KATHMANDU: Ten commercial banks have released their financial statements for the fiscal year 2024/25, showing overall improvement in financial health, according to preliminary data.
Aggressive loan collection measures have helped reduce non-performing loans (NPLs), contributing to higher profits for most banks.
Among the banks, Nabil Bank recorded the highest net profit of Rs 7.12 billion, up from Rs 6.19 billion in the previous fiscal year. In terms of profit growth, Kumari Bank saw the sharpest increase, reporting a net profit of Rs 2.11 billion, compared to just Rs 46 million the year before, a growth of 45,829%.
Other notable net profits include Everest Bank (Rs 4.92 billion), Himalayan Bank (Rs 1.51 billion), Agricultural Development Bank (Rs 3.82 billion), Sanima Bank (Rs 2.57 billion), Siddhartha Bank (Rs 3.40 billion), NMB Bank (Rs 3.28 billion), Machhapuchhre Bank (Rs 2.01 billion), and Citizens Bank (Rs 1.29 billion).
Everest Bank reported the lowest NPL ratio at 0.38%, while Himalayan Bank had the highest at 7.28%. Other banks’ NPLs included Agricultural Development Bank (3.26%), Sanima Bank (1.21%), Nabil Bank (4.27%), Siddhartha Bank (2.62%), NMB Bank (3.72%), Machhapuchhre Bank (3.83%), Citizens Bank (4.94%), and Kumari Bank (6.42%).
In terms of earnings per share (EPS), Everest Bank led with Rs 37.99, while Himalayan Bank reported the lowest EPS at Rs 6.98. Other EPS figures included NMB Bank (Rs 17.87), Machhapuchhre Bank (Rs 17.31), Kumari Bank (Rs 8.07), Siddhartha Bank (Rs 24.10), Agricultural Development Bank (Rs 27.63), Citizens Bank (Rs 8.76), Sanima Bank (Rs 18.93), and Nabil Bank (Rs 26.34).
Everest Bank also topped net worth per share with Rs 247.39, followed by Nabil Bank (Rs 235.58), Sanima Bank (Rs 168.83), Citizens Bank (Rs 155.42), Agricultural Development Bank (Rs 241.04), Siddhartha Bank (Rs 219.97), NMB Bank (Rs 180.68), Himalayan Bank (Rs 175.07), Kumari Bank (Rs 142.19), and Machhapuchhre Bank (Rs 163.8).
Comment