Rastriya Banijya Bank registers profit of Rs 50.08 crore in Q1; Reserve positive to Rs 1.23 arba from loss of Rs 1.09 arba

Rastriya Banijya Bank Limited (RBB) has posted profit decline by 17.07 percent in the first quarter (Q1) of the current fiscal year 2073/74. Publishing the unaudited financial report for the first quarter today, the net profit of the company dropped to Rs 50.08 crore in Q1 up from Rs 60.39 crore in the corresponding quarter of the previous fiscal year 2072/73. The commercial bank has stated that its operating profit has plunged to Rs 58.30 crore in Q1, from Rs 74.90 crore in the corresponding quarter of the last fiscal year. Rastriya Banijya Bank has paid up capital of Rs 8.58 arba. The bank’s reserve turned positive to Rs 1.23 arba from loss of Rs 1.09 arba in Q1. Its net interest income has depreciated to Rs 1.29 arba in Q1 up from Rs 1.50 arba in the corresponding quarter. The bank has also collected Rs 1.46 kharba in deposits and disbursed Rs 85.98 arba in loans as compared to Rs 1.24 kharba in deposits and Rs 74.69 arba in loans in the corresponding quarter last year The commercial bank’s Non-Performing Loan (NPL) decreased to 3.30 percent from 3.51 percent in Q1. Please Click Here For Announcement