Fiscal Nepal
First Business News Portal in English from Nepal
KATHMANDU: The net profit of Himalayan Bank Limited (HBL) has declined by 44.41 percent in the first quarter (Q1) of the current fiscal year.
As per the quarterly report published by the bank, its net profit declined to Rs 385.9 million in Q1 from Rs 694.2 million of the corresponding period of 2019-20.
Similarly, the bank’s operating profit decreased by 47.74 percent to Rs 517.5 million in first Q1 this year compared to the corresponding quarter of the previous year.
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