Everest Bank has posted meager profit growth of 4.86% in Q3; Rs 1.08 billion in figure

ShareSansar, May 9:

Everest Bank Limited stated 4.86 percent increase in its net profit for the third quarter of the current fiscal year 2070/71.

In the unaudited financial report for the third quarter published today, the bank has stated that its net profit has increased to Rs 1.08 arba up from Rs 1.03 arba as compared to the corresponding quarter of the last fiscal year 2069/70.

The bank’s net interest income has slightly increased to Rs 2.02 arba from Rs 1.90 arba as compared to the corresponding quarter.

There is increase in the deposits to Rs 62.76 arba from Rs 51.29 arba and the loan also reached to Rs 50.64 arba from 41.85 arba in this quarter.

Its non performing loan has reduced to 0.62 percent as compared to the corresponding quarter of last year which was 0.70 percent.

The EPS stands at Rs 80.02, the net worth per share at Rs 321.38 and the P/E ratio is 27.56 times.