Everest Bank Limited (EBL) has posted profit rise of 26.20 percent in the third quarter (Q3) of the current fiscal year 2073/74. The net profit of the company rose to Rs 1.52 arba in Q3 up from Rs 1.20 arba in the corresponding quarter of the previous fiscal year 2072/73.
Publishing the unaudited financial report for the third quarter today, the commercial bank has stated that its operating profit has surged to Rs 2.35 arba in Q3, up from Rs 1.88 arba in the corresponding quarter of the last fiscal year.
EBL’s has a paid up capital of Rs 4.60 arba with reserve of Rs 5.43 arba.
Its net interest income has risen to Rs 2.67 arba in Q3 up from 2.16 arba in the corresponding quarter.
The bank has also collected Rs 92.81 arba in deposits and disbursed Rs 73.55 arba in loans as compared to Rs 79.81 arba in deposits and Rs 59.18 arba in loans in the corresponding quarter last year
The commercial bank CD ratio stands at 70.89% and non-performing loan (NPL) is at 0.67% in Q3.
Everest bank earning per share (EPS) has decreased to Rs 44.95 in Q3 from Rs 61.47 in the previous quarter, its net worth per share stand at Rs 220.04 while the P/E ratio at 46.28 times.
Major Highlights:
| Indicators (Rs in "000") |
FY 2073/74 Q3 |
FY 2072/73 Q3 |
Difference (%) |
| Paid Up Capital |
4,606,427 |
2,742,604 |
67.96% |
| Reserve and Surplus |
5,433,543 |
5,356,825 |
1.43% |
| Deposits |
92,811,441 |
79,818,425 |
16.28% |
| Loans and Advances |
73,550,546 |
69,183,268 |
6.31% |
| Net Interest Income |
2,674,962 |
2,165,611 |
23.52% |
| Provision |
91,533 |
69,414 |
- |
| Write Back |
35,306 |
53,003 |
- |
| Operating Profit |
2,355,056 |
1,880,548 |
25.23% |
| Net Profit |
1,525,882 |
1,209,052 |
26.20% |
| Capital Adequacy Ratio |
13.88% |
13.95% |
- |
| NPL |
0.67% |
0.63% |
6.35% |
| Base Rate |
7.03% |
4.72% |
- |
| Cost of Fund |
4.18% |
2.03% |
|
| CD Ratio (as per NRB) |
70.89% |
76.43% |
- |
| EPS (Annualized) |
44.17 |
61.47 |
-28.15% |
| PE Ratio |
46.28 |
|
|
| Networth Per Share |
220.04 |
|
|
