Everest Bank net profit touches Rs 3 arba in Q4 with 17.99% growth; has maximum 26% dividend capacity

Everest Bank Limited (EBL) has published a strong fourth quarter report for FY 2075/76 with 17.99% growth in net profit.

The bank’s profit has increased from Rs 2.58 arba in the fourth quarter of the fiscal year 2074/75 to Rs 3.04 arba in the fourth quarter of the fiscal year 2075/76.

The bank’s deposit from customers increased by 12.15% to Rs 1.29 kharba and also loans and advances to customers rises by 16.28% to Rs 1.04 kharba till the fourth quarter. The net interest income (core business income) of the bank has increased by 15.75% to Rs 5.63 arba from Rs 4.86 arba of the corresponding quarter.

In the same quarter, the bank has Rs 2.18 arba as distributable profit after Regulatory Adjustments and PL appropriations which can be utilized in distributing dividends to its shareholders. This means Everest Bank can distribute maximum 26% (approx.) dividend from this year profit if other regulatory requirements are not required. 

The bank’s paid up capital stands at Rs 8.10 arba with Rs 9.52 arba as its reserve and surplus. The Non-Performing Loan (NPL) of the bank stands at 0.16%.

In the fourth quarter, the EPS of the bank stands at Rs 37.57. The net worth per share stands at Rs 217.52 and PE ratio stands at 17.72 times.

Click here for Q4 report:

Major Highlights:

 * Figure are of Immediate Previous Year Ending (Audited)

* Published EPS, Networth and PE may differ. As per NFRS standard, Weighted average number of shares is taken while calculating EPS, Networth and PE but here we have taken number of shares as per Q4 end paid up capital.