Kathmandu. In the first four months of the current FY, the commercial bank has earned a net profit of Rs 19.37 billion.

The profit earned by the banks till mid-November was 13.11 percent lower than the corresponding period of the previous FY. In the same period of the last FY, the profit of the banks was Rs 22.29 billion.

In recent times, the profit of the banks has been affected due to which the profit has shrunk. The credit flow of banks has been low for a long time and loan recovery has also contracted. As a result, the profit of the banks decreased by 13.11 percent.

Out of the 20 commercial banks in the country, the profit of four banks has increased.

Global IME Bank, Everest Bank, Rastriya Banijya Bank and Sanima Bank are among the four banks that have increased their profit. Global IME Bank has earned a net profit of Rs 2.51 billion in the first four months of the current fiscal year. The profit increased by 18.91 percent compared to the corresponding period of the previous year.

Similarly, Everest Bank’s net profit increased by 0.27 percent to Rs 1.51 billion.

Similarly, the profit of Rastriya Banijya Bank increased by 105.23 percent to Rs 1.13 billion. Similarly, Sanima Bank’s net profit increased by 19.65 percent to Rs 77.28 crore.

Global IME Bank was the top gainer followed by Nabil Bank and the second highest profit maker till mid-November. Nabil Bank has earned a net profit of Rs 2.46 billion.

Similarly, Citizens Bank is the lowest profiter. The bank has a net profit of Rs 1.64 crore. The profit of the bank has decreased by 96.25 percent compared to the same period of the last FY.