Commercial Banks Profit Rs. 40.24 Arba in First Seven Months 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 Magh of the current fiscal year 2078/79.

Commercial Banks

Data shows that commercial banks all together have realized a total net profit of Rs. 40 Arba and 24 crores. Out of the 27 commercial banks, Global IME Bank stands at the top position with a net profit of Rs. 3 Arba and 3 crores. Likewise, NIC Asia Bank has realized a net profit of Rs. 2 Arba and 85 crores. Meanwhile, Nabil Bank has realized a net profit of Rs. 2 Arba and 62 crores. On the contrary, Civil Bank has the least net profit of Rs. 61 crores.

Development Banks

Similarly, in the first seven months of the current fiscal year 2078/79, development banks have succeeded to make a total net profit of Rs. 3 Arba and 88 crores. Among the 17 development banks, 3 have reported net losses in the period. Muktinath Bikas Bank has realized an impressive net profit of Rs. 69.78 crores, the highest in the industry. Likewise, Garima Bikas Bank stands in the second position with a net profit of Rs. 56.65 crores. Mahalaxmi Bikas Bank, with a net profit of Rs. 52.83 crores, stands in the third position. On the opposite, data of NRB shows that Karnali, Narayani, and Saptakoshi Development Bank reported net losses during the period.

Finance

Finance companies have made a net profit of Rs. 77.64 crores. Out of the 17 companies, two finance companies have reported a net loss in the first seven months, while the rest 15 are in a profit. Best Finance Company comes first on the list with a net profit of Rs. 13.04 crores. Likewise, ICFC Finance and Goodwill Finance stand in the second and third positions with a net profit of Rs. 10.17 crores and Rs. 8.61 crores respectively. Samriddhi Finance and Capital Merchant finance have reported net losses of Rs. 19.16 lakhs and Rs. 4.48 lakhs respectively.