RBB deposits increased by 22 percent

Kathmandu. Rastriya Banijya Bank has made a profit of Rs 4.45 billion in the last fiscal year.

Although the bank's profit has decreased by 11 percent compared to the previous fiscal year 2075/76 due to corona virus, but it has earned more profit than other banks. The bank had made a profit of Rs 5.4 billion in the previous fiscal year.

Commercial banks have collected Rs 230 billion in deposits and disbursed Rs 150 billion in loans till mid-July. The bank has improved its deposits by 22 percent and loans by 6.18 percent compared to the previous year.

In the corresponding period of the previous year, the bank had collected Rs 189 billion in deposits and disbursed Rs 142 billion in loans.

The bank has fixed the NPL ratio at 4.08 percent. The NPL ratio stood at 4.79 percent in the previous year.

The bank's distressed fund has maintained 3.69 percent, base rate 5.80 percent and spread rate 4.26 percent. Commercial banks with a paid-up capital of Rs 9 billion have Rs 13 billion in the reserve fund.