Everest Bank’s profit rises by 11.40 % in Q1, Earns Rs.2.22 crore in foreign exchange
Fri, Nov 7, 2014 12:00 AM on Financial Analysis,
ShareSansar, November 7:
Everest Bank’s net profits surged by 11.40 percent in the first quarter of the FY 2071/72.
Publishing the unaudited financial quarterly report today, the bank stated that its net profit jumped to Rs.39.11 crore, up from Rs.35.10 crore in the corresponding period of the previous fiscal year 2070/71.
Bank’s able to earn Rs.2.225 crore in foreign exchange transactions itself.
Net interest income of the bank increased to Rs. 71.21 crore, up from Rs.65.36 crore in the previous year.
The bank mobilized Rs. 66.16 arba in deposits and extended a total of Rs.53.55 arba on loan in the given period.
The bank has provisioned Rs.3.40 crore for possible losses and NPA stands 0.63% which is regarded as one of the lowest level in the overall banking industry of Nepal.
Everest Bank’s annualized EPS is at Rs 77.55 which is largest among all commercial banks.
While its P/E ratio stands at 24.64 times and its net worth per share is Rs 283.95.
