Q4 report of commercial banks: Majority of them book notable profit

KATHMANDU: Altogether 19 commercial banks of Nepal has published their financial statements up to the fourth quarter of the last fiscal year. Below are the details:

Kumari Bank: Kumari Bank has earned 72.74 percent more net profit till the fourth quarter of the last fiscal year than the previous year. The company, which made a net profit of over Rs 1.15 billion last year, has made a net profit of over Rs 2 billion last year. The bank’s distributable profit has increased by 53.49 percent over the previous year and stood at over Rs 1.09 billion.

Everest Bank: Everest Bank Limited has raised Rs. It has made a net profit of over Rs 1.82 billion. According to the bank’s financial statements up to that period, the net profit of the bank has decreased by 27.34 percent compared to the same period of the previous year. Last year, the bank had made a net profit of over Rs 1.67 billion. As of the last fourth quarter, the bank’s distributable profit has been more than Rs 2.36 billion. The bank’s distributable profit increased by 41.35 percent last year compared to the previous year.

Nepal Investment Bank: Nepal Investment Bank Limited has made a net profit of 50.69 percent more than the previous year till the fourth quarter of the last fiscal year. The bank had made a net profit of over Rs 2.42 billion last year and Rs 3.65 billion last year. The bank’s distributable profit has increased by 205.55 percent to more than Rs 1.99 billion last year compared to the previous year.

Laxmi Bank: Laxmi Bank Limited has made a net profit of over Rs 1.54 billion as of the fourth quarter of the last fiscal year. Net profit increased by 9.20 percent last year compared to the previous year. Last year, the bank’s profit was Rs. 1.12 billion in the corresponding period of the previous year. The bank’s distributable profit has declined by about 11 percent so far this year.

Mega Bank: Mega Bank Nepal Limited has raised Rs. It has made a net profit of over Rs 2.30 billion. Net profit increased by 45.16 percent in the corresponding period of the previous year. During the same period last year, the bank had disbursed Rs. It had made a net profit of over Rs 1.58 billion. The distributable profit of the bank during this period was Rs. 1 billion 515.8 million.

Himalayan Bank: Till the fourth quarter of the last financial year, Himalayan Bank Limited had disbursed Rs. 2.99 billion net profit. Net profit increased by 15.90 percent last year compared to the previous year. The bank’s distributable profit increased by 65.74 percent to Rs. 2 billion 169.8 million.

Siddhartha Bank: Siddhartha Bank has raised Rs. It has made a net profit of over Rs 2.83 billion. This is an increase of 32.31 percent over the corresponding period of the previous year. Last year, the bank had raised Rs. It had made a profit of over Rs 2.14 billion. The bank’s distributable profit is Rs. 1 billion 217.66 million.

NIC Asia Bank: As of the fourth quarter of last fiscal, NIC Asia Bank had disbursed Rs. It has made a net profit of over Rs 3.25 billion. Last year, Rs. The bank, which had a net profit of over Rs 3.98 billion, increased its profit by 4.92 percent last year. During this period, the bank has increased by 8.21 percent to Rs. It has made an operating profit of over Rs 4.79 billion. The bank’s distributable profit increased by 33.38 percent to Rs. 1.92 billion.

Prime Commercial Bank: Prime Commercial Bank has made a profit of Rs 3.25 billion in the last fiscal year. The bank has increased its profit by 44.56 percent in the last fiscal year. In the previous fiscal year, Prime Bank had made a profit of Rs 2.25 billion. The profit that the bank can distribute to the shareholders is Rs 2.66 billion.

Machhapuchhre Bank: Machhapuchhre Bank has earned a profit of Rs 1.63 billion. The bank’s profit is 29.36 percent higher than the corresponding period of the previous fiscal year. The bank’s distributable profit in the last fiscal year is Rs 1.13 billion.

Prabhu Bank: Prabhu Bank has earned a profit of Rs 2.1 billion in the fourth quarter of the last fiscal year. The bank has increased its profit by 68.45 percent in the last fiscal year. Last year, the bank had earned a profit of only Rs 1.19 billion.

NMB Bank: NMB Bank has increased its profit by 59.42 percent to Rs 2.73 billion in the last fiscal year. Last year, the bank’s profit was Rs 1.71 billion. The bank has collected Rs 164 billion in deposits and given Rs 150 billion in loans till mid-July. The bank has made a profit of Rs 2.33 billion for the shareholders.

Rastriya Banijya Bank: Rastriya Banijya Bank has managed to earn a net profit of Rs 3.79 billion till the fourth quarter of the last fiscal year. During this period, the bank’s net interest income was Rs. 8.24 billion, total operating income was Rs. 9.76 billion, operating profit was Rs. 5.09 billion, total gross income was Rs. 6.37 billion and distributable profit was Rs. 4.52 billion.

Sanima Bank: Sanima Bank Ltd. has raised Rs. It has made a net profit of over Rs 2.27 billion. Last year, Rs. The bank, which made a net profit of over Rs 1.77 billion, has increased its profit by 28.16 percent this year.

Agriculture Development Bank: Agriculture Development Bank Limited has made a net profit of 11 percent more than the previous year till the fourth quarter of the last fiscal year. Last year, Rs. 3.33 billion 17.37 million in the corresponding period of the previous year. It has made a profit of Rs 3.69 billion. The bank’s distributable profit increased by 4.18 percent to Rs. 1 billion 735 million 1 thousand.

Nepal Bangladesh Bank: Till the fourth quarter of the last fiscal year, Nepal Bangladesh Bank had disbursed Rs. 2 billion 292.5 million 92 thousand net profit. The profit has increased by 84.17 percent over the previous year. The bank had posted a net profit of Rs. 1.24 billion 48.46 million. The bank’s distributable profit has also increased by 228.49 percent till the last quarter.

Citizens Bank: Citizens Bank International Limited has made a net profit of Rs 1.59 billion up to the fourth quarter of the last fiscal year. This profit was up to Rs. 1 billion 198.5 million was 4 thousand. Compared to the previous year, the net profit of the bank has increased by 33.40 percent. By the fourth quarter of last year, the bank’s distributable profit stood at Rs. 1 billion 577.85 million.

Nepal Credit and Commerce Bank: Nepal Credit and Commerce Bank Limited (NCC) has earned a net profit of Rs 1.27 billion in the fourth quarter of the last fiscal year. Such profit of the bank has increased by 14.68 percent compared to the previous year. In the previous fiscal year, the bank had earned a net profit of Rs 1.1084 billion. The bank’s distributable profit increased by 2.12 percent to Rs. 714.79 million.

Civil Bank: Civil Bank has earned a net profit of Rs. 559.3 million in the fourth quarter of the last fiscal year. The bank had earned a net profit of Rs 555 million in the corresponding period of the previous year. Compared to the same period last year, the bank has been able to increase its net profit by only Rs 4.3 million in the last fiscal year. The distributable profit of this bank is Rs. 498.5 million.

-Banks Nepal