Global IME Bank tops profit chart in Shrawan

Kathmandu, September 17 — In the first month of the current fiscal year, commercial banks have earned a profit of NPR 9.17 billion. According to the Nepal Rastra Bank, this profit was achieved by 20 commercial banks. This profit represents a 7.63% increase compared to the same period last year, when banks earned NPR 8.52 billion.

During this period, Global IME Bank reported the highest profit, amounting to NPR 890 million. Similarly, Nabil Bank earned NPR 830 million, Agricultural Development Bank NPR 710 million, Himalayan Bank NPR 580 million, and Nepal Investment Bank NPR 570 million.

Prabhu Bank made a profit of NPR 530 million, Prime Commercial Bank NPR 500 million, Kumari Bank NPR 500 million, Laxmi Bank NPR 430 million, NMB Bank NPR 420 million, Everest Bank NPR 420 million, and Sanima Bank NPR 380 million.

Additionally, Rashtriya Banijya Bank earned NPR 360 million, Siddhartha Bank NPR 340 million, Citizens Bank NPR 340 million, Nepal SBI Bank NPR 330 million, Standard Chartered Bank NPR 310 million, NIC Asia Bank NPR 260 million, Nepal Bank NPR 220 million, and Machapuchhre Bank NPR 200 million. 

During this period, 13 banks saw an increase in profit, while 7 banks experienced a decrease.

Compared to the first month of the previous year, 6 companies maintained their profit positions. Global IME Bank and Nabil Bank retained the first and second positions, respectively, while Himalayan Bank remained in fourth, Prime Bank in seventh, NMB Bank and Everest Bank in tenth and eleventh positions, respectively.

Agricultural Development Bank improved its position to third, and Prabhu Bank moved up to sixth. Sanima Bank rose to twelfth, Nepal SBI Bank improved to sixteenth, and Citizens Bank advanced to fifteenth. Siddhartha Bank climbed to fourteenth place.

This year, NIC Asia dropped 9 positions to eighteenth, Rashtriya Banijya Bank fell 7 positions to thirteenth, and Nepal Bank decreased 7 positions to nineteenth. Kumari Bank fell 3 positions to eighth, Investment Bank dropped 2 positions to fifth, and Laxmi, Standard Chartered, and Machapuchhre Banks fell one position each to ninth, seventeenth, and twentieth places, respectively.