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,
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% |
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