NRB Report Highlights Commercial and Development Banks' Net Profits up to Jestha; NABIL Tops the Charts Once More
Sun, Jul 14, 2024 10:03 AM on Financial Analysis, Company Analysis, National, Latest,
Nepal Rastra Bank has recently released statistics detailing the financial performance of commercial banks and development banks for the initial eleven months of the current fiscal year 2080/81, ending in Jestha.
Commercial Banks:
In the first eleven months of the fiscal year 2080/81, the collective net profit of commercial banks in Nepal amounted to Rs. 56.45 Arba. Notably, Nabil Bank emerged as the frontrunner, securing the highest net profit of Rs. 6.33 Arba. Global IME Bank followed closely with earnings of Rs. 5.09 Arba, and Nepal Investment Mega Bank secured the third position with a net profit of Rs. 4.38 Arba during this period.
In contrast, Nepal Bank reported the lowest net profit among commercial banks, standing at Rs. 1.07 Arba.
Development Banks:
On the flip side, Green Development Bank and Corporate Development Bank reported the lowest in the sector, with earnings of Rs. 1.88 crores and Rs. 1.79 crores, respectively.
Notably, Narayani Development Bank, Saptakoshi, Salapa, and Excel Development Bank faced challenges as they grappled with net losses during the same period.
