KATHMANDU, Jan 13: Commercial banks have made a net profit of Rs 30.59 billion in the first five months of the current fiscal year.
In five months of the current FY, commercial banks have increased their profit by 8.32 percent compared to the same period last year.
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According to the data of Nepal Rastra Bank (NRB), 19 commercial banks have earned a net profit of Rs 30.59 billion in the first five months. Similarly, 13 banks have increased their profits, while six banks have experienced a decline. The details of the Agricultural Development Bank have not been made public.
Among the banks, Nepal SBI Bank has seen the highest profit growth, increasing by 90.48 percent. The bank with the highest profit is Nabil Bank, which made a profit of Rs 3.49 billion.
Bankers said that despite the slowdown in economic activity, profits have increased due to some improvement in collections. The profits of Himalayan, Nepal Investment Mega, Rastriya Banijya, Citizens, NIC Asia and Sanima Bank have declined.
