Despite liquidity crunch almost leading to credit crunch, the commercial banks have increased their profit in the last fiscal year.
The 25 commercial banks' -- including newly opened Janata Bank but except Nepal Bangladesh Bank (NBB) and Nepal Credit and Commerce (NCC) Bank -- reported that they have churned a total of Rs 12,838.872 million profit in the fiscal year 2009-10 -- an increase by Rs 1842.32 million than a fiscal ago. In 2008-09, they have registered Rs 10,996.55 million profit.
"But average percentage growth in aggregate is much lower than in 2008-09," said Nepal Bankers Association president Sashin Joshi. "Looking at absolute numbers only may be misleading," he said adding that average Return on Equity (RoE) and Return on Assets (RoA) has reduced compared to 2008-09.
The profit will go up after NBB and NCC Bank that have not yet published their reports, will publish their reports in a couple of days.
Banks and financial institutions (BFIs) are the most transparent institutions in the country. BFIs have to publish their financial reports every three months, according to the diretives of the central bank.
The highest groser among them is the Rastriya Banijya Bank (RBB) that has posted Rs 2101.68 million profits. The bank is undergoing restructuring under the financial sector reform programme due to its bad financial health in the past. "Due to massive recovery of bad loans worth Rs 1.76 billion, RBB could post huge profit," said Janardan Acharya, CEO of the RBB. "Though, the government bank still has the largest Non-Performing Assets (NPA) at 9.81 per cent that was 15.64 per cent a fiscal year ago, it has reduced its negative networth to Rs 9 billion from Rs 22 billion a fiscal ago."
However, among the private commercial banks, Nepal Investment bank Ltd has registered the highest profit of Rs 1.26 billion.
Only few banks' profits have slowed down in 2009-10 compared to a fiscal year ago.
Though, there are 28 commercial banks, only 24 commercial banks are listed in the secondary market after Agriculture Development Bank listed 30.37 million-unit shares. Nepse delisted Nepal Bank Ltd couple of years ago.
Commercial Banks -- Peofit in 2009-10 -- Profit in 2008-09
1. Rastriya Banijya Bank Ltd -- Rs 2010.68 million -- Rs 1923.68 million
2. Agriculture Development Bank -- Rs 1450.05 million -- Rs 1057.60 million
3. Nepal Investment Bank Ltd -- Rs 1265.95 million -- Rs 900.61 million
4. Nabil Bank Ltd -- Rs 1146.39 million -- Rs 1031.80 million
5. Standard Chartered Bank Ltd -- Rs 1085.87 million -- Rs 1025.11 million
6. Everest Bank Ltd -- Rs 831.76 million -- Rs 638.73 million
7. Bank of Kathmandu Ltd -- Rs 509.26 million -- Rs 461.73 million
8. Himalayan Bank Ltd -- Rs 522.86 million -- Rs 742.42 million
9. NIC Bank Ltd -- Rs 452.71 million -- Rs 316.64 million
10. Nepal SBI Bank Ltd -- Rs 400.15 million -- Rs 316.37
11. Nepal Bank Ltd -- Rs 357.09 million -- Rs 794.40
12. Laxmi Bank Ltd -- Rs 327.03 million -- Rs 188.99 million
13. Prime Commercial Bank Ltd -- Rs 325.51 million -- Rs 142.71 million
14. Kumari Bank Ltd -- Rs 317.02 million -- Rs 258.37 million
15. Lumbini Bank Ltd -- Rs 304.06 million -- Rs 332.20 million
16. Siddhartha Bank Ltd -- Rs 238.24 million -- Rs 217.91 million
17. Bank of Asia Nepal Ltd -- Rs 207.90 million -- Rs 61.49 million
18. Citizens Bank International-- Rs 193.56 million -- Rs 95.81 million
19. Sunrise Bank Ltd -- Rs 192.27 million -- Rs 84.77 million
20. DCBL Bank Ltd -- Rs 161.66 million -- Rs 103.05 million
21. NMB Bank Ltd -- Rs 154.85 million -- Rs 62.95 million
22. KIST Bank Ltd -- Rs 141.07 million -- Rs 89.66 million
23. Machhapuchehhre Bank Ltd -- Rs 128.04 million -- Rs 123.25 million
24. Global Bank Ltd -- Rs 105.19 million -- 26.30 million
25. Janata Bank Ltd -- Rs 9.7 million -- --
Totalprofit -- Rs 12,838.872 million -- Rs 10,996.55 million (In 2009-10 Rs 1842.32 million more profit compared to 2008-09, when there were less banks.)
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