Net Profit Of 20 Commercial Banks Inclines By 8 Percent

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
1 Nabil Bank 3.41 2.99 14.05
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
5 NMB Bank 1.9 1.71 11.11
6 Standard Chartered Bank Nepal 1.75 1.08 62.04
7 Prime Commercial Bank 1.65 1.67 -1.20
8 Everest Bank 1.58 0.83 90.36
9 Sanima Bank 1.28 1.07 19.63
10 Prabhu Bank 1.19 1.26 -5.56
11 Nepal Bank 1.17 1.41 -17.02
12 Nepal SBI Bank 1.17 0.78 50.00
13 Siddhartha Bank 1.16 1.57 -26.11
14 Laxmi Bank 1.07 0.81 32.10
15 Machhapuchchhre Bank 1.02 1.01 0.99
16 Himalayan Bank 0.95 0.74 28.38
17 Citizens Bank 0.84 1.23 -31.71
18 Sunrise Bank 0.65 0.74 -12.16
19 Civil Bank 0.63 0.5 26.00
20 Agricultural Development Bank -0.12 1.42
21 Kumari Bank
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
3 Nabil Bank 4.97
4 NIC Asia Bank 4.52
5 Nepal Investment Bank 4.08
6 NMB Bank 3.7
7 Prime Commercial Bank 3.68
8 Nepal Bank 3.26
9 Siddhartha Bank 3.21
10 Kumari Bank 2.83
11 Mega Bank Nepal 2.83
12 Agricultural Development Bank 2.69
13 Prabhu Bank 2.6
14 Everest Bank 2.54
15 Himalayan Bank 2.48
16 Sanima Bank 2.29
17 Standard Chartered Bank Nepal 2.26
18 Citizens Bank 2.25
19 Machhapuchchhre Bank 2.16
20 Sunrise Bank 2.15
21 NCC Bank 2.02
22 Bank Of Kathmandu 1.81
23 Nepal SBI Bank 1.63
24 Laxmi Bank 1.6
25 Civil Bank 1.38
26 Century Commercial Bank 1.35
Total Profit 74.7
Average Profit 2.87

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
1 Nabil Bank 4.5 3.46 30.06
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
8 Nepal Bank 3.06 2.33 31.33
9 Himalayan Bank 2.99 2.58 15.89
10 Siddhartha Bank 2.83 2.14 32.24
11 NMB Bank 2.73 1.71 59.65
12 Mega Bank 2.3 1.38 66.67
13 Nepal Bangladesh Bank 2.29 1.24 84.68
14 Sanima Bank 2.27 1.77 28.25
15 Prabhu Bank 2.01 1.19 68.91
16 Kumari Bank 2 1.15 73.91
17 Everest Bank 1.82 2.51 -27.49
18 Machhapuchchhre Bank 1.63 1.26 29.37
19 Citizens Bank 1.59 1.19 33.61
20 Sunrise Bank 1.58 1.35 17.04
21 Laxmi Bank 1.54 1.41 9.22
22 Bank Of Kathmandu 1.53 1.46 4.79
23 Standard Chartered Bank 1.4 1.98 -29.29
24 NCC Bank 1.27 1.1 15.45
25 Nepal SBI Bank 0.96 1.54 -37.66
26 Century Commercial Bank 0.75 0.8 -6.25
27 Civil Bank 0.55 0.55 0.00
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
2 Nabil Bank 3.57 4.24 -15.8
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
7 Nepal Bank 2.56 2.6 -1.54
8 Himalayan Bank 2.54 2.76 -7.97
9 Everest Bank 2.5 3.05 -18.03
10 Prime Commercial Bank 2.29 2.2 4.09
11 NMB Bank 2.27 2.26 0.44
12 Siddhartha Bank 2.09 2.26 -7.52
13 Standard Chartered Bank 1.98 2.43 -18.52
14 Sanima Bank 1.7 2.26 -24.78
15 Nepal SBI Bank 1.53 2.29 -33.19
16 Mega Bank 1.52 1.63 -6.75
17 Laxmi Bank 1.48 1.59 -6.92
18 Bank Of Kathmandu 1.48 1.9 -22.11
19 Sunrise Bank 1.39 1.71 -18.71
20 Prabhu Bank 1.37 1.78 -23.03
21 Machhapuchchhre Bank 1.25 1.7 -26.47
22 Nepal Bangladesh Bank 1.24 1.59 -22.01
23 Kumari Bank 1.22 1.23 -0.81
24 NCC Bank 1.13 1.02 10.78
25 Citizens Bank 1.12 1.46 -23.29
26 Century Commercial Bank 0.91 0.68 33.82
27 Civil Bank 0.46 0.71 -35.21

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.


Note:

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.

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2 thoughts on “Net Profit Of 20 Commercial Banks Inclines By 8 Percent

  • May 15, 2020 at 11:59 pm
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    thank you for information

    Reply
  • May 24, 2020 at 5:02 pm
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    Thank you so much. Excellent for information. All the best.

    Reply

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