Kathmandu. In the first nine months of the current fiscal year, the commercial banks have earned a net profit of Rs 49.21 billion.

The profit increased by 19.30 percent compared to the same period last year. In the same period of the last fiscal year, 20 commercial banks had earned a net profit of Rs 41.25 billion.

Out of 20 commercial banks, the profit of six banks has decreased while the profit of the remaining 12 banks has increased. They are Global IME Bank, Everest Bank, Nepal Investment Mega, Standard Chartered, Agriculture Development Bank, Prabhu Bank and NIC Asia Bank. The profits of the rest of the banks have increased.

Nabil Bank is one of the top profitable banks in the country till mid-April. The bank earned a net profit of Rs 6.76 billion. The profit increased by 33.92 percent compared to the same period last year.

In terms of profit, Nabil Bank and Global IME Bank are in the first and second positions. Global IME has earned a net profit of Rs 4.40 billion.

Kumari has earned a net profit of Rs 4.17 billion.

NIC Asia Bank is the lowest profit earner during this period. The bank has only Rs 14 crore 3 lakh 24 thousand. The profit was 10.49 percent lower than the corresponding period of the previous year.