Everest Bank Sees Significant Growth in Profit and EPS

Everest Bank Limited has published its unaudited financial statement for the fourth quarter of FY 2081/82, reporting a significant increase in profit. The bank recorded a net profit of NPR 4.91 billion, up by 32.81% compared to NPR 3.70 billion in the same period last year. Net interest income rose by 19.36% to NPR 9.12 billion, while operating profit increased by 31.63% to NPR 7.45 billion. The distributable profit stood at NPR 4.95 billion during the review period.
The bank collected deposits worth NPR 298.81 billion and disbursed loans amounting to NPR 213.62 billion. Paid-up capital reached NPR 12.94 billion, and the non-performing loan (NPL) ratio declined from 0.71% to 0.38%. Earnings per share (EPS) rose by NPR 6.52 to NPR 37.99, while net worth per share stood at NPR 247.39. As of the end of Ashar, the bank’s price-to-earnings (P/E) ratio was 18.47 times.