Kathmandu. The commercial banks have earned a net profit of Rs 56.47 billion in the review period.

According to the Nepal Rastra Bank, the profit of the banks has increased by 18.16 percent in the first six months of the last fiscal year. The company had posted a net profit of Rs 47.79 billion in the same period last year.

Out of 20 commercial banks, the profit of seven banks has decreased while the profit of the remaining 13 banks has increased.

Global IME, Nepal Investment Mega Bank, Everest Bank, Nepal Bank, Agriculture Development Bank, Prabhu Bank and Agriculture Development Bank saw a decline in their profits. The profits of the rest of the banks have increased.

Nabil Bank is one of the highest profitable banks during this period. The bank has a net worth of Rs 7.66 billion. The profit increased by 36.86 percent compared to the corresponding period of the previous year.

According to the Nepal Rastra Bank, Global IME Bank is the second largest beneficiary bank in the country. The bank’s net profit declined by 3.07 percent to Rs 5.19 billion. Similarly, Kumar Bank’s net profit increased by 833.1 percent to Rs 4.49 billion. This is the highest on a percentage basis.

Similarly, Nepal Investment Bank Ltd’s net profit fell 24.3 percent to Rs 3.80 billion while Everest Bank’s profit fell 5.18 percent to Rs 3.70 billion.

Similarly, the profit of Nepal Bank increased by 9.14 percent to Rs 2.98 billion, while the profit of Agriculture Development Bank increased by 7.89 percent to Rs 1.59 billion and Prabhu Bank’s profit increased by 41.7 percent to Rs 1.16 billion. NIC Asia Bank is the lowest profit earner during this period. The bank’s net profit declined by 30.4 percent to Rs 33.29 crore.