header banner

RBB profits Rs. 2.03 billion

alt=
By No Author
KATHMANDU, Sept 1: Rastriya Banijya Bank, a state owned commercial bank, posted a record net profit of Rs. 2.03 billion last fiscal year.



“By making a successful recovery of Rs. 2.4 billion cash last year from Non-Performing Loan, the bank succeeded to bring down the Non-Performing Asset to 15 per cent,” Bank CEO Janardan Acharya said while inaugurating a strategic meet on Tuesday.



“We have made a target to bring down the same to zero per cent within next two years,” Acharya added.



The three-day meet, organized to chalk out action plans, are being participated by branch managers of 34 RBB branches of the Kathmandu region.



Deputy General Manager Krishna Prasad Sharma, while addressing the meet, said that the bank aimed to be the top bank of the country.



Related story

RBB begins bond sale from today

Related Stories
ECONOMY

Net profits of commercial banks surged 24.92 perce...

Banksketch_20210129120845.jpg
ECONOMY

Banks defy credit crunch, see profits surge by 10...

bankdefy.jpg
ECONOMY

Nepal’s agro imports surge to Rs 203 billion, clos...

Agriculture.jpg
ECONOMY

RBB to issue bonds worth Rs 2.50 billion from Sund...

rastriya-banijya-bank.jpg
ECONOMY

CASA mobilizes Rs 830 million to help 156,203 smal...

01lg1abHPkitPSaq8zXd1Ilg4gZcBtpEJR9nF9zR.jpg