20 Commercial Banks Report Q4 FY 2080/81 Results: Nabil Bank Tops Profit Charts with Rs 7.06 Arba, Industry Total Hits Rs 64.15 Arba

Twenty commercial banks have released their unaudited financial statements for the fourth quarter of the fiscal year 2080/81, collectively earning a net profit of Rs 64.15 Arba during the period.

Among these banks, 10 reported an increase in earnings for Q4 2080/81, while the remaining 10 experienced a decline in net profit. Nabil Bank emerged as the most profitable bank, with a net profit of Rs 7.06 Arba, marking a 10.23% increase from the same period the previous fiscal year. Global IME Bank followed with a profit of Rs 6.01 Arba, and Nepal Investment Mega Bank secured the third position with Rs 5.19 Arba in net profit.

Machhapuchhre Bank recorded the lowest net profit, earning Rs 1.25 Arba by the end of the last fiscal year. Citizens Bank International and NIC Asia Bank each reported profits hovering around Rs 1.3 Arba, while Nepal Bank earned Rs 1.65 Arba.

Prabhu Bank demonstrated the most significant improvement, with a net profit increase of 1499.04% during the review period. Kumari Bank's net profit rose by 345.67%, Prime Commercial Bank's by 267.19%, and Agriculture Development Bank's by 176.23%. The substantial profit increases are attributed to the revision of the previous fiscal year's financial statements.

Conversely, 10 commercial banks saw a decline in net profit during the review period. NIC Asia Bank experienced the steepest decline, with net profit falling by 68.91%. Nepal Bank's net profit decreased by 51.80%, while Citizens Bank International's net profit dropped by 27.97%.