Rastriya Banijya Bank reports a whopping 45.75% growth in net profit, Deposits and loans at Rs 1.90 kharba and Rs 1.44 kharba respectively
Thu, Aug 15, 2019 3:00 PM on Financial Analysis, Latest, Stock Market,
Rastriya Banijya Bank Limited (RBB) has reported 45.75% rise in the net profit in the fourth quarter of the fiscal year 2075/76.
The bank’s profit has increased from Rs 3.65 arba in the fourth quarter of the fiscal year 2074/75 to Rs 5.32 arba in the fourth quarter of the fiscal year 2075/76.
The bank’s deposit rises by 15.85% to Rs 1.90 kharba and loans and advances have also increased by 23.07% to Rs 1.44 kharba in the fourth quarter.
The net interest income of the bank has increased to Rs 10.22 arba from Rs 9.11 arba in the corresponding quarter.
The bank’s paid up capital stands at Rs 9 arba with Rs 13.73 arba as its reserve as of the fourth quarter of FY 2075/76.
The Non-Performing Loan (NPL) has decreased to 3.90% from 4.75%.
In the fourth quarter, the EPS of the bank stands at Rs 59, an increase from Rs 42.
