Commercial banks post net profit of Rs 19.14 billion in three months

Commercial banks operating in the country generated a total net profit of Rs 19.145 billion during the initial three months of the current fiscal year. Financial reports released by the institutions indicate this figure marks a 45.58 percent expansion when measured against the same timeframe of the preceding year, when total earnings stood at Rs 13.15 billion. Financial analysts attribute the growth to a significant decrease in the cost of funds alongside a reduction in loan loss provisioning across the sector. Among the twenty commercial institutions operating in the market, Nabil Bank secured the leading position with its earnings climbing by 45.43 percent to reach Rs 2.55 billion. Furthermore, reports show that seven separate banking institutions managed to register net profits exceeding the benchmark of Rs 1 billion during the review period. Regarding capacity to distribute dividends to shareholders, only one bank exceeded the thirty percent threshold, while all remaining institutions held distribution capacities beneath that level.