RBB, Nabil and NIB has highest net profit till two months of FY 76/77; check out other financials of all banks

The central bank and regulator of Banks and Financial Institutions, Nepal Rastra Bank has published the monthly statistics regarding the financial progress of commercial banks till the month of Bhadra for current FY 76/77.

DEPOSITS

Comparing the commercial banks in terms of deposits collected, Rastriya Banijya Bank (RBB) leads the list with massive deposits worth Rs.181.23 Billion till end of Bhadra. RBB was followed by NIC Asia Bank (NICA) and Nabil Bank Limited (NABIL) with deposits of Rs.180.95 Billion and Rs.169.09 Billion respectively. Apart for the above mentioned, only Nepal Investment Bank (NIBL) crossed Rs.150 Billion in deposits.

Century Bank Limited (CCBL), Nepal Bangladesh Bank (NBB) and Civil Bank Limited (CBL) have the lowest deposits in the industry at Rs.65.25 Billion, Rs.58.13 Billion and Rs.44.53 Billion respectively.

LOANS AND ADVANCES

In terms of loans and advances, NIC Asia Bank (NICA) stood ahead with loans worth Rs.163.77 billion till Bhadra end. NICA was followed by RBB and NABIL with loans worth Rs.145.23 Billion and Rs.137.56 Billion respectively. Civil Bank Limited (CBL) stands at the bottom of the list with loans worth Rs.45.24 Billion, which is more than the deposits collected. NBB and Standard Charted Bank (SCB) stand at the bottom three along with CBL.

NET PROFITS

RBB tops the industry in terms of net profits till Bhadra end. The government owned commercial bank was able to earn a net profit of Rs.1013.80 Million in the review period. RBB was followed by NABIL and NIB with net profit of Rs.751.74 Million and Rs.720.56 Million respectively. NICA posted the lowest net profit of Rs.12.81 Million.

Out of 28 commercial Banks, 9 reported a net loss till the end of Bhadra 2076. The highest net loss was posted by Kumari Bank Limited (KBL) at Rs.790.67 Million followed by Nepal Bank Limited (NBL) with net loss of Rs.768.33 Million. Other banks with net loss were Prime Bank (PCBL), NBB, CBL, Janata Bank (JBNL), Laxmi Bank (LBL), Nepal Credit & Commerce Bank (NCC) and CCBL.

NET INTEREST INCOME

The net interest income was arrived at by deducting interest expenses from interest income till the end of Bhadra 2076. Banks with highest net interest income were RBB, NABIL and NIB with Rs.1433.55 Million, Rs.1261.28 Million and Rs.1085.29 Million respectively. Apart from the above mentioned, only Global IME Bank (GBIME) was able to cross net interest income of Rs.1000 Million. NIC Asia Bank reported the lowest positive net interest income at Rs.12.81 Million.

Similar to that of net profits, the above mentioned nine commercial banks reported a negative net interest income till Bhadra end. PCBL has the highest negative net interest income of Rs.581.61 Million followed by KBL at Rs.579 Million and NBL at Rs.485 Million.