Everest Bank Ltd's 4th quarter report of fiscal year 2071/72

Everest Bank Limited (EBL) stated 1.59 percent increase in its net profit for the fourth quarter of the last fiscal year 2071/72.

In the unaudited financial report for the fourth quarter published today, the bank has stated that its net profit has increased to Rs 1.57 arba up from Rs 1.54 arba as compared to the corresponding quarter of the last fiscal year 2070/71.

The bank’s net interest income has slightly decreased to Rs 2.87 arba from Rs 2.91 arba as compared to the corresponding quarter which is mainly due to massive increment in deposits this fiscal year resulting higher interest expenses for the bank.

There is increase in the deposits to Rs 83.09 arba from Rs 62.10 arba and the loan also reached to Rs 55.36 arba from 48.45 arba in the published quarter.

Its non performing loan has reduced to 0.66 percent as compared to the corresponding quarter of last year which was 0.97 percent.

The EPS stands at Rs 78.04, the net worth per share at Rs 342.18 and the P/E ratio is 27.17 times.

The year-to-year growth of the bank based on 5 year data is 13.16 percent which indicates that the banks profit is growing at the pace of 13.16 percent per year.

Everest bank has offered 50 percent cash dividend and 12 percent bonus share to its shareholders last fiscal year i.e. 2070/71.-SS