Rastriya Banijya Bank Shares worth Rs 2.57 arba within this Fiscal Year; Earliest possible date is the last week of Poush

It is not a hidden fact that the Rastriya Banjya Bank Limited (RBB) is offering its share to the public in near future.  The paid up capital of the bank is 8.58 arba.  Rastriya Banijya Bank has posted dominant rise in net profit by 145.09 % for the fourth quarter of the fiscal year 2071/72. ShareSansar team caught up with CEO of Rastriya Banijya Bank, Mr. Krishna Prasad Sharma, to discuss on various issues. Mr. Sharma told us that the process to issue share will take at least four month from the date the bank receives authorization from Ministry of Finance to issue shares. After the final nod from ministry the bank would appoint issue manager and start the process to get approval from concerned regulatory authorities. Theoretically, if bank were to be given authorization today, the earliest the public can apply the shares would be around the last week of Poush! However, the officials at RBB are determined to issue the shares by the end of this fiscal year. In unaudited fourth quarterly report, the bank has admitted net profit rise of Rs 4.50 arba in Q4 up rising from Rs 1.83 arba in the corresponding quarter of the previous fiscal year 2070/71. RBB huge profit in this quarter is mainly supported by the earning it had made by selling 15 percent promoter share of Nepal Investment Bank. It has earned Rs 2.87 arba under non operating income heading. The reserve and surplus is in loss of Rs 1.69 arba. The bank’s non-performing loan (NPL) has gone down from 6.38% to 3.38% in Q4. Capital adequacy ratio of the bank stands 10.34% just above 10% minimum requirement of the Central bank. Cash to deposit ratio is 61.05%, which shows bank still has a lot room to expand its credit section to the customers.