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Rastriya Banijya Bank reports profit

 

Banks in Nepal
Rastriya Banijya Bank
fully government owned & largest commercial bank in Nepal. provides various banking services to a wide range of customers including banks, insurance companies, industrial trading houses, airlines, hotels, and many other sectors. RBB has Nepal's most extensive banking network with over 113 branches.
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News item 17-8-2007

Rastriya Banijya Bank (RBB), the only state-owned commercial bank, has earned a net profit of Rs 1.68 billion during the fiscal year 2006-07. The bank’s deposits rose by nine per cent and loans by 9.29 per cent during the year, as against the previous fiscal year. As of mid-July 2007, the bank collected Rs 50.34 billion in deposits and extended loans of Rs 25.39 billion, while it made an investment to the tune of Rs 12.71 billion. The bank has been able to cut down the volume of defaulted loans from 70 per cent to 29 per cent during last four years since the reforms started. The recovery of loans disbursed by the new management team is more than 99.5 per cent, claims the release. The bank has already computerised 71 branches and started SMS banking services in 28 branches and anywhere branch banking service from 16 branches while nine of its branch offices are providing 365-day banking. Rastriya Banijya Bankhas been serving a total of 1.2 million depositors and 125,000 loan customers through its 114 branch offices, spread over 63 districts in the country. The bank has also opened its counters in Doha and Dubai to facilitate inward flow of remittances.

 

Read more about the profit of the Rastriya Banijya Bank

 

Other banking news and articles:

NIC banks in Lahan (14-6-2008)
NBL starts e-banking (10-6-2008)
Profit of Global Bank (1-2-2008)
Job hopping in bank sector of Nepal (4-2-2008)
Neelgiri Development Bank collected a deposit of Rs 45.7 million (21-1-2008)
Sanima introduces debit card (1-1-2008)

Sunrise bank launches saving scheme (1-1-2008)
Vibor Bikas Bank launches Vibor Super Yield Deposit (14-12-2007)
Makwanpur Agriculture Development Bank provides new loans for unemployed (29-11-2007)
Garima Development Bank Limited opens in Waling Bazaar (24-11-2007)
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laxmi development bank issues shares (8-8-2007)
Profit Capital Merchant Banking & Finance (27-7-2007)
Nbbil bank provides dividend (15-7-2007)
Total deposits at the banking sector grew by over 10 percent (24-6-2007)
banks move to rural areas (3-6-2007)
Salaries of Nepali bank's CEOs (5-5-2007)
Laxmi Bank opens branch in Pokhara (26-4-2007)

Nepal Stock Exchange suspends trading of Nepal Credit and Commerce Bank (30-1-2007)
Buddha on bank notes (25-1-2007)
agricultural development bank loans (24-1-07)
recovery plan for bad loans (1-1-07)

 

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