Rastriya Banijya Bank profit shoots up 145.09% to Rs 4.5 arba; Reserve is negative by Rs 169.72 crores
Fri, Aug 14, 2015 12:00 AM on Others,
ShareSansar, August 14:
Rastriya Banijya Bank Limited has posted dominant rise in net profit by 145.09 % for the fourth quarter of the fiscal year 2071/72.
Publicizing the unaudited fourth quarterly report today, the bank has admitted net profit rise of Rs 4.50 arba in Q4 up rising from Rs 1.83 arba in the corresponding quarter of the previous fiscal year 2070/71.
RBB huge profit in this quarter is mainly supported by the earning it had made by selling 15 percent promoter share of Nepal Investment Bank. It has earned Rs 2.87 arba under non operating income heading.
The bank has mobilized deposits of Rs 1.24 kharba in the fourth quarter of the last fiscal as against Rs 1.07 kharba in the corresponding quarter of the previous fiscal year. Likewise, it extended loans of Rs 69.77 arba, up from Rs 53.49 arba.
The bank’s net interest income has increased to Rs 4.59 arbain Q4 from Rs 3.88 arba in the corresponding quarter of the previous fiscal year.
It posted an operating profit of Rs 1.36 arba. The paid up capital of the bank stands Rs 8.58 arba. The reserve and surplus is in loss of Rs 1.69 arba.
The bank’s non-performing loan (NPL) has gone down from 6.38% to 3.38% in Q4. Capital adequacy ratio of the bank stands 10.34% just above 10% minimum requirement of the Central bank. Cash to deposit ratio is 61.05%, which shows bank still has a lot room to expand its credit section to the customers.
Out of 30 commercial banks, Rastra Banijya Bank is the only bank which has not issued shares to the general public.
