Quantcast
Friday , November 24 2017
Breaking News
Home / International Customs / Nepal / Profit of commercial banks up 26.59% to Rs 45.26b
Profit of commercial banks up 26.59% to Rs 45.26b

Profit of commercial banks up 26.59% to Rs 45.26b

KHATMANDU: The collective profit of commercial banks increased by 26.59 per cent to Rs 45.26 billion in the fiscal 2016-17, compared to net profit of Rs 35.75 billion in the previous fiscal, according to the unaudited financial statements published by 28 commercial banks in operation.

The profit of commercial banks in the last fiscal increased at a similar level as compared to fiscal 2015-16, when profitability had increased by 26.33 per cent.

Nabil Bank topped the list of profit makers. The government-owned Nepal Bank secured the second position. Nepal Investment Bank, state-owned Rastriya Banijya Bank and Agricultural Development Bank rounded up the top-five profit makers.