Lower Impairment Charges Lift Rastriya Banijya Bank’s Profit 60.68% to Rs. 4.55 Arba

Rastriya Banijya Bank Limited has reported a net profit of Rs. 4.55 Arba for the fourth quarter of fiscal year 2082/83, marking a 60.68% year-on-year increase.

The bank’s operating profit rose 64.26% to Rs. 6.47 Arba, supported by steady core earnings and a significant reduction in impairment charges. Net interest income increased 17.85% to Rs. 11.96 Arba, while impairment charges declined sharply by 62.05% to Rs. 84.79 Crore.

Rastriya Banijya Bank maintained its paid-up capital at Rs. 15.63 Arba. Its reserves increased by 5.30% to Rs. 39.37 Arba, while retained earnings improved to Rs. 1.07 Arba, reversing the deficit recorded in the previous year.

Customer deposits expanded significantly by 37.11% to Rs. 6.86 Kharba. Similarly, loans and advances grew by 13.60% to Rs. 3.32 Kharba.

The bank’s capital adequacy ratio improved marginally to 11.40%, compared to 11.36% a year earlier.

However, the non-performing loan (NPL) ratio increased to 3.95% from 3.79%. Meanwhile, the cost of funds declined to 2.96% from 3.33%, indicating an improvement in the bank’s funding efficiency.

The bank’s earnings per share (EPS) stood at Rs. 29.14, while net worth per share reached Rs. 358.68.

Report:

Major Financial Highlights:

Particulars (In Rs '000) Rastriya Banijya Bank Limited
Q4 2082/83 Q4 2081/82 Difference
Paid Up Capital 15,637,377.06 15,637,377.06 0.00%
Share Premium 0.00 0.00  
Retained Earnings 1,076,957.80 -850,273.19 -226.66%
Reserves 39,373,522.18 37,391,790.31 5.30%
Deposit 686,135,600.17 500,414,680.52 37.11%
Loans & Advances  332,083,450.93 292,337,157.59 13.60%
Net Interest Income 11,966,153.43 10,153,978.19 17.85%
Personnel Expenses 5,485,628.99 4,801,530.23 14.25%
Impairment Charges 847,965.94 2,234,421.69 -62.05%
Operating Profit 6,475,318.22 3,942,024.35 64.26%
Net Profit 4,556,891.45 2,836,002.14 60.68%
Distributable Profit/ (Loss) after P/L Appropriation and Regulatory Adjustments  1,076,957.80 -850,273.19 -
Capital Adequacy (%) 11.40 11.36 0.35%
NPL (%) 3.95 3.79  
Cost of Fund (%) 2.96 3.33 -11.11%
EPS  (In Rs.) 29.14 18.14 60.68%
Net Worth per Share (In Rs.) 358.68 333.68 7.49%