RBB on recovery stage; able to converts its CAR positive by 10.05 percent

ShareSansar, December 23:

Rastriya Banijaya Bank Limited (RBBL), one of the oldest commercial bank of Nepal has able to make its capital adequacy ratio (CAR) positive by 10.05 percent. Prior, RBB capital adequacy ratio was negative by 33 percent.

Recently, Rastriya Banijaya Bank has sold 15 percent promoter share of Nepal Investment Bank Limited and Nepal Aawas Finance Limited on auction to the general public and institutional investors from which the bank has been able to earn Rs 2.8 arba approximately, which help to increase its capital fund.

Government of Nepal (GOI) has injected Rs 4.32 arba as capital in 2069. The bank has also converted Rs 3 arba as capital which they have received from World Bank under financial sector reform program

The bank also converted preference share worth Rs 78.70 crore to ordinary share in Asar, 2070. RBB is also planning to issue ordinary share to the general public in the next fiscal year.