Net Profit of Commercial Banks Jump By 10%; Global at Top

All 27 commercial banks listed in Nepal Stock Exchange (NEPSE ) have published their second-quarter financial report.

 

As per the reports, the banks have increased their net profit by 10.10 percent. In the review period, the banks earned Rs 34. 21 billion in net profit compared to Rs 31.07 billion of the corresponding period of the last FY.

 Banks at Top and Bottom

During the period, Global IME Bank earned the highest net profit of Rs 2.66 billion. The bank raised the net profit by 15.04 percent compared to the review period of the last FY.

In the meantime, Civil Bank earned the lowest net profit of Rs 504 million during the period.

Net Profit of 3 Banks Exceeds 2Bn

In the review period, three banks have logged net profit above Rs two billion. Global IME, NIC Asia and Nabil Bank registered net profit of Rs 2.66 billion, 2.40 billion and Rs 2.18 billion respectively.

Billionaire Banks

A total of 16 banks have made their place in the billionaire club. In the club, Global IME is the top place holder and Machhapuchchhre Bank is at the bottom place.

Civil Bank Records Maximum Growth

In terms of growth rate, Civil Bank logged the biggest jump of 148.42 percent during the period. After Civil, Siddhartha Bank increased its net profit by 71.68 percent.

And Those Who’s Net Profit Declined

Few commercial banks like Prime Commercial Bank, Everest Bank, Nepal Bangladesh Bank, Prabhu Bank, Sunrise Bank and Kumari Bank registered declination in their net profit.

Himalayan Bank Limited Reports Satisfactory Growth In Profitability Indicators In Quarter 2

 

Himalayan Bank Limited (HBL) has published its second-quarter report for the FY 2078/79 today with a rise in net profit by 13.8%. The bank’s profit has increased from Rs. 65.32 crores in the second quarter of the fiscal year 2077/78 to Rs 74.34 crores in the second quarter of the fiscal year 2078/79.

In the same quarter, the bank has Rs 24.51 crore as distributable profit after PL Appropriation and Regulatory Adjustments.

The bank’s deposit from customers has increased by 17.37% (compared to the immediate previous year ending) to Rs 1.65 kharba and loans and advances to customers increased by 19.54% (compared to the immediate previous year ending) to Rs 1.50 Kharba till the second quarter. The net interest income (core business income) of the bank has increased by 8.91% to Rs 1.91 arba from Rs 1.75 arba of the corresponding quarter.

The bank’s paid-up capital stands at Rs 12.96 arba with Rs 7.39 arba as its reserve and surplus. The Non-performing loan stands at 0.72%.

In the second quarter, the annualized EPS of the bank stands at Rs 11.47. The net worth per share stands at Rs 157.05.