Rastriya Banijya Bank's Net Profit declines by 11.77%; EPS at 49.45 and NPL at 4.08%
Fri, Aug 14, 2020 7:56 PM on Latest, Company Analysis,
Rastriya Banijya Bank (RBB) has published its fourth-quarter report for the FY 2076/2077 with a decrease in Net Profit by 11.77%. The bank's net profit has decreased from Rs. 5.04 Arba in the fourth quarter of FY 2075/2076 to Rs. 4.45 Arba in the fourth quarter of FY 2076/2077.
Despite the growing loan portfolio of the bank, due to the current business environment, the banking industry as a whole could not recover interest on the loans which led to a decrease in interest income (core business revenue). RBB’s Net income decreased by 6.36% compared to the corresponding quarter of the previous year.
The bank’s deposit from customers increased by 21.97% to Rs. 2.30 Kharba whereas loans and advances to customers increased by 6.19% to Rs. 1.50 Kharba till the fourth quarter.
The bank’s paid-up capital stands at Rs. 9.00 Arba with Rs. 17.44 Arba in Reserve and surplus. The Non-performing loan (NPL) stood at 4.08% in the fourth quarter of FY 2076/2077.
The earnings per share (EPS) of the Bank stood at Rs. 49.45 and Net worth per share stood at Rs. 260.38.
Major Highlights:
|
Particulars ('000) |
Rastriya Banijya Bank |
||
|---|---|---|---|
|
Q4, 2076/2077 |
Q4,2075/2076 |
Difference |
|
|
Paid-up Capital |
9,004,795.70 |
9,004,795.70 |
- |
|
Share Premium |
- |
- |
- |
|
Retained Earnings |
1,353,424.82 |
1,394,490.94 |
-2.94% |
|
Reserves |
13,088,825.00 |
11,186,516.94 |
17.01% |
|
Deposit from Customers |
230,827,711.49 |
189,255,335.57 |
21.97% |
|
Loans & Advances to Customers |
150,808,037.12 |
142,022,642.94 |
6.19% |
|
Net Interest Income |
9,315,151.43 |
9,948,115.76 |
-6.36% |
|
Fee and Commission Income |
828,481.71 |
775,790.86 |
6.79% |
|
Impairment Charge/(Reversal) |
85,145.60 |
611,107.68 |
- |
|
Personnel Expenses |
2,911,893.54 |
3,091,154.04 |
-5.80% |
|
Operating Profit |
6,033,349.37 |
6,470,434.73 |
-6.76% |
|
Profit/(Loss) for the Year |
4,452,533.71 |
5,046,520.37 |
-11.77% |
|
Total Comprehensive Income |
2,941,817.90 |
4,086,875.41 |
-28.02% |
|
Distributable Profit/(Loss) after P/L appropriation and Regulatory Adjustments |
1,035,895.78 |
- |
- |
|
Capital Adequacy Ratio (CAR) (%) |
12.68% |
13.39% |
- |
|
Non-Performing Loan (NPL) |
4.08% |
4.79% |
- |
|
CCD (as per NRB Directive) |
62.48% |
72.85% |
- |
|
Cost of Fund (%) |
3.69% |
2.71% |
- |
|
Base Rate (%) |
5.80% |
5.50% |
- |
|
EPS (Rs.) |
49.45 |
56.04 |
-11.76% |
|
Net worth per share (Rs.) |
260.38 |
231.79 |
12.33% |
