Commercial banks’ profit soars above 34 billion during 1st half of current fiscal year

Published On: January 27, 2022 07:30 AM NPT By: Republica  | @RepublicaNepal

KATHMANDU, Jan 27: Commercial banks were able to increase their profits by 10.09 percent in the first six months of the current fiscal year.

According to the financial reports unveiled by the banks, the profits stood at Rs 34.21 billion during mid-July and mid-January this year, up from Rs 31.07 billion in the same period last year. Out of the 27 commercial banks, Global IME Bank earned the largest of Rs 2.66 billion, an increase of 15.04 percent. With earnings of Rs 2.40 billion, NIC Asia Bank was the second in the row.

The profits of six banks — Prabhu Bank, Everest Bank, Nepal Bangladesh Bank, Kumari Bank, Prime Bank and Sunrise Bank — declined during the review period. The profits of 11 banks could not cross Rs 1 billion. 


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