Government owned Banijya Bank becomes the highest earner bank among 27 banks of Nepal; net profit stands at Rs 2.20 arba till Q2

Wed, Feb 12, 2020 8:31 AM on Financial Analysis, Stock Market,
Government...

Rastriya Banijya Bank Limited (RBB) has reported 8.32% decline in the net profit in the second quarter of the fiscal year 2076/77.

The bank’s profit has decreased from Rs 2.40 arba in the second quarter of the fiscal year 2075/76 to Rs 2.20 arba in the second quarter of the fiscal year 2076/77.

The bank’s deposits from customers rises by 2.98% to Rs 1.94 kharba and loans and advances to customers have also decreased by 4.14% to Rs 1.47 kharba in the second quarter.

The net interest income of the bank has increased by meager 2.16% to Rs 5.06 arba from Rs 4.95 arba in the corresponding quarter.

The bank’s paid up capital stands at Rs 9 arba with Rs 13.88 arba as its reserve. The Non-Performing Loan (NPL) has increased to 4.77% from 3.4%.

In the second quarter, the annualized EPS of the bank stands at Rs 49.07 and net worth per share is Rs 254.24.

 Major Highlights:

 * Figure are of Immediate Previous Year Ending (Audited)

Particulars (In Rs '000)

Rastriya Banijya Bank

Q2 2076/77

Q2 2075/76

Difference

Paid Up Capital*

9,004,796

9,004,796

0.00%

Share Premium*

 

 

 

Retained Earnings*

1,407,012

1,394,491

0.90%

Reserves*

12,482,189

11,186,517

11.58%

Deposits from Customers*

194,901,927

189,255,336

2.98%

Loans & Advances to Customers*

147,897,992

142,022,876

4.14%

Net Interest Income

5,060,626

4,953,692

2.16%

Fee and Commission Income

358,757

364,318

-1.53%

Impairment Charge/(Reversal)

201,309

-136,448

-

Personnel Expenses

1,789,750

1,715,139

4.35%

Operating Profit

3,065,412

3,437,548

-10.83%

Profit/(Loss) for the Year

2,209,482

2,409,962

-8.32%

Total Comprehensive Income

2,388,769

2,409,962

-0.88%

Distributable Profit/ (Loss) after P/L Appropriation and Regulatory Adjustments

1,093,097

-

-

Capital Adequacy Ratio (CAR)

13.15

11.73

12.11%

NPL

4.77

3.4

40.29%

CCD (as per NRB Directives)

72.66

69.24

4.94%

Cost of Fund (%)

4.05

3.01

34.55%

Base Rate (%)

6.6

5.6

17.86%

Annualized EPS (In Rs.)

49.07

53.53

-8.32%

Net Worth per Share (In Rs.)

254.24

239.71

6.06%