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 2079/80.

Commercial Banks

Data shows that commercial banks together have realized a total net profit of Rs. 36 Arba and 89 crores. Out of the 22 commercial banks, Nabil Bank stands at the top position with a net profit of Rs. 4 Arba and 13 crores. Likewise, NIC Asia Bank has realized a net profit of Rs. 3 Arba and 67 crores. Meanwhile, Global IME Bank has realized a net profit of Rs. 3 Arba and 55 Crores. On the contrary, Agriculture Development Bank has the least net profit of Rs. 10 crores.

- Global IME Bank and Bank of Kathmandu, after their successful merger, have kickstarted the joint transaction in the name of Global IME Bank from Poush 25, 2079.

- After a successful acquisition of Century Commercial Bank by Prabhu Bank, the joint transaction of Prabhu Bank started from Poush 26, 2079.

- Nepal Investment Bank and Mega Bank have begun a joint operation in the name of Nepal Investment Mega Bank Limited following their successful merger on Poush 27, 2079.

- Kumari Bank and Nepal Credit and Commerce Bank have begun joint transactions as Kumari Bank Limited from Poush 17, 2079.

Development Banks

Similarly, in the seven months of the current fiscal year 2079/80, development banks have succeeded to make a total net profit of Rs. 3 Arba and 19 crores. 5 of the 17 development bank have realized net losses during this period. Whereas, Muktinath Bikas Bank has realized an impressive net profit of Rs. 73.7 crores, the highest in the industry. Likewise, Garima Bikas Bank stands in the second position with a net profit of Rs. 58.7 crores. Shine Resunga Development Bank, with a net profit of Rs.49 crores, stands in the third position.

On the opposite, data from NRB shows that Karnali and Corporate development banks reported the least profit of Rs. 1.2 Crores and Rs. 1.18 Crores respectively. However, 5 development banks, viz, Salapa, Sindu, Excel, Narayani, and Saptakoshi Development Bank reported net losses during the period.

Finance Companies

Finance companies have made a total net profit of Rs. 62.1 Crores. Out of the 17 companies, three finance company reported a net loss in the first seven months, while the rest 14 are in a profit.

Capital Merchant Banking & Finance Limited comes first on the list with a net profit of Rs. 15.6 crores. Likewise, Manju Finance and Gurkha Finance stand in the second and third positions with a net profit of Rs. 15.5 crores and Rs. 8 crores respectively. However, Reliance, Progressive and Samriddhi finance company have reported net losses of Rs. 2.9 Crores, Rs. 3.3 Crores and Rs. 13.2 Crores respectively.