Kathmandu. Everest Bank has published its financial statements for the current fiscal year 2083. The financial statements for the first quarter of 84 (July-September).
According to the financial statements, the bank has earned a net profit of Rs 1.21 billion till September of the current financial year. In the previous year, 2082. The bank had earned a net profit of Rs 1.16 billion till September of 2018. The bank’s profit increased by 4.65 percent in the review year compared to the previous year.
The bank posted an operating profit of Rs 1.78 billion during the review period. The bank had posted an operating profit of Rs 1.68 billion in the same period last year. Operating profit has also increased by 6.18 percent compared to the previous year.
The bank’s net interest income stood at Rs 2.37 billion as of September this year. This is a decline of 1.35 percent compared to the previous year. The bank’s net interest income was Rs 2.40 billion in the same period last year.
The bank’s distributable profit stood at Rs 3.87 billion during the review period. Accordingly, the bank has the capacity to distribute 40.77 per cent dividend till mid-September of the current financial year.
The bank has a paid-up capital of Rs 14.40 billion with Rs 3.87 billion in retained earnings and Rs 16.49 billion in reserves. As of mid-July last year, the bank had Rs 5.20 billion in retained earnings and Rs 16.01 billion in reserves.
The bank collected deposits of Rs 336.62 billion and extended loans worth Rs 244.61 billion till September of the current financial year. In the same period of the previous year, the bank collected deposits of Rs 316.01 billion and extended loans of Rs 235.51 billion.
The bank’s annualized earnings per share (EPS) stood at Rs 34.78 for the period under review. The bank’s EPS stood at Rs 36.44 in the previous year. The bank has a PE ratio of 20.67 times and a net worth per share of Rs 243.01.
