Rastriya Banijya Bank posted a highest profit in banking industry; earns massive Rs 2.40 arba in Q2

Thu, Feb 7, 2019 8:29 AM on Financial Analysis, Latest, Stock Market,
Rastriya B...

Rastriya Banijya Bank Limited (RBB) has reported 34.94% rise in the net profit in the second quarter of the fiscal year 2075/76 to stay in top of the industry.

The bank’s profit has increased from Rs 1.78 arba in the second quarter of the fiscal year 2074/75 to Rs 2.40 arba in the second quarter of the fiscal year 2075/76. In the second quarter of the FY 2075/76, the bank has massive amount of Rs 2.17 arba as Free Profit after Regulatory Adjustments.

The bank’s deposit rises by 21.79% to Rs 1.81 kharba and loans and advances have also increased by 21.89% to Rs 1.34 kharba in the second quarter. The banks able to maintain same growth rate for its deposits and loans.

The net interest income of the bank has increased to Rs 4.49 arba from Rs 4.01 arba of the corresponding quarter.

The bank’s paid up capital stands at Rs 9 arba with Rs 12.44 arba as its reserve as of the second quarter of FY 2075/76.

The Non-Performing Loan (NPL) has also increased slightly to 3.4% from 3.11%.

The CCD ratio stands at 69.24% which suggest that bank are not in shortage of deposits unlike other commercial banks and its base rate stands at 5.6% which is lowest in the banking industry.

In the second quarter, the EPS of the bank stands at Rs 53.53. The net worth per share stands at Rs 238.20.

Major Highlights:

Particulars (In Rs '000)

Rastriya Banijya Bank Limited

Q2 2075/76

Q2 2074/75

Difference

Paid Up Capital

9,004,796

8,588,972

4.84%

Reserve & Surplus

12,444,767

3,678,494

238.31%

Deposits

181,596,629

149,104,329

21.79%

Borrowings

175,107

382,497

-54.22%

Loans & Advances

134,879,753

110,654,599

21.89%

Net Interest Income

4,953,692

4,011,305

23.49%

Impairment Charge/(Reversal)

136,448

480,883

-

Operating Profit

3,437,548

2,257,040

52.30%

Profit/(Loss) for the Year

2,409,962

1,785,913

34.94%

Total Comprehensive Income

2,409,962

1,785,913

34.94%

Add/ Less: Regulatory adjustment as per NRB

-231,774

-

-

Free Profit/ (Loss) after Regulatory Adjustments

2,178,188

1,783,923

22.10%

Capital Adequacy Ratio (CAR)

11.73

11.42

2.71%

NPL

3.4

3.11

9.32%

CCD (as per NRB Directives)

69.24

69.12

0.17%

Base Rate (%)

5.6

5.98

-6.35%

Annualized EPS (In Rs.)

53.53

41.59

28.71%

Net Worth per Share (In Rs.)

238.20

142.83

66.77%