The government-owned Rastriya Banijya Bank has reported a non-performing loan (NPL) ratio of 4.55 percent and a profit of Rs 1.75 billion in the first six months of the current fiscal year. The bank clarified that these figures are based on unaudited data.
Speaking at a program organized on the occasion of the bank’s 61st anniversary on Friday, Chairman of the Board of Directors Dev Kumar Dhakal said the bank has been prioritizing lending to productive sectors. He noted that positive signals are emerging in the capital market, construction, services, investment promotion, and infrastructure development, which has helped restore optimism in the overall economy.
Chief Executive Officer Devendra Raman Khanal said the bank has been providing financial services with innovation and renewed commitment. Acknowledging the challenges in expanding credit, he said preparations are underway to issue bonds worth Rs 300 billion to strengthen the bank’s capital base.
According to Khanal, despite having investment capacity of Rs 171 billion based on the credit-deposit ratio and Rs 139 billion based on liquidity, the bank can currently extend only an additional Rs 18 billion in loans due to capital adequacy requirements.
Information shared at the program showed that the bank is serving more than 4.743 million deposit customers and over 226,000 loan customers. With a paid-up capital of Rs 15.63 billion, the bank has mobilized total deposits of Rs 553 billion and extended loans worth Rs 19 billion during the first six months of the current fiscal year.
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