Commercial Banks Report 21.63% Rise in Net Profit for Q1 FY 2081/82; NABIL Leads, SBL Shows Highest Growth

In the recently released financial report for the first quarter of fiscal year 2081/82, Nepal's commercial banks collectively reported a 21.63% increase in net profit, reaching Rs 16.23 Arba for the period.

Of the 20 banks, 12 recorded growth in earnings, while the remaining 8 saw a decline in net profit. Nabil Bank led the pack with the highest net profit, earning Rs 2.05 Arba, a 39.97% rise compared to the same period last year. Global IME Bank followed with a profit of Rs 1.51 Arba, while Nepal Investment Mega Bank took the third spot, securing Rs 1.46 Arba in net profit.

NIC Asia Bank posted the lowest profit, with earnings of Rs 11.05 Crores in Q1 2081/82. Meanwhile, Siddhartha Bank reported the highest improvement, with an extraordinary 791.46% surge in net profit, and Laxmi Sunrise Bank also saw significant growth, with a 420.53% rise in net profit during the review period.