Banks’ net profits hit Rs 19.14 billion, a 45.58 percent rise due to decline in costs of funds

KATHMANDU, Nov 1: Commercial banks of Nepal earned net profit of Rs 19.145 billion in the first three months of the current Fiscal Year (FY), an increase of 45.58 percent compared to the same period last year due to a reduction in loan loss provisioning and lower costs of funds.

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