Commercial banks record interest income of Rs 64.76 billion in first four months of current FY

Published On: December 30, 2023 08:45 PM NPT By: Republica  | @RepublicaNepal

KATHMANDU, Dec 30: Commercial banks have earned Rs 64.76 billion interest in four months of the current fiscal year (mid-July to mid-November).

This figure represents the combined interest income of 20 operational commercial banks during this period.

During the same period last year, commercial banks had earned Rs 63.82 billion as interest income. Interest income is the main source of income for banks. The amount is seen as a marginal increase compared to the same period of the previous fiscal year.

Global IME Bank leads with the highest interest income of Rs 6.21 billion, followed by Nabil Bank at Rs 5.48 billion and Nepal Investment Mega Bank at Rs 5.1 billion.

Similarly, Nepal Bank has earned interest income of Rs 2.8 billion till mid-November. Similarly, Rastriya Banijya Bank has earned Rs 3.31 billion, Standard Chartered Bank has earned Rs 1.82 billion, Himalayan Bank has earned Rs 4.1 billion and Nepal SBI Bank has earned Rs 1.82 billion interest income.

Everest Bank has earned Rs 2.48 billion, NIC Asia Bank has earned Rs 3.56 billion, Machhapuchhre Bank has earned Rs 1.72 billion, Kumari Bank has earned Rs 4.60 billion, Laxmi Sunrise Bank has earned Rs 3.82 billion, Siddhartha Bank has earned Rs 2.65 billion and Agricultural Development Bank Bank has earned Rs 2.96 billion as interest income.

In addition, Citizens Bank has earned Rs 1.99 billion, Prime Commercial Bank has earned Rs 2.62 billion, NMB Bank earned Rs 2.84 billion, Prabhu Bank earned Rs 2.81 billion and Sanima Bank has generated interest income of Rs 2.1 billion.


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