Everest Bank Limited (EBL) has stated 14.54 percent rise in profit for the fourth quarter of the last fiscal year 2073/74.
As per the unaudited report for the fourth quarter published today, the bank’s net profit rose to Rs 1.98 arba in the fourth quarter of fiscal year 2073/74, up from Rs 1.73 arba reported in the same quarter of the fiscal year 2072/73. The bank has posted an operating profit of Rs 3.05 arba up from Rs 2.66 arba.
EBL has mobilized Rs 95.09 arba in deposit in the fourth quarter and extended a total of Rs 78.28 arba in loans. In the corresponding quarter of fiscal year 2072/73, the bank deposits stood at Rs 93.73 arba and loan and advances at 68.91 arba.
Its net interest income surged to Rs 3.73 arba in Q4 up from Rs 3.22 arba in the corresponding quarter.
EBL’s non-performing loans (NPL) stood at 0.51 percent.
EBL’s paid up capital remains at Rs 6.11 arba in Q4 which also includes preference shares worth Rs 8 crore and 33% right shares amount. Thus, to meet the capital requirement, the bank should hike it capital by around 33%. From the profit of FY 2072/73, it had distributed 70% bonus shares to its shareholders.
The bank reserve and surplus increased to Rs 5.88 arba in Q4 of the FY 2073/74 up from Rs 3.90 arba in the corresponding quarter of the FY 2072/73 , rises by 50.57 percent.
The bank reported a CD ratio of 76.94 percent and capital adequacy ratio (CAR) of 14.85%.
The bank’s Earning Per Share (EPS ) stands at Rs 32.41, net worth per share is valued at Rs 196.21 and P/E ratio at 41.74 times.
Major Highlights:
| Indicators (Rs in "000") |
FY 2073/74 Q4 |
FY 2072/73 Q4 |
Growth (%) |
| Paid Up Capital * |
6115235 |
4,606,427 |
32.75 |
| Reserve and Surplus |
5,883,759 |
3,907,661 |
50.57 |
| Deposits |
95,094,461 |
93,735,481 |
1.45 |
| Loans and Advances |
78,284,679 |
68,911,543 |
13.60 |
| Net Interest Income |
3,739,016 |
3,228,585 |
15.81 |
| Provision |
122,449 |
168,134 |
(27.17) |
| Write Back |
43,324 |
92,751 |
(53.29) |
| Operating Profit |
3,059,568 |
2,666,103 |
14.76 |
| Net Profit |
1,981,698 |
1,730,207 |
14.54 |
| Capital Adequacy Ratio (%) |
14.85 |
12.66 |
17.30 |
| NPL (%) |
0.51 |
0.38 |
34.21 |
| Cost of Deposit (%) |
4.82 |
2.24 |
115.18 |
| CD Ratio (as per NRB) (%) |
76.94 |
76.24 |
0.92 |
| Base rate |
7.68 |
4.86 |
58.02 |
| EPS (Annualized) |
32.41 |
37.56 |
(13.72) |
| Net Worth Per Share |
196.21 |
184.83 |
6.16 |
| P/E Ratio |
41.74 |
- |
|
| *Paid up capital includes Rs 8 crore of preference shares & 33% right shares amount |
