Everest Bank raise its net profit by 35.89% in the fourth quarter of this fiscal year 2074/75. It has published report based on Nepal financial reporting standard (NFRS).
As per the published report, the commercial bank has reported increased in net profit to Rs.2.54 arba in this Q4 from Rs.2.05 arba in the corresponding quarter of last fiscal year 2073/74.
As per the NFRS model, the bank has distributable amount Rs.2.70 arba as dividend to its shareholders.
During the period the bank has collected deposit of Rs.1.14 kharba & floated in loan & advances of Rs.92.77 arba.
Its net interest income increased to Rs.4.92 arba from Rs.3.78 arba in the last corresponding quarter. Operating profit increased by 32.34% to Rs.3.86 arba from 2.91 arba in the last year.
Its paid up capital is Rs.8.10 arba with reserves of Rs.7.80 arba.
Its non performing loan stands at 0.2 percent from 0.37 percent from the last year
Annualized earning per share is Rs.31.07. Net worth per share is Rs.178. PE ratio stands at 20.91 times. EPS per NFRS is 34.71.
Cost of fund is 5.61%. Credit to deposit ratio is 75.98% which means it can lend more loans.
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