Nepal’s banking and financial institutions (BFIs) collectively earned Rs 60.24 billion in net profits during the first 11 months of the current fiscal year, according to recent data published by Nepal Rastra Bank (NRB).
Among the three categories of BFIs, commercial banks led the profit charts with Rs 53.97 billion. Development banks followed with Rs 5.46 billion, while finance companies contributed Rs 806.1 million to the total.
In the commercial banking segment, Nabil Bank and Global IME Bank posted the highest earnings, recording profits of Rs 6.40 billion and Rs 6.03 billion, respectively. Nepal Investment Mega Bank also reported strong performance with Rs 5.68 billion in profits. At the lower end, Kumari Bank reported the least profit among its peers, totaling just Rs 371.08 million.
Among development banks, Muktinath Bikash Bank and Garima Bikash Bank were top performers, earning Rs 1.03 billion and Rs 1.01 billion, respectively.
In the finance companies category, Manju Shree Finance led with a profit of Rs 244.3 million, closely followed by ICFC Finance with Rs 240.7 million.
Despite a slowdown in lending activities toward the fiscal year-end, the institutions appear to have maintained profitability by focusing on loan recovery and internal cost management, as highlighted in a related NRB report.
