Rastriya Banijya Bank (RBB) has reported a significant surge in profit for the first quarter of the current fiscal year. The bank’s net profit rose from NPR 15.13 crore in the same period last year to NPR 59.87 crore, marking an increase of 295%.

Along with higher profitability, other key indicators also showed improvement. During FY 2082/83 Q1, the bank’s interest income increased by 34%, deposits surged by 955%, and loan disbursement grew by 3%.

Despite the increase in deposits, the loan-to-deposit ratio (CD ratio) remained lower, currently at 60%, compared to above 64% in the previous fiscal year, indicating a larger portion of deposits remains unutilized for lending.

Meanwhile, non-performing loans (NPLs) increased by 9%, prompting the bank to raise provisioning by 11%. Additionally, the base rate and spread rate have decreased compared to the same period last year.

The strong performance in Q1 reflects RBB’s ongoing efforts to improve operational efficiency and manage assets while maintaining financial stability.