NRB Report Highlights Commercial and Development Banks' Net Profits up to Kartik; NABIL Tops the Charts Once More

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

Commercial Banks:

The collective net profit of commercial banks reached Rs. 22.29 Arba. Nabil Bank took the lead with a net profit of Rs. 2.69 Arba, overtaking Globel Ime Bank, which reported earnings of Rs. 2.11 Arba. Nepal Investment Mega Bank followed in third place, posting a net profit of Rs. 1.82 Arba for the period.

Other notable performers include Prime Commercial Bank and Kumari Bank, which reported profits in the higher range.

Meanwhile, the Agriculture Development Bank recorded a net loss profit among commercial banks of Rs. 22.77 Crores.

Development Banks: 

The development banking sector reported a total net profit of Rs. 2.03 Arba, despite eight out of the 17 development banks facing losses.

Muktinath Bikas Bank led the sector, reporting a net profit of Rs. 42.29 Crores, outpacing Muktinath Bikas Bank, Garima Bikas Bank which posted Rs. 36.84 Crores in net profit. Shine Resunga Development Bank followed closely with earnings of Rs. 35.43 Crores. At the lower end of the spectrum, Jyoti Bikas Bank and Miteri Development Bank recorded minimal earnings, with Rs. 66.4 lakhs and Rs. 56 lakhs, respectively. 

Furthermore, eight banks within the development banking sector, including Narayani Development Bank, Saptakoshi Development Bank, Sindhu Bikas Bank, Karnali Development Bank, Green Development Bank, Salapa, Corporate Development Bank and Excel Development Bank, reported net losses for the month.