Kathmandu, Nov 1: Most commercial banks in Nepal reported higher profits in the first three months of the current fiscal year 2026/27. According to reports, banks collectively earned more than Rs 19 billion in net profit by mid-October. During the same period last fiscal year, their combined profit stood at around Rs 13 billion.
Nepal Investment Mega Bank (NIMB) recorded the highest growth in net profit during the review period. Its profit surged 2,522.46 per cent year on year to Rs 1.18 billion, compared with Rs 45.05 million in the first quarter of the previous fiscal year.
Rastriya Banijya Bank’s net profit rose 175.52 per cent to Rs 1.65 billion. Siddhartha Bank posted a 162.75 per cent increase to Rs 851.56 million, while Sanima Bank’s profit grew 131.13 per cent to Rs 1.05 billion.
Laxmi Sunrise Bank recorded a 96.60 per cent increase in profit to Rs 653.39 million. Nabil Bank earned the highest net profit among the banks, at Rs 2.56 billion, up 45.42 per cent from the same period last year.
Nepal Bank’s profit increased 41.45 per cent to Rs 832.19 million. Machhapuchchhre Bank reported a 31.86 per cent rise to Rs 551.15 million, while NMB Bank’s profit grew 27.10 per cent to Rs 1.16 billion.
Global IME Bank’s net profit increased 24.48 per cent to Rs 2.31 billion. Nepal SBI Bank recorded a 10.09 per cent rise to Rs 552.22 million, Prabhu Bank’s profit grew 8.10 per cent to Rs 603.72 million, and Everest Bank posted a 6.22 per cent increase to Rs 1.25 billion.
NIC Asia Bank’s profit rose 4.32 per cent to Rs 127.44 million, while Kumari Bank recorded a 1.70 per cent increase to Rs 1.07 billion.
Three banks reported declines in net profit. Standard Chartered Bank’s profit fell 2.99 per cent to Rs 671.44 million. Prime Commercial Bank recorded a 5.62 per cent drop to Rs 1.19 billion, while Himalayan Bank’s profit declined 6.83 per cent to Rs 654.83 million.
Citizens Bank, which had posted a net loss of Rs 220.41 million in the first quarter of the previous fiscal year, returned to profit with net earnings of Rs 107.70 million in the same period this fiscal year.
People’s News Monitoring Service
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