Profits of commercial banks in Nepal increases by 11 pc

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Kathmandu: By the third quarter of the current financial year 2022/2023, the profit of commercial banks has reached 48.37 billion rupees.

According to the unrefined financial statement of the third quarter published by the commercial banks, the profit of the commercial banks has increased by 10.92 percent in the same period of the current financial year compared to the previous year till March.

Compared to last year, the profit of 14 commercial banks has increased and seven have decreased. By the third quarter of last year, commercial banks had earned a profit equal to 43.41 billion rupees.

Compared to the total profit made till the end of March of the last financial year, Everest Bank is seen to have made the most profit during the same period of this year.