Global IME Bank Leads as Commercial Banks Earn Rs 64.76 Billion in First 4 Months

In a robust display of financial prowess, commercial banks in Nepal have collectively amassed a staggering Rs 64.76 billion in interest income during the initial four months of the ongoing fiscal year, spanning mid-July to mid-November. This substantial figure encapsulates the combined interest earnings of the 20 operational commercial banks, showcasing a promising trajectory for the financial sector.

Comparing this achievement to the corresponding period in the previous fiscal year, commercial banks exhibited commendable growth by surpassing the earlier recorded interest income of Rs 63.82 billion. The noteworthy increase signifies the resilience and adaptability of the banking industry amidst economic fluctuations.

Towering above its peers in the realm of interest income is Global IME Bank, claiming the top spot with an impressive figure of Rs 6.21 billion. Following closely are Nabil Bank, securing the second position with Rs 5.48 billion, and Nepal Investment Mega Bank at a substantial Rs 5.1 billion.

A glance at the financial landscape reveals notable performances by various banks, with Nepal Bank raking in Rs 2.8 billion, Rastriya Banijya Bank at Rs 3.31 billion, Standard Chartered Bank at Rs 1.82 billion, Himalayan Bank at Rs 4.1 billion, and Nepal SBI Bank at Rs 1.82 billion.

Everest Bank reports Rs 2.48 billion, NIC Asia Bank at Rs 3.56 billion, Machhapuchhre Bank at Rs 1.72 billion, Kumari Bank at Rs 4.60 billion, Laxmi Sunrise Bank at Rs 3.82 billion, Siddhartha Bank at Rs 2.65 billion, and Agricultural Development Bank at Rs 2.96 billion in interest income.

Further emphasizing the diverse financial landscape, Citizens Bank has recorded Rs 1.99 billion, Prime Commercial Bank at Rs 2.62 billion, NMB Bank at Rs 2.84 billion, Prabhu Bank at Rs 2.81 billion, and Sanima Bank generating interest income of Rs 2.1 billion. This comprehensive overview underscores the resilience and robust financial performance of commercial banks in the early months of the fiscal year, contributing significantly to Nepal’s economic stability.