NRB Publishes Net Profit Report for Shrawan: Global IME Bank and Shine Resunga Development Bank Lead Their Sectors

Nepal Rastra Bank has released the financial performance report for commercial and development banks for the first month of fiscal year 2081/82, ending in Shrawan.

Commercial Banks:

The collective net profit of commercial banks reached Rs. 9.17 Arba. Global IME Bank took the lead with a net profit of Rs. 89.24 Crores, overtaking Nabil Bank, which reported earnings of Rs. 80.33 Crores. Agriculture Development Bank followed in third place, posting a net profit of Rs. 71.2 Crores for the period.

Other notable performers include Himalayan Bank and Nepal Investment Mega Bank, which reported profits in the higher range.

Meanwhile, Machhapuchchhre Bank recorded the lowest profit among commercial banks, earning Rs. 20.24 Crores.

Development Banks:

The development banking sector reported a total net profit of Rs. 85.37 Crores, despite six out of the 17 development banks facing losses.

Shine Resunga Development Bank led the sector, reporting a net profit of Rs. 20.2 Crores, outpacing Muktinath Bikas Bank, which posted Rs. 16.96 Crores in net profit. Mahalaxmi Bikas Bank followed closely with earnings of Rs. 10.57 Crores. At the lower end of the spectrum, Salapa Bank and Corporate Development Bank recorded minimal earnings, with Rs. 29.3 lakhs and Rs. 16.9 lakhs, respectively.

Furthermore, six banks within the development banking sector, including Narayani Development Bank, Saptakoshi Development Bank, Green Development Bank, Karnali Development Bank, Miteri Development Bank, and Excel Development Bank, reported net losses for the month.