Rastriya Banijya Bank earns Rs 2.64 arba in Q4;NPL at 3.95%

Rastriya Banijya Bank Limited (RBBL) has reported a net profit of Rs. 2.64 arba  in the fourth quarter of the fiscal year 2072/73.The bank’s net profit declined by 42.96% in Q4 as compared to the net profit of the corresponding quarter of the previous fiscal year. The figure stood at Rs 4.64 arba in the previous year corresponding quarter. Publishing the unaudited financial report today, the commercial bank’s net interest income increased to Rs. 5.54 arba in the fourth quarter from Rs.4.59 arba in the corresponding quarter. Rastriya Banijya Bank has a paid up capital of Rs. 8.58 arba. The bank has reserve of Rs 73.40 crore which was in loss of Rs 1.91 arba in the corresponding quarter of previous fiscal year. The bank has deposit collection of Rs.1.46 kharba in Q4, up from Rs.1.24 kharba in the corresponding quarter last year. Likewise, it has extended loans and advances of Rs.85.47 arba in Q4.The figure stood at Rs.75.83 arba in the corresponding quarter of the previous fiscal year. Its non-performing loan dropped to 3.95 percent from 5.35 percent in Q4.