23 commercial banks earns net profit above Rs 1 billion
KATHMANDU, August 29: The net profit of 23 commercial banks has crossed the billion-mark in the last Fiscal Year 2016/17. Six commercial banks are the new members to the club of commercial banks with net profit of over Rs 1 billion.
KATHMANDU: Economic Digest offers a concise yet comprehensive overview of significant business happenings in Nepal, presented in easily digestible summaries. The recent report highlighting a 21.63% net profit increase among Nepal’s commercial banks in the first quarter of fiscal year 2081/82 underscores the resilience and growth potential of the banking sector. With a total profit […]
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 […]
KATHMANDU, AUGUST 5: All commercial banks have published their financial statements for the last fiscal year by Monday. Although the statements are unaudited, they are considered very important for investors.
Looking at the financial conditions disclosed by all 20 banks, the net profit of 10 has incr…
The total net profit of commercial banks increased by 5.89 percent and reached Rs 66.25 billion in fiscal year 2021-22 from Rs 62.56 billion in fiscal year 2020-21, as per the Bank Supervision Report 2021-22 released by the Nepal Rastra Bank (NRB) today.
