Kathmandu - Everest Bank Limited has posted a net profit of NPR 1.17 billion in the first quarter of FY 2082/83, marking a modest increase of around NPR 50 million compared to the same period last year.
While the bank’s net interest income rose from NPR 2.13 billion to NPR 2.40 billion, and total operating income increased to NPR 3.11 billion, the growth in profit remained limited due to a sharp rise in loan loss provisioning, which surged to NPR 423 million from NPR 106 million in the previous year’s same period.
During the review quarter, the bank’s loans expanded by NPR 14 billion to reach NPR 227.35 billion, and deposits rose by nearly NPR 15 billion to NPR 313.89 billion.
Everest Bank’s paid-up capital stands at NPR 12.94 billion, and its retained earnings have reached NPR 5.49 billion after adjusting for the recently distributed 20% dividend.
As of the end of Ashoj, the bank’s capital adequacy ratio is 12.77%, core capital ratio is 10.07%, non-performing loan ratio (NPL) is 0.74%, and base rate has dropped to 4.86%. The earnings per share (EPS) stands at NPR 36.44, and the net worth per share at NPR 255.69.
Published by Everest Bank Ltd. on 2082-7-21
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