Lower Impairment Charges Lift Rastriya Banijya Bank’s Profit 60.68% to Rs. 4.55 Arba
Summary
Rastriya Banijya Bank’s net profit rose 60.68% year-on-year to Rs. 4.55 arba in the fourth quarter of fiscal year 2082/83, driven by stronger core earnings and a sharp drop in impairment charges. Deposits and loans also grew, while the bank’s NPL ratio edged up to 3.95%.
Key Points
- Rastriya Banijya Bank reported a net profit of Rs. 4.55 arba in Q4 of fiscal year 2082/83, up 60.68% from a year earlier.
- Operating profit climbed 64.26% to Rs. 6.47 arba as impairment charges fell 62.05% and net interest income increased 17.85%.
- Customer deposits rose 37.11% to Rs. 6.86 kharba, while loans and advances grew 13.60% to Rs. 3.32 kharba.
- The bank’s NPL ratio increased slightly to 3.95%, even as capital adequacy improved to 11.40% and cost of funds declined to 2.96%.
