Rastriya Banijya Bank’s net profit declined

Kathmandu. Rastriya Banijya Bank has earned a net profit of Rs 1.74 billion in the second quarter of the current fiscal year. This is Rs 260 million less than in the second quarter of the last fiscal year. The bank’s net profit stood at Rs 2.21 billion in the second quarter of last year.

According to the bank’s published financial statements, the bank’s total income during the period was Rs 2.44 billion, distributable profit was Rs 1.80 billion, net interest income was Rs 3.91 billion, total operating income was Rs 4.65 billion and net operating income was Rs 4.50 billion. Crore, shareholder fund Rs. 25.47 billion and investment Rs. 74.58 billion.

The bank’s customer deposits reached Rs 241 billion and net loans and borrowings reached Rs 162 billion in mid-January. Compared to the same period of the previous year, the bank’s deposits have increased by 23.91 percent and loans and advances by 10 percent.

As of Mid-Poush, the capital adequacy ratio is 12.70 percent, loan-to-deposit ratio is 65.40 percent, base rate is 5.61 percent, spread rate is 4.09 percent, cost of funds is 3.29 percent and annualized earnings per share is 38.84.

During the review period up to the second quarter of the Fiscal Year 2077/78, the Bank has succeeded in achieving encouraging progress in overall business results including loans, deposits, shareholders’ funds, etc.