Everest Bank has reported an increase in profit. According to the bank’s financial statement, its profit has grown by 32 percent.
In the fiscal year 2081/82, the bank’s net profit rose by 32.80 percent to Rs 4.91 billion. In the previous year, the profit was Rs 3.70 billion.
The bank’s distributable profit now stands at Rs 4.95 billion, which means it has the capacity to distribute a dividend of 38.26 percent. The bank’s non-performing loan ratio has also improved, dropping to 0.38 percent.
Earnings per share have increased to Rs 37.99, compared to Rs 31.47 last year. By the end of the last fiscal year, the bank’s paid-up capital was Rs 12.94 billion, and its reserves had reached Rs 13.88 billion.
Everest Bank Financial Performance
Deposits grew by 38.62 percent to Rs 298.81 billion, while loan investments rose by 19.86 percent to Rs 213.62 billion.
