Rastriya Banijya Bank earns the highest amount of profit amongst the commercial banks; Profit increases by 48.68% to Rs 3.08 arba in the third quarter
Sun, Apr 29, 2018 2:47 AM on Financial Analysis, Latest, Stock Market,
Rastriya Banijya Bank Limited (RBB) has posted a net profit rise of 48.68% in the third quarter of the ongoing fiscal year 2074/75.
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 third quarter this year, up from Rs 2.07 arba posted in the corresponding quarter last year.
RBB has been able to earn Rs 6.19 arba in net interest income up to this quarter, up from Rs 4.67 arba last year. Its deposit base has increased to 1.53 kharba, up from Rs 1.35 kharba in the third quarter last year. However, its loans have increased in comparison third quarter last year to Rs 1.12 kharba.
The cost of fund of RBB stands at 2.14% in the current quarter of the fiscal year 2074/75.
As of the end of Q3 this year, its paid up capital stands at Rs 8.58 arba with a reserve of Rs 4.97 arba. Its EPS is at Rs 47.89 with net worth per share of Rs 157.95. The bank is set to start its joint transactions with NIDC Development Bank after merger from Baisakh 19, 2075.
Major Highlights:
|
Particulars (In Rs '000) |
RBB |
||
|---|---|---|---|
|
Q3 2074/75 |
Q3 2073/74 |
Difference |
|
|
Paid Up Capital |
8,588,972 |
8,588,972 |
0.00% |
|
Reserve & Surplus |
4,977,591 |
2,091,484 |
137.99% |
|
Deposits |
153,223,917 |
135,364,855 |
13.19% |
|
Borrowings |
274,341 |
764,900 |
-64.13% |
|
Loans & Advances |
112,807,965 |
101,364,497 |
11.29% |
|
Net Interest Income |
6,190,231 |
4,670,371 |
32.54% |
|
Provision for possible losses |
1,244,301 |
954,916 |
30.30% |
|
Operating Profit |
3,140,186 |
1,811,503 |
73.35% |
|
Net Profit |
3,085,010 |
2,074,978 |
48.68% |
|
NPL (%) |
2.9 |
2.7 |
7.41% |
|
Annualized EPS (In Rs.) |
47.89 |
32.21 |
48.68% |
|
Net Worth per Share (In Rs.) |
157.95 |
124.35 |
27.02% |
