KATHMANDU, July 13: Commercial banks, development banks and finance companies earned net profits of Rs 60.24 billion in the first 11 months of the current fiscal year (FY).
According to statistics unveiled by Nepal Rastra Bank (NRB), commercial banks earned total profits of Rs 53.97 billion, development banks earned Rs 5.46 billion and finance companies recorded net profits of Rs 806.1 million in the review period. Among the commercial banks, Nabil Bank and Global IME Bank secured profits of Rs 6.40 billion and 6.03 billion, respectively.
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Nepal Investment Mega Bank earned profits of Rs 5.68 billion. Kumari Bank’s profits stood at Rs 371.08 million, the least in the row.
Among development banks, Muktinath Bikash Bank topped the list with profits of Rs 1.03 billion, followed by Garima Bikash Bank with Rs 1.01 billion. Likewise, Manju Shree Finance and ICFC Finance companies earned net profits of Rs 244.3 million and Rs 240.7 million, respectively.
