Kathmandu. Everest Bank has released its unaudited financial statements for the current fiscal year 2082. The third quarter (July-March) of 83 has been released.
According to the financial statements, the bank has earned a profit of Rs 3.32 billion in the first nine months of the current financial year. In the previous financial year, 2081. The bank had earned a profit of Rs 3.45 billion in the same period of the previous year. In this regard, the profit of the bank increased by 3.82 percent compared to the previous year.
The distributable profit of the bank stood at Rs 4.04 billion during the review period. The distributable profit of the bank was Rs 3.67 billion in the same period last year. The distributable profit increased by 10.05 percent compared to the previous year.
The operating profit of the bank declined to Rs 4.90 billion till March. Operating profit was Rs 5.08 billion in the same period last year. The operating profit of the bank also declined by 3.53 percent.
In the third quarter, the bank earned an interest income of Rs 6.83 billion. In the same period last year, the bank had earned an interest income of Rs 6.74 billion. Interest income increased by 1.33 percent.
The bank, which has a paid-up capital of Rs 13.72 billion, has Rs 23.84 billion in share premium, Rs 4.04 billion in rated earnings and Rs 15.50 billion in reserves. As of mid-July last year, it was Rs 23.84 crore in share premium, Rs 4.89 billion in retained earnings and Rs 13.86 billion in reserve.
During the review period, the bank collected deposits of Rs 302.43 billion and extended loans of Rs 250.87 billion. As of the end of the previous year, the bank had collected deposits of Rs 298.81 billion and extended loans of Rs 213.43 billion. This figure also shows that the business of the bank has also increased.
The bank’s bad loan ratio (NPL) has come down to 0.61 percent in the year 2021. In the same period last year, the bank’s NPL was 0.64 percent.
The bank’s annualized earnings per share (EPS) declined to Rs 32.35. EPS was Rs 35.61 in the previous year. The bank’s net worth per share stood at Rs 244.27 with a PE ratio of 21.58 times.
