Rastriya Banijya Bank Earns Net Profit of Rs 5 Bn

Aug 05, 2022 09:47 AM Merolagani



Rastriya Banijya Bank has published its fourth quarter report of the last FY. As per the report, the bank has managed to increase its net profit during the period.

The bank earned net profit of Rs 5.21 billion which is 37.38 percent growth compared to Rs 3.79 billion of the corresponding period of the last FY.

Increase in net interest income and operating profit can be attributed to the increase in net profit. The bank logged distributable profit of Rs 3.03 billion in the review period.

During the period, the net interest income increased by 17.29 percent and net fee and commission income by 6.88 percent. Similarly, its total operating income has increased by 15.53 percent and operating profit by 37.67 percent.

The bank’s paid-up capital increased by 46.69 and reserve fund by 0.29 percent during the period. In the review period, the bank increased deposit collection by 1.69 percent and loans by 19.22 percent.

The bank has logged EPS of Rs 34.90.

 




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