NRB Reveals Commercial and Development Banks' Net Profits Till Kartik FY 2080/81; NABIL Takes the Lead

Nepal Rastra Bank has recently released statistics detailing the financial performance of commercial banks and development banks for the initial four months of the current fiscal year 2080/81, ending in Kartik.

Commercial Banks:

In the first four months of the fiscal year 2080/81, the collective net profit of commercial banks in Nepal amounted to Rs. 21.62 Arba. Notably, Nabil Bank emerged as the frontrunner, securing the highest net profit of Rs. 2.17 Arba. Global IME Bank followed closely with earnings of Rs. 1.95 Arba, and NIMB secured the third position with a net profit of Rs. 1.87 Arba during this period.

In contrast, Siddhartha Bank reported the lowest net profit among commercial banks, standing at Rs. 33.38 Crores.

Development Banks:

Despite facing losses reported by four out of the 17 banks in this category, the development banking sector in Nepal recorded a net profit of Rs. 1.26 Arba. Muktinath Bikas Bank showcased remarkable performance, reporting an impressive net profit of Rs. 31.6 crore. Shine Resunga Development Bank closely followed with earnings of Rs. 25.05 crore.

On the flip side, Corporate Development Bank and Sindhu Bikas Bank reported the lowest profits in the sector, with earnings of Rs. 71.8 Lakhs and Rs. 87.3 Lakhs, respectively. Notably, Narayani, Saptakoshi, Salapa, and Excel Development Bank faced challenges as they grappled with net losses during the same period.