Impressive profit growth of Everest Bank by 41.16% to Rs 51.34 crore; Paid up capital & reserve at Rs 2.74 arba & Rs 6.38 arba respectively

Everest Bank Limited (EBL), a joint venture of Punjab National Bank, India,  has posted impressive profit rise of 41.16 percent in the first quarter (Q1) of the current fiscal year 2073/74. Publishing the unaudited financial report for the fourth quarter today, the net profit of the company rose to Rs 51.34 crore in Q1 up from Rs 36.37 crore in the corresponding quarter of the previous fiscal year 2072/73. The commercial bank has stated that its operating profit has surged to Rs 76.94 crore in Q1, up from Rs 53.90 crore in the corresponding quarter of the last fiscal year. Everest Bank has a paid up capital of Rs 2.74 arba with reserve of Rs 6.38 arba. Its net interest income has risen to Rs 91.08 crore in Q1 up from Rs 65.94 crore in the corresponding quarter. The bank has also collected Rs 89.15 arba in deposits and disbursed Rs 69.53 arba in loans as compared to Rs 76.01 arba in deposits and Rs 51.32 arba in loans in the corresponding quarter last year The commercial bank CD ratio stands at 76.97% and non-performing loan (NPL) is at 0.36% in Q1. Everest bank earning per share (EPS) has increased to Rs 77.13 in Q1 from Rs 72.11 in the previous corresponding quarter, its net worth per share stand at Rs 339.73 while its P/E ratio at 47.53 times. Click Here to Read Everest Bank converting 20% (7% convertible preference share) into ordinary share