Kathmandu. Everest Bank in the current fiscal year 2082. The company has made public the unrevised financial statements for the second quarter (July-December) of 83 B.S.
According to the financial report, the bank has earned a net profit of Rs 2.11 billion in the first six months of the current FY. Previous fiscal year 2081. During the same period, the bank earned a net profit of Rs 2.07 billion. The profit of the bank increased by 2.04 percent compared to the previous year.
In the review year, the bank’s distributable profit stood at Rs 3.34 billion. Accordingly, the bank has the capacity to distribute 31.93% dividend till the second quarter.
As of the end of the current FY, the bank’s operating profit stood at Rs 3.17 billion. In the previous year, the operating profit was limited to Rs 3.10 billion. The operating profit of the bank increased by 2.06 percent.
In the second quarter, the bank earned Rs 4.57 billion. The bank had posted a net profit of Rs 4.31 billion in the same period last year. Interest income increased by 5.96 percent.
The bank has a paid-up capital of Rs 13.72 billion with a premium of Rs 23.84 crore, rated earnings of Rs 3.34 billion and reserve capital of Rs 14.94 billion. As of mid-July of the previous year, the company had a share premium of Rs 238.4 million, retained earnings of Rs 4.89 billion and reserve of Rs 13.86 billion.
In the review year, the bank collected deposit of Rs 304.95 billion and extended loan of Rs 236.42 billion. The bank had collected deposit of Rs 2.98 billion and extended loan of Rs 213.43 billion in the same period of the previous year.
The non-performing loan ratio (NPL) of the bank increased to 0.68 percent during the review period. The NPL of the bank was 0.66 percent in the same period last year.
The bank’s annual earnings per share (EPS) has decreased to Rs 30.86. EPS was limited to Rs. 32.06 a year ago. The bank has a net worth of Rs 235.15 with a P/E ratio of 21.39 times.
