Commercial banks report Rs 64.76 bn interest income in the first four months of fiscal year

KATHMANDU: Commercial banks in Nepal have collectively earned a total interest income of Rs 64.76 billion during the first four months of the current fiscal year, spanning mid-July to mid-November. This financial figure represents the combined interest earnings of the 20 operational commercial banks during the stated period.

Comparatively, during the corresponding period in the previous fiscal year, commercial banks had recorded Rs 63.82 billion as interest income. Interest income stands out as the primary revenue source for banks, and the reported figure reflects a marginal increase from the same period in the previous fiscal year.

Leading the pack in interest income is Global IME Bank, boasting the highest figure at Rs 6.21 billion. Following closely are Nabil Bank at Rs 5.48 billion and Nepal Investment Mega Bank at Rs 5.1 billion.

Other notable banks include Nepal Bank, recording Rs 2.8 billion in interest income, 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.

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 financial performance of commercial banks in the early months of the fiscal year.