January 22, 2023 | Investopaper
Until the second quarter of the current fiscal year 2079/80, 20 commercial banks have reported the net profit of Rs. 30.06 Arba. The average profit of the banks stood at Rs. 1.50 Arba. The profit grew by almost 8 percent as compared to the corresponding period of the previous year.
Note: Two banks, namely Nepal Investment Bank and Kumari Bank have yet to publish the quarterly report.
Eight banks have disclosed a fall in profit. Nabil Bank (NABIL) has remained as the number one bank in terms of net profit. NABIL has posted a profit of Rs 3.41 Arba in the six months period. NIC Asia Bank (NICA) is at number two spot with Rs 3.27 Arba in net profit while Global IME Bank occupies the third spot with Rs 3.23 Arba profit.
On the other hand, Agricultural Development Bank (ADBL) has reported a net loss of Rs. 12 crores. Likewise, Civil Bank Limited (CBL) and Sunrise Bank Limited (SRBL) have earned profit of Rs. 63 crores and Rs. 65 crores respectively. .
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The ranking of the commercial banks of Nepal based on the net profit is presented in the table below:
Net Profit of Commercial Banks in Nepal- Q2, FY 2079/80
Net Profit In Rs.’Arba’
|Rank||Commercial Banks||Q2, FY 2079/80||Q2, FY 2078/79||Percent Change|
|2||NIC Asia Bank||3.27||2.4||36.25|
|3||Global IME Bank||2.78||2.66||4.51|
|4||Rastriya Banijya Bank||2.71||1.91||41.88|
|6||Standard Chartered Bank Nepal||1.75||1.08||62.04|
|7||Prime Commercial Bank||1.65||1.67||-1.20|
|12||Nepal SBI Bank||1.17||0.78||50.00|
|20||Agricultural Development Bank||-0.12||1.42||–|
|22||Nepal Investment Bank|
Source: Unaudited Q2 Report Of Respective Banks, FY 2079/80
Net Profit of Commercial Banks in Nepal [FY 2078/79]
In the fiscal year 2078/79, 26 commercial banks had reported the net profit of Rs. 74.70 Arba. The average profit of the banks stood at Rs. 2.87 Arba
Rastriya Banijya Bank (RBB) remained as the number one bank in terms of net profit. RBB posted a profit of Rs 5.21 Arba in the fiscal year 2078/79. Global IME Bank (GBIME) was at number two spot with Rs 5.20 Arba in net profit while Nabil Bank occupied the third spot with Rs 4.97 Arba profit.
On the other hand, Century Commercial Limited (CCBL) earned the lowest profit among the banks with Rs 1.35 Arba net profit. Similarly, Civil Bank (CBL), and Laxmi Bank (LBL) had earned about Rs 1.38 Arba and Rs. 1.60 Arba respectively.
Net Profit (Rs.’Arba’)
|Rank||Commercial Banks||Net Profit (Rs.’Arba’)|
|1||Rastriya Banijya Bank||5.21|
|2||Global IME Bank||5.2|
|4||NIC Asia Bank||4.52|
|5||Nepal Investment Bank||4.08|
|7||Prime Commercial Bank||3.68|
|11||Mega Bank Nepal||2.83|
|12||Agricultural Development Bank||2.69|
|17||Standard Chartered Bank Nepal||2.26|
|22||Bank Of Kathmandu||1.81|
|23||Nepal SBI Bank||1.63|
|26||Century Commercial Bank||1.35|
Source: Unaudited Q4 Report Of Respective Banks, FY 2078/79
Net Profit of Commercial Banks in Nepal [FY 2077/78]
Net Profit (Rs.’Arba’)
|S.N||Commercial Banks||FY 2077/78||FY 2076/77||Percent Change|
|2||Global IME Bank||4.12||2.9||42.07|
|3||Rastriya Banijya Bank||3.79||4.37||-13.27|
|4||Agricultural Development Bank||3.69||3.33||10.81|
|5||Nepal Investment Bank||3.65||2.42||50.83|
|6||NIC Asia Bank||3.25||3.09||5.18|
|7||Prime Commercial Bank||3.25||2.25||44.44|
|13||Nepal Bangladesh Bank||2.29||1.24||84.68|
|22||Bank Of Kathmandu||1.53||1.46||4.79|
|23||Standard Chartered Bank||1.4||1.98||-29.29|
|25||Nepal SBI Bank||0.96||1.54||-37.66|
|26||Century Commercial Bank||0.75||0.8||-6.25|
|Total Profit Of Banks||63.35||52.46||20.76|
Source: Un-audited fourth quarterly report (of respective banks) of the fiscal year 2077/78.
Net Profit Of Commercial Banks In FY 2076/77
The table below presents the annual profit of banks in the fiscal year 2076/77 and 2075/76.
Net Profit (Rs.’Arba’)
|S.N||Commercial Banks||FY 2076/77||FY 2075/76||Percent Change|
|1||Rastriya Banijya Bank||4.45||5.05||-11.88|
|3||Agricultural Development Bank||3.47||4.19||-17.18|
|4||NIC Asia Bank||3.12||3.02||3.31|
|5||Global IME Bank||3.09||2.76||11.96|
|6||Nepal Investment Bank||2.57||3.32||-22.59|
|10||Prime Commercial Bank||2.29||2.2||4.09|
|13||Standard Chartered Bank||1.98||2.43||-18.52|
|15||Nepal SBI Bank||1.53||2.29||-33.19|
|18||Bank Of Kathmandu||1.48||1.9||-22.11|
|22||Nepal Bangladesh Bank||1.24||1.59||-22.01|
|26||Century Commercial Bank||0.91||0.68||33.82|
Source: Un-audited fourth quarterly report (of respective banks) of the fiscal year 2076/77.
** The figures of FY 2076/77 are different in the two tables above. This is because the figures of FY 2076/77 in Table 1 are audited while that of table 2 is unaudited.
The above figures are based on the un-audited report published by the respective banks. Investors are advised to take other things into consideration along with this report while making investment decisions. The numbers may vary after the final audit.