In the latest financial quarter (Q4 2078/79), the banking sector has exhibited remarkable resilience and growth, with several major banks reporting substantial increases in net profits. This surge in profits can be attributed to various factors, including effective financial management strategies and increased market activity. Let’s take a closer look at the performance of some of the leading banks during this period:
1. NABIL Bank
Net Profit: 7.52 Arba Rs.
% Change: 76.94%
NABIL Bank has demonstrated exceptional growth, achieving a staggering 76.94% increase in net profit compared to the previous quarter. This remarkable performance reflects the bank’s robust operational strategies and effective risk management.
2. Global IME Bank
Net Profit: 7.25 Arba Rs.
% Change: 46.17%
GBIME has also witnessed substantial growth, with a net profit increase of 46.17%. This success can be attributed to its proactive approach to capitalizing on market opportunities and managing costs effectively.
3. Rastriya Banijya Bank
Net Profit: 4.91 Arba Rs.
% Change: 14.45%
RBBL has recorded a solid 14.45% increase in net profit, reflecting its steady performance and strategic decision-making in the dynamic financial landscape.
4. NIC ASIA Bank
Net Profit: 4.65 Arba Rs.
% Change: 10.45%
NICA Bank has achieved a commendable 10.45% increase in net profit, indicating its ability to adapt to changing market conditions and maintain steady growth.
5. Nepal Investment Mega Bank
Net Profit: 4.30 Arba Rs.
% Change: 13.16%
NIMB Bank’s net profit has risen by 13.16%, showcasing its effective customer-centric approach and strong financial performance.
6. Standard Chartered Bank Nepal
Net Profit: 3.52 Arba Rs.
% Change: 56.44%
SCB Bank has posted an impressive net profit growth of 56.44%, a testament to its dynamic strategies and ability to seize emerging opportunities.
7. Nepal Bank
Net Profit: 3.41 Arba Rs.
% Change: 16.82%
NBL Bank’s net profit increase of 16.82% demonstrates its steady growth trajectory and commitment to delivering value to its stakeholders.
The Q4 2078/79 net profit figures stand as a testament to the banking industry’s resilience, innovation, and potential for growth. This period’s accomplishments serve as a foundation for future endeavors, reminding us all that the banking sector’s journey is not just one of numbers, but also of vision, adaptability, and unwavering commitment to progress.
| S.No | Bank | Net Profit (Rs. In Arba) | % Change |
|---|---|---|---|
| 1 | NABIL | 7.52 | 76.94% |
| 2 | GBIME | 7.25 | 46.17% |
| 3 | RBBL | 4.91 | 14.45% |
| 4 | NICA | 4.65 | 10.45% |
| 5 | NIMB | 4.30 | 13.16% |
| 6 | SCB | 3.52 | 56.44% |
| 7 | NBL | 3.41 | 16.82% |
| 8 | NMB | 3.41 | 3.65% |
| 9 | EBL | 3.39 | 37.25% |
| 10 | HBL | 3.26 | 38.14% |
| 11 | SBL | 3.19 | 10.00% |
| 12 | ADBL | 3.10 | 39.64% |
| 13 | PRVU | 2.82 | 48.42% |
| 14 | SANIMA | 2.61 | 24.88% |
| 15 | PCBL | 2.26 | -18.60% |
| 16 | LSBL | 2.26 | 49.74% |
| 17 | SBI | 2.24 | 37.42% |
| 18 | CZBIL | 2.21 | 10.50% |
| 19 | KBL | 1.95 | -24.12% |
| 20 | MBL | 1.85 | 10.12% |
| TOTAL | 70.12 | 25.03% | |