Everest bank Limited has posted increased in net profit by 18.19 percent in the third quarter of fiscal year 2074/75.
As per the published report, the commercial bank has posted net profit of Rs. 1.80 arba in the Q3 where as it had posted Rs.1.52 arba in the corresponding quarter of previous fiscal year.
During this period, the bank has collected deposit of Rs. 10.06 kharba & floated in loan & advance of Rs.88.17araba. In the corresponding quarter of previous FY, deposit collection was Rs. 92.81 arba & floated loan of Rs.73.55 arba.
Net interest income of bank has risen to Rs.3.25 arba from Rs.2.67 arba in last year. Likewise, operating profit rose to Rs.2.79 arba from Rs. 2.35 arba in last year.
Its paid up capital is Rs. 8.1 arba with reserves of Rs. 5.85 arba.
Its non-performing loan is at 0.23 percent.
Annualized earning per share is Rs. 29.66, Net worth per share is Rs. 172.21 & Price to earning ratio stands at Rs.26.6 times.
Major indicators
Cost of fund: 5.39%
CD ratio: 75.65%
Return on equity: 19.91%
Return on asset: 1.95%
Also Read: NIC Asia Bank posted fall in profit by 18.51%
