November 1, 2021 | Investopaper
Rastriya Banijya Bank (RBB), the state-owned commercial bank has published the unaudited first-quarterly report of the fiscal year 2078/79. The bank has crossed the billionaire mark with a net profit of Rs. 1.05 Arba. The distributable profit stands at Rs. 5.37 Arba. The profit has increased by percent as compared to the corresponding period of the previous fiscal year. The rise in profit is mainly due to the increase in the net interest income of the bank by 25 percent. In the first three months of this fiscal year, RBB had earned Rs 2.34 Arba as net interest income, up from Rs 1.87 Arba of the same period of last year.
As of Ashwin’s end 2078 BS, the bank has a paid-up capital of Rs. 10.18 Arba with a total reserve and surplus of Rs. 21.04 Arba. With a profit of Rs. 1.05 Arba, the annualized Earnings per share (EPS) of the bank stands at Rs. 41.25. Likewise, the per-share net worth is Rs. 306.68.
Rastriya Banijya Bank has a total deposit collection from customers of Rs. 240.87 Arba while the loans and advances to customers stand at Rs. 190.22 Arba.
The NPL has declined to 3.01 percent while the base rate of the bank has also fallen to 5.63 percent.
The first-quarterly report of Rastriya Banijya Bank is also summarized in the table below:
Rastriya Banijya Bank (RBB): Financial Highlights of First Quarter, FY 2078/79
|Financial Indicators||Q1, F.Y. 2078/79||Q4, F.Y. 2077/78||Percent Change|
|Paid-up capital (Rs. ‘Arba’)||10.18||10.18||0.00|
|Reserve and Surplus (Rs. ‘Arba’)||21.04||19.99||5.25|
|Deposits From Customers (Rs. ‘Arba’)||240.87||264.07||-8.79|
|Loans & Advances To Customers (Rs. ‘Arba’)||190.22||178.57||6.52|
|Financial Indicators||Q1, F.Y. 2078/79||Q1, F.Y. 2077/78||Percent Change|
|Net Interest Income (Rs. ‘Arba’)||2.34||1.87||25.13|
|Operating Profit (Rs. ‘Arba’)||1.28||1.17||9.40|
|Net Profit (Rs. ‘Arba’)||1.05||0.82||28.05|
|Distributable Profit (Rs. ‘Arba’)||5.37||–||–|
|Non Performing Loans, NPL(%)||3.01||4.1||-26.59|
|Base rate (%)||5.63||5.74||-1.92|
|Earnings Per Share, EPS(Rs.)||41.25|
|Networth Per Share ( Rs.)||306.68|
Source: Unaudited Q1 Report, FY 2078/79
The above figures are based on the un-audited quarterly report published by the respective company. Investors are advised to take other things into consideration along with this report while making investment decisions. The numbers may vary after the final audit.
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