Government owned Rastriya Banijya Bank Limited (RBB) has posted a net profit rise of 30.88% in the fourth quarter of the last fiscal year 2073/74.
As per the
unaudited quarterly report published by the commercial bank, its net profit has increased to Rs 3.08 arba till the end of fourth quarter of last fiscal year, up from Rs 2.35 arba posted in the corresponding quarter last year.
RBB has been able to earn Rs 6.97 arba in net interest income in Q4, up from Rs 5.54 arba last year.
Its deposit base has increased to massive 1.53 kharba in Q4, up from Rs 1.46 kharba in the same quarter last year,
Likewise, its loans have increased to Rs 1.06 kharba from Rs 85.47 arba. Its CCD ratio now stands at 64.77%.
Another major progress RBB has shown is in decrease in non performing loan (NPL), which is now at only 2.35% from 4.25% in corresponding quarter.
As of the end of Q4, its paid up capital stands at Rs 8.58 arba with a huge reserve of Rs 3.11 arba. Its EPS is at Rs 35.89 with net worth per share of Rs 136.25 . Rastriya Banijya Bank is under process of acquiring NIDC Development Bank Limited.
Major Highlights:
| Indicators (Rs in "000") |
FY 2073/74 Q4 |
FY 2072/73 Q4 |
Growth (%) |
| Paid Up Capital |
8,588,972 |
8,588,972 |
- |
| Reserve and Surplus |
3,113,824 |
17,277 |
17,922.94 |
| Deposits |
153,575,987 |
146,207,634 |
5.04 |
| Loans and Advances |
106,431,351 |
85,470,369 |
24.52 |
| Net Interest Income |
6,979,163 |
5,549,927 |
25.75 |
| Provision |
1,387,990 |
1,044,874 |
32.84 |
| Write Back |
1,213,121 |
1,102,899 |
9.99 |
| Operating Profit |
2,662,983 |
1,734,449 |
53.53 |
| Net Profit |
3,082,660 |
2,355,288 |
30.88 |
| Capital Adequacy Ratio (%) |
11.83 |
10.46 |
13.10 |
| NPL (%) |
2.35 |
4.25 |
(44.71) |
| Cost of Funds (%) |
1.27 |
1.37 |
(7.30) |
| CD Ratio (as per NRB) (%) |
64.77 |
55.43 |
16.85 |
| Base rate |
5.95 |
6.36 |
(6.45) |
| EPS (Annualized) |
35.89 |
27.42 |
30.88 |
| Networth Per Share |
136.25 |
100.20 |
35.98 |
