Everest Bank’s EPS rises to Rs 35.28; Profit rises by 16% in the Q2
Fri, Jan 18, 2019 8:06 AM on Financial Analysis, Stock Market, Latest,
Everest Bank Limited (EBL) has published its second quarter report based on the Nepal Financial Reporting Standards (NFRS). The bank has reported a decent rise in the net profit by 16.93% in the second quarter of the fiscal year 2075/76.
The bank’s profit has increased from 1.22 arba in the second quarter of the fiscal year 2074/75 to Rs 1.42 arba in the second quarter of the fiscal year 2075/76. In the second quarter of the FY 2075/76, the bank has Rs 1.04 arba as Free Profit after Regulatory Adjustments. It has deducted Rs 38.80 crore as regulatory adjustment as per NRB directive.
The bank’s deposit has decent growth rate of 20.21% to Rs 1.24 kharba and loans and advances have also increased by 10.25% to Rs 1.05 kharba in the second quarter. The borrowings of the bank have increased to Rs 76.24 crore from Rs 2.31 crore.
With the increase in its business, the net interest income of the bank has also increased to Rs 2.67 arba from Rs 2.32 arba of the corresponding quarter.
The bank’s paid up capital stands at Rs 8.10 arba with Rs 7.58 arba as its reserve.
The Non-Performing Loan (NPL) has also decreased to 0.19% from 0.25%.
In the second quarter, the EPS of the bank stands at Rs 35.28. The net worth per share stands at Rs 193.52. The base rate of the bank stands 8.22%, whereas, interest spread stands at 4.38% only.
Major Highlights:
|
Particulars (In Rs '000) |
EBL |
||
|---|---|---|---|
|
Q2 2075/76 |
Q2 2074/75 |
Difference |
|
|
Paid Up Capital |
8,106,863 |
8,106,863 |
0.00% |
|
Reserve & Surplus |
7,581,148 |
6,749,788 |
12.32% |
|
Deposits |
124,177,926 |
103,299,183 |
20.21% |
|
Borrowings |
762,497 |
23,176 |
3190.03% |
|
Loans & Advances |
105,927,470 |
96,082,751 |
10.25% |
|
Net Interest Income |
2,671,082 |
2,321,907 |
15.04% |
|
Operating Profit |
2,043,056 |
1,747,680 |
16.90% |
|
Net Profit |
1,429,915 |
1,222,832 |
16.93% |
|
Total Comprehensive Income afterShare of NCI |
1,158,877 |
1,137,361 |
1.89% |
|
Add/ Less: Regulatory adjustment as per NRB |
(388,091) |
(246,110) |
57.69% |
|
Free Profit/ (Loss) after Regulatory Adjustments |
1,041,824 |
976,722 |
6.67% |
|
NPL |
0.19 |
0.25 |
-24.00% |
|
Annualized EPS (In Rs.) |
35.28 |
30.17 |
16.93% |
|
Net Worth per Share (In Rs.) |
193.52 |
183.26 |
5.60% |
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