Commercial banks have amassed interest income amounting to 96.24 billion rupees in the last six months of the current fiscal year.
Twenty commercial banks, which are currently in operation in Nepal, made these interest income by mid-January.
Around the same time last year, the commercial banks had earned 82.38 billion rupees. This fiscal year’s income is more by 13.86 billion compared to the same period last year. Interest is the major source of income for banks. Even though the income interest increased compared to the previous fiscal year, the net profit has decreased.
The commercial banks have posted a net profits of Rs 18.73 billion in six months this year against Rs 33.75 billion last fiscal year.
As of mid-January, Global IME Bank has earned the highest Rs 9.2 billion in interest come followed by Nabil Bank with Rs 8.1 billion while Nepal Investment Mega Bank posted Rs 7.64 billion, according to Nepal Rastra Bank.
Interest income of commercial banks
Nepal Bank has earned interest income of Rs 4.63 billion, Rastriya Banijya Bank has made Rs 5.72 billion, Nabil (Rs 8.1 billion), Nepal Investment Bank (7.54 billion), Standard Chartered Bank (2.63 billion), Himalayan Bank (Rs 5.82 billion) while Nepal SBI Bank has posted Rs 2.68 billion in interest income.
Similarly, Everest Bank recorded 3.63 billion rupees in interest income, NIC Asia Bank earned (5.21 billion), Machhapuchchhre Bank (2.63 billion), Kumari Bank (5.98 billion), Laxmi Sunrise Bank (5.65 billion), Siddhartha Bank (4.12 billion) while Agriculture Development Bank earned 4.70 billion rupees.
Likewise, Global IME Bank has earned 9.2 billion rupees, Citizens Bank (2.83 billion), Prime Commercial Bank (3.87 billion), NMB Bank (3.74 billion), Prabhu Bank (4.76 billion) while Sanima Bank has earned 3 billion rupees.
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