Kathmandu. Everest Bank last fiscal year 2081. Financial statements for the fourth quarter of 82 have been made public.
According to the financial statement, the bank earned a profit of Rs 4.91 billion in the last fiscal year. The previous fiscal year 2080. The bank had posted a net profit of Rs 3.70 billion in 2017-19. In this way, the bank’s profit has increased by 32.81 percent compared to the previous year.
In the review year, the bank’s distributable profit stood at Rs 4.95 billion. The bank has the capacity to share 38.26 percent dividend. It was 28.06 percent in the previous year.
In the review year, the operating profit of the bank increased to Rs 7.45 billion. In the previous fiscal year, the operating profit was Rs 5.66 billion. The operating profit of the bank also increased by 31.63 percent.
In the fourth quarter of the last fiscal year, the bank earned Rs 9.12 billion in interest income. In the same period last year, the bank had earned Rs 7.64 billion in interest income. Interest income increased by 19.36 percent.
With a paid-up capital of Rs 12.94 billion, the bank’s retind earnings stood at Rs 4.95 billion and reserves stood at Rs 13.88 billion. In the previous fiscal year, the retained earnings stood at Rs 3.30 billion and reserves at Rs 12.49 billion.
In the review year, the bank collected deposits of Rs 298.81 billion and invested Rs 213.62 billion in loans. In the previous fiscal year, the bank collected deposits of Rs 232.31 billion and invested Rs 178.21 billion in loans.
The bank’s bad loan ratio (NPL) declined to 0.38 per cent in the review year. The bank’s NPL stood at 0.71 per cent in the same period last year.
The bank’s annualised earnings per share (EPS) increased to Rs 37.99. Last year, the EPS was Rs 31.47. The bank has a net worth of Rs 247.39 per share with a PE ratio of 18.47 times.
