KATHMANDU, Jan 24: The government-owned Rastriya Banijya Bank (RBB) has marked its 59th year of establishment. The bank, which was established on January 23, 1966 under the full ownership of the government, said that it is currently committed to modern banking services.
By mid-July, 2023, the bank's authorized share capital is Rs 30 billion, with issued and paid-up share capital at Rs 15.64 billion.
59th ITEC day observed in Kathmandu
According to the existing capital structure of the bank, the government holds 99.97 percent shares and the general public has 0.03 percent shares. The capital fund of the bank has reached Rs 50.74 billion.
As of mid-July, the non-performing loan ratio of the bank stands at 3.77 percent. As of mid-January, the bank has Rs 338.5 billion deposits of more than 4,140,000 depositors, both individual and institutional. In terms of loans, the bank has loan disbursement to more than 194,000 customers worth Rs 256.70 billion.
In the last fiscal year 2079/80 BS, the bank earned a net profit of Rs 3.59 billion securing the second-highest net profit among banks for that year. Last year, the bank distributed a 5.50 percent cash dividend from the accumulated profit.
With 50 out of the total 81 treasury and accounting controller offices of the federal government, 51 out of the 77 of the provincial government offices and 128 local level offices have banked with the RBB.
In the last fiscal year, RBB contributed Rs 2.18 billion in income tax to the government. The bank's branch network has been providing services through 286 branch offices, 64 extension counters and 95 branchless banking units including 77 district headquarters.
