Government-owned Rastriya Banijya Bank’s profit rises to Rs 1.21 arba; CCD ratio at 67.90%

Rastriya Banijya Bank Limited (RBB) has posted a net profit rise of 13.6% in the second quarter of the ongoing fiscal year 2073/74. As per the unaudited quarterly report published by the commercial bank, its net profit has increased to Rs 1.21 arba till the end of second quarter this year, up from Rs 1.07 arba posted in the corresponding quarter last year. RBB has been able to earn Rs 3.04 arba in net interest income up to this quarter, up from Rs 2.40 arba last year. Its deposit base has increased to 1.38 kharba, up from Rs 1.28 kharba in the second quarter last year, but down from Rs 1.46 kharba posted in the first quarter this year. However, its loans has increased in comparison to the first quarter this year and second quarter last year to Rs 93.90 arba. Its CCD ratio now stands at 67.90% and NPL at 2.75%. Its staff expenses has increased 24.25% to Rs 1.41 arba in this period. As of the end of Q2 this year, its paid up capital stands at Rs 8.58 arba with a reserve of Rs 1.23 arba. Its EPS is at Rs 28.35 with net worth per share at Rs 114.37.