Kathmandu. The commercial banks in operation earned a profit of Rs 19.14 billion in the current fiscal year 2083/084. This profit is 45.59 percent higher than the same period of the previous year. The profit of the commercial bank was Rs 13.14 billion in the same period of the previous year.

Out of the 20 banks in operation, the profit of 3 banks has decreased while the profit of the remaining banks has improved. Citizens Bank, which had a negative profit in the first quarter of the last fiscal year, has now earned a profit of Rs 10.77 crore.

At the same time, Prime Bank’s net profit declined by 5.62 percent to Rs 1.18 billion. Standard Chartered Bank’s profit fell 2.99 percent to Rs 67.14 crore. Himalayan Bank’s profit declined by 6.84 percent to Rs 65.48 crore.

Nepal Investment Mega and Agricultural Development Bank have jumped in profit till mid-October. Nepal Investment Mega’s profit increased by 2,522.47 percent while that of Agricultural Development Bank increased by 1803.71 percent. Nabil Bank is in the first position in terms of profit. Nabil Bank has increased its profit by 45.43 percent to Rs 2.55 billion.

Global IME Bank’s profit increased by 24.49 percent to Rs 2.31 billion. Nabil and Global are competing in profit.