Commercial Banks Earn Nearly Rs 54 Billion in 11 Months of FY 2081/82

Kathmandu – Nepal’s commercial banking sector has recorded a net profit of nearly Rs 54 billion in the first 11 months of the current fiscal year 2081/82. According to the latest financial reports, the 20 commercial banks operating in the country have collectively earned a net profit of Rs 53.97 billion by the end of Jestha (mid-May to mid-June).

This figure represents a 4.97 percent increase compared to the same period in the previous fiscal year, when commercial banks had posted a total profit of Rs 56.79 billion. The profit also shows a notable monthly growth, rising by Rs 6.18 billion from Baisakh’s Rs 47.79 billion.

Nabil Bank continues to lead the sector, reporting the highest profit of Rs 6.40 billion, a 1.10 percent year-on-year increase. Global IME Bank followed closely, with a profit of Rs 6.03 billion, marking a significant 18.59 percent growth. Nepal Investment Mega Bank stood third with Rs 5.68 billion in profit, up by 29.83 percent.

Other notable performers include Everest Bank, which recorded a 28 percent rise in profit to Rs 4.24 billion, and Nepal Bank, which posted an impressive 185.27 percent surge in profit to Rs 3.07 billion. NMB Bank also saw a 9.18 percent increase, reaching Rs 3.03 billion in net profit.

Several banks, however, reported a downturn in profitability. Prime Bank’s profit declined by 18.29 percent to Rs 2.90 billion, while Standard Chartered Bank recorded a 9.70 percent drop to Rs 2.72 billion. Prabhu Bank saw a 23.80 percent fall to Rs 2.31 billion, Siddhartha Bank posted a 2.29 percent decrease to Rs 2.21 billion, and Rastriya Banijya Bank’s profit dipped by 28.09 percent to Rs 2.20 billion.

Kumari Bank reported the lowest profit among all commercial banks, with net earnings plummeting by 77.84 percent to just Rs 371.08 million. NIC Asia Bank’s profit declined sharply by 62.88 percent to Rs 829.74 million, while Himalayan Bank’s profit stood at Rs 905.39 million.