Kathmandu. KATHMANDU: The 20 commercial banks in operation have earned a net profit of Rs 78.38 billion in the first six months of the current fiscal year. The profit of the bank has decreased by 8.64 percent compared to the previous year. In the previous fiscal year, 20 commercial banks had earned a profit of Rs 9.17 billion.

According to the data, Global IME Bank is the highest profiter. Similarly, Nepal Bank is the highest profit-making bank. Compared to the same period last year, the net profit of 11 commercial banks decreased and nine increased in the current fiscal year. Global IME Bank has earned a net profit of Rs 78.45 crore in the current fiscal year. This was 12.09 percent less than the previous year. The bank had posted a net profit of Rs 89.24 crore in the same quarter last year.

Nabil Bank is the second highest profiter. During the review period, the bank earned a net profit of Rs 71.64 crore. The bank had posted a net profit of Rs 80.33 crore in the previous year. Compared to the previous year, the profit of the bank decreased by 10.83 percent.

Nepal Investment Mega Bank is one of the top companies in terms of profit. The bank posted a net profit of Rs 63.42 crore in the review period of the previous fiscal year up from Rs 57.75 crore in the previous year. Nepal Bank (NBL) has earned Rs 55.27 crore in the first quarter of the current fiscal year. This is 146.76 percent more than the previous year’s mid-August. Last year, the bank had posted a net profit of Rs 22.39 crore.

During the review period, the Agricultural Development Bank (ADB) was the least profitable. The bank has earned a profit of only Rs 37.50 lakh. The bank had posted a net profit of Rs 71.20 crore in the previous fiscal year. The bank’s net profit decreased by 99.47 percent in the review period compared to the previous year.

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