Kumari, Nepal Bank, National Commercial Bank, Prabhu etc. are among the banks with high profit growth rate.
What you should know
In the last financial year 2081/82, 20 commercial banks have earned a net profit of 71 billion rupees. This is an increase of about 43 percent compared to the previous financial year.
In the fourth quarter of the last financial year, the unrefined financial statements published by the banks showed that the profit of the banks increased by about 43 percent. In the financial year 2080/81, the total profit of 20 commercial banks was Rs. 50 billion.
Out of the 20 commercial banks in operation, the profit of 16 has increased while the remaining 4 have decreased. It seems that the growth rate of some banks is very abnormal (high rate). The growth rate of some of those banks has increased by 100%, while some of them have increased by more than that. The reason for this is that the banks compare the unrefined data of the fourth quarter of last year with the refined (audited) data of the previous financial year.
Also, it is always compared with the details of the same period of the previous year. However, as compared to the unrefined data of the fourth quarter published by the banks last year, there is a lot of difference between the refined data, so it is seen that the profit has increased by a lot compared to that.
In plain language, the banks showed much lower profit in refined (audited) statement than profit shown in unrefined financial statement last year. A banker said that comparing the profit of last year's unrefined statement compared to the same low profit, the profit of those banks has increased by a lot. Kumari, Nepal Bank, National Commercial Bank, Prabhu etc. are among the banks with high profit growth rate.
Moreover, the banks say that the easy arrangements made in the monetary policy of the current financial year have also helped in the increase in the profits of the banks.
After the flexible policy system and the improvement in loan recovery, the bad loan loss system of the banks has also decreased last year. According to people, until last June, the total loss of banks is 28 and a half billion rupees. Whereas in the previous year, such arrangement was 55 billion 98 million rupees.
Net interest income of banks has decreased by 1 percent in the last financial year after the increase in profit. According to which the total interest income which was 1 trillion 92 billion 64 billion rupees in the previous year is only 1 trillion 90 billion 53 billion rupees last year.
In the last financial year, the ability of banks to give dividends (distributable profit) is 21 billion 63 million rupees. Based on this, it seems that banks can give an average of 13.29 percent dividend.
By the end of the last financial year, it seems that the bad loans of banks remained at an average of 4.1 percent.
