Commercial banks in Nepal recorded a combined profit of Rs 8.38 billion during the first month of the current fiscal year, according to a recent report published by Nepal Rastra Bank (NRB). The profit figure, covering the period between mid-July and mid-August, represents a decline of 8.61 percent compared to the same period last year, when the cumulative earnings stood at Rs 9.17 billion.
Among the 20 commercial banks, Global IME Bank emerged as the highest earner, reporting a profit of Rs 784.50 million. Nabil Bank followed in second place with earnings of Rs 716.4 million. While some banks were able to increase their earnings, a majority of them witnessed a decline. Specifically, profits fell for 11 banks, whereas nine banks managed to improve their earnings during the review period.
The report highlights the uneven performance of the banking sector in the early months of the fiscal year, reflecting both the challenges and resilience faced by commercial banks amid current economic conditions.
