KATHMANDU, June 13: Nepali commercial banks earned net profits of Rs 56.47 billion in 10 months of the current Fiscal Year (FY), which was 18.16 percent more than the amount that the banks earned in the same period last year.
As of mid-May FY 2025/26, the aggregate profit of 20 commercial banks was recorded at Rs 47.79 billion. Their profit earnings increased by Rs 7.66 billion in the past year. According to bankers, the commercial banks were able to increase their profits due to an improvement in the recovery of unpaid loans. Reduction in cost of funds with declining interest rates of deposits and reduction in operating costs also contributed to the improvement of the financial position of the banks.
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Nabil Bank was the topmost in the list, increasing its net profits by 36.86 percent to Rs 7.66 billion. Global IME Bank was second in the row, with an earning of Rs 5.19 billion. Percentage-wise, Kumari Bank had the largest growth of Rs 833.10 percent in its profit earnings.
In the past year, seven banks witnessed a decline in their profit earnings. Prabhu Bank had the highest fall of 41.70 percent in its earnings.
