Banking
Banking Sector Rally Continues as Major Banks Post Strong Q2 Results
Major commercial banks show strong quarterly earnings, driving sector-wide gains in the market.
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Nepal's banking sector continued its impressive rally this week as several major commercial banks reported better-than-expected second-quarter results. Nabil Bank led the pack with a 22% increase in net profit, while NIC Asia and Global IME Bank also posted double-digit earnings growth.
The Banking sub-index gained 1.45% during the session, outperforming the broader market.
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