Rastriya Banijya Bank earns Rs 1.61 arba in 9 months of current FY; Reserve to be positive by the end of Asad’ 73

Rastriya Banijya Bank has reported a net profit of Rs. 1.61 arba  in the third quarter of the fiscal year 2072/73.The bank’s net profit declined by 60.12% in Q3 as compared to the corresponding quarter of the previous fiscal year. The figure stood at Rs 4.06 arba in the previous year corresponding quarter. Publishing the unaudited financial report today, the commercial bank’s net interest income increased to Rs. 3.73 arba in the third quarter from Rs.3.06 arba in the corresponding quarter. Rastriya Banijya Bank has a paid up capital of Rs. 8.58 arba with negative reserve of Rs 29.43 crore. RBB huge profit of the corresponding quarter was mainly supported by the earning it had made by selling 15 percent cross holding promoter share of Nepal Investment Bank Limited at Rs 531 and Rs 401 respectively. It had earned Rs 2.87 arba under non-operating income heading then. In this quarter RBB has managed to maintain its net profit from its core business activities in the current fiscal year. The bank has deposit collection of Rs.1.30 kharba in Q3, up from Rs.1.03 kharba in the corresponding period last year. Likewise, it has extended loans and advances of Rs.79.29 arba in Q3.The figure stood at Rs.69.77 arba in the corresponding quarter of the previous fiscal year. Its non-performing loan stands at 3.52 percent in Q3.