Everest Bank Limited has released its unaudited financial statements for the first two quarters of the current fiscal year 2082/83 (B.S.). The bank reported a net profit of NPR 211.7116 million, marking a 2.04% increase compared to NPR 207.4763 million in the same period last year. The growth in net profit is primarily due to higher net interest income and increased fees and commissions.
During the review period, net interest income rose by 5.96% to NPR 457.29 million, while net fees and commissions increased by 20.38% to NPR 92.09 million. Total operating income grew by 9.73% to NPR 581.47 million. Although impairment charges increased from NPR 34.95 million to NPR 56.27 million, the rise in operating income resulted in a 2.06% increase in operating profit, which reached NPR 317.1646 million.
The bank’s non-performing loan (NPL) ratio increased slightly by 0.02 percentage points to 0.68%, compared to 0.66% in the previous year. Everest Bank collected deposits totaling NPR 304.9587 billion and disbursed loans worth NPR 236.4272 billion. Deposits grew by 2.05% and loans by 10.77%, resulting in a credit-deposit (CD) ratio of 80.19%. The bank’s base rate remained at 4.75%.
The bank’s distributable profit stood at NPR 334.28 million, indicating a dividend-paying capacity of 31.93%. Everest Bank’s paid-up capital is NPR 1.3721376 billion, with reserves totaling NPR 1.85296 billion. Earnings per share (EPS) decreased by NPR 1.20 to NPR 30.86. Net worth per share is NPR 235.15, and the price-to-earnings (P/E) ratio is 21.39 times.
This article was originally published on https://bajarkochirfar.com. Translated with the help of AI and reviewed by our editorial team.
