ks complain of shortage of loanable funds-and continue to increase net profit
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Kathmandu, May 15 -- Almost all of the 28 commercial banks in the country have posted a significant increase in their net profit in the first nine months of the current fiscal year, although they had been complaining throughout the period about the shortage of loanable funds and were reluctant to reduce the interest rate on loans.
The unaudited third-quarter financial reports published by 'A' class financial institutions show that the banks secured profit worth Rs44 billion in total, a growth of, on an average, 17 percent.
Except Civil Bank and Century Bank, all 28 banks have secured net profit of over Rs1 billion.
While the profit of Nabil Bank and Rastriya Banijya Bank crossed Rs3 billion, Nepal Bank Limited, Nepal Investment Bank, E...
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