath Bikas Bank has realized an impressive net profit of Rs. 82.44 crores, the highest in the industry. Likewise, Garima Bikas Bank stands in the second position with a net profit of Rs. 66.20 crores. Mahalaxmi Bikas Bank, with a net profit of Rs. 47.34 crores, stands in the third position.

On the opposite, data from NRB shows that Corporate and Green Development Bank reported the least profit of Rs. 60 Lakhs and Rs. 1 Crore respectively. However, 3 development banks, viz, Karnali, Narayani, and Saptakoshi Development Bank reported net losses during the period.

Finance 

Finance companies have made a total net profit of Rs. 81.70 crores. Out of the 17 companies, two finance company reported a net loss in the first eight months, while the rest 15 are in a profit.

Best Finance Company comes first on the list with a net profit of Rs. 13.31 crores. Likewise, ICFC Finance and Goodwill Finance stand in the second and third positions with a net profit of Rs. 12.60 crores and Rs. 9.4 crores respectively. However, Multi and C Merchant finance company have reported net losses of Rs. 21.80 lakhs and Rs. 54.2 lakhs respectively.