KATHMANDU: In the unaudited financial statements for the fourth quarter of the fiscal year 2080/81, twenty commercial banks collectively achieved a net profit of Rs 64.15 billion.
Nabil Bank led the profit rankings with a notable net profit of Rs 7.06 billion, reflecting a 10.23% increase from the same period last fiscal year.
Global IME Bank came in second with a profit of Rs 6.01 billion, while Nepal Investment Mega Bank secured the third position with Rs 5.19 billion.
Machhapuchhre Bank recorded the lowest net profit of Rs 1.25 billion for the fiscal year.
Similarly, Citizens Bank International and NIC Asia Bank reported profits around Rs 1.3 billion, and Nepal Bank earned Rs 1.65 billion.
Prabhu Bank showed the most remarkable growth, with a net profit surge of 1499.04% during the review period.
Kumari Bank’s profit increased by 345.67%, Prime Commercial Bank’s by 267.19%, and Agriculture Development Bank’s by 176.23%, largely due to adjustments in the previous fiscal year’s financial statements.
On the other hand, ten commercial banks experienced a decline in net profit.
NIC Asia Bank saw the largest drop with a 68.91% decrease, Nepal Bank’s profit fell by 51.80%, and Citizens Bank International’s profit decreased by 27.97%.
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