May 14, 2020 | Investopaper
Rastriya Banijya Bank, the state-owned commercial bank has published the unaudited third-quarter report of the fiscal year 2076/77. The bank has posted a net profit of Rs. 3.04 Arba. This is 13 percent lower than the profit of the corresponding quarter of the previous year. Last year, Rastriya Banijya Bank had earned Rs. 3.50 Arba in net profit.
The distributable profit until the third quarter stands at Rs. 1.16 Arba.
The profit has declined due to the fall in net interest income by 5.56 percent. At the end of Chaitra, 2076, Rastriya Banijya Bank has earned Rs. 6.97 Arba, down from Rs. 7.38 Arba of last year.
As of the third quarter of this fiscal year, the bank has a paid-up capital of Rs. 9 Arba with total reserve of Rs. 14.72 Arba. With a profit of Rs. 3.04 Arba, the annualized Earnings per share (EPS) of the bank stands at Rs. 44.96. Likewise, the per-share net worth is Rs. 263.56.
Rastriya Banijya Bank has a total deposit collection of Rs. 200.46 Arba while the loans stand at Rs. 148.63 Arba.
The NPL has increased to 4.64 percent from 4.28 percent. Likewise, the base rate of the bank has slightly increased to 6.72 percent.
The third-quarter report of Rastriya Banijya Bank is also summarized in the table below:
Rastriya Banijya Bank Third Quarter Report Summary, 2076/77
|Headings||3rd Qtr, F.Y. 2076/77||Ashad End, F.Y. 2075/76||Percent Change|
|Paid up capital(Rs.’Arba’)||9||9||0.00|
|Reserve and Surplus(Rs.’Arba’)||14.72||12.58||17.01|
|Deposits From Customers (Rs.’Arba’)||200.46||189.26||5.92|
|Loans & Advances To Customers (Rs.’Arba’)||148.63||142.02||4.65|
|Headings||3rd Qtr, F.Y. 2076/77||3rd Qtr, F.Y. 2075/76||Percent Change|
|Net Interest Income(Rs.’Arba’)||6.97||7.38||-5.56|
|Operating Profit (Rs.’Arba’)||4.17||4.86||-14.20|
|Net Profit (Rs.’Arba’)||3.04||3.5||-13.14|
|Distributable Profit (Rs.’Arba’)||1.16|
|Non Performing Loans, NPL(%)||4.64||4.28||8.41|
|Earnings Per Share, EPS(Rs.)||44.96|
|Networth Per Share ( Rs.)||263.56|
|Market Price Per Share (Rs.) Chaitra end, 2076]||368|
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.