Global IME and Commerz and Trust likely to finalize merger this week

After months of closed-door negotiations with various BFIs, Commerz and Trust Bank Nepal Limited has more or less decided to merge with Global IME Bank.

Nepal SBI Bank reports net profit rise of 37.38%

Nepal SBI Bank Limited has reported a net profit rise of 37.38 percent in the first quarter of the current fiscal year 2070/71.

Publicizing its unaudited report for the first quarter today, the commercial bank has stated that its net profit has surged to Rs 22.27 crore in the first quarter, up from Rs 16.21 crore in the corresponding quarter of the last fiscal year.

Bank of Kathmandu Ltd BoK’s net profit drops by 20 %

Bank of Kathmandu Limited has reported a drop in its net profit rise of 20 percent in the first quarter of the current fiscal year 2070/71.

Publicizing its unaudited report for the first quarter today, the BoK has stated that its net profit has dropped to Rs 12.22 crore in the first quarter, down from Rs 15.28 crore in the corresponding quarter of the last fiscal year.

Mega Bank’s profit grows by 291 percent in Q1

Mega Bank Nepal Limited has posted an astounding 291 percent growth in net profit in the first quarter of the current fiscal year 2070/71.

According to the unaudited quarterly report the bank has published today, its net profit surged to Rs 10.18 crore from Rs 2.60 crore in the corresponding quarter of the last fiscal year.

Global IME posts massive profit of 224% of the current fiscal year 2070/71

Global IME Bank has reported a massive profit rise of 224 percent in the first quarter of the current fiscal year 2070/71.

Publicizing its unaudited report for the first quarter today, the commercial bank has stated that its net profit has surged to Rs 27.14 crore in the first quarter, up from Rs 8.38 crore in the corresponding quarter of the last fiscal year.