Rastriya Banijya Bank Posts Rs 1.91 Arba in Net Profit [Q2 Report]
January 21, 2022 | Investopaper
Rastriya Banijya Bank has reported a 10 percent rise in net profit until the second quarter of the current fiscal year 2078/79. The bank has posted a net profit of Rs 1.91 Arba, up from Rs 1.74 Arba of the corresponding period of the previous fiscal year.
The rise in net profit is due to the incline in the net interest income by 15 percent. RBB earned Rs 4.52 Arba as the net interest income in the six months period. Last year, such income stood at Rs 3.91 Arba in the same period.
As of Poush’s end 2078 BS, Rastriya Banijya Bank has a paid-up capital of Rs 13.94 Arba with Rs 17.23 Arba as reserve and surplus. The bank has collected Rs 242.56 Arba as deposits from the customers. Likewise, it has floated Rs 195.43 Arba as loans and advances.
The bank is able to reduce the non-performing loan (NPL) to 3.06 percent. However, the base rate has risen to 6.6 percent. Looking into the per share ratios, RBB has an annualized EPS of Rs 27.54 while the per-share networth stood at Rs 223.6.
The table below presents the summarized version of the quarterly report:
Rastriya Banijya Bank: Q2 Report Summary, FY 2078/79
| Financial Indicators | Q2, F.Y. 2078/79 | Q4, F.Y. 2077/78 | Percent Change |
| Paid up capital (Rs.’Arba’) | 13.94 | 10.18 | 36.94 |
| Reserve and Surplus (Rs.’Arba’) | 17.23 | 18.48 | -6.76 |
| Deposits From Customers (Rs.’Arba’) | 242.56 | 263.83 | -8.06 |
| Loans & Advances To Customers (Rs.’Arba’) | 195.43 | 177.87 | 9.87 |
| Financial Indicators | Q2, F.Y. 2078/79 | Q2, F.Y. 2077/78 | Percent Change |
| Net Interest Income (Rs.’Arba’) | 4.52 | 3.91 | 15.60 |
| Operating Profit (Rs.’Arba’) | 2.48 | 2.41 | 2.90 |
| Net Profit (Rs.’Arba’) | 1.91 | 1.74 | 9.77 |
| Distributable Profit (Rs.’Arba’) | 1.38 | – | – |
| Non Performing Loans, NPL(%) | 3.06 | 4.23 | -27.66 |
| Base rate(%) | 6.6 | 5.61 | 17.65 |
| Earnings Per Share, EPS(Rs.) | 27.54 | ||
| Networth Per Share ( Rs.) | 223.6 |
Source: Unaudited Q2 Report, FY 2078/79
Note:
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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