Meager profit growth of Everest Bank by 9.90% to Rs 1.73 arba; Reserve stand at Rs 5.86 arba

Everest Bank Limited (EBL) has posted meager profit rise of 9.90 percent in the fourth quarter (Q4) of the last fiscal year 2072/73. Publishing the unaudited financial report for the fourth quarter today, The net profit of the company rose to Rs 1.73 arba in Q4 up from Rs 1.54 arba in the corresponding quarter of the previous fiscal year 2071/72. The commercial bank has stated that its operating profit has surged to Rs 2.66 arba in Q4, up from Rs 2.25 arba 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 5.86 arba. Its net interest income has risen to Rs 3.22 arba in Q4 up from Rs 2.87 arba in the corresponding quarter. The bank has also collected Rs 93.73arba in deposits and disbursed Rs 68.91 arba in loans as compared to Rs 83.09  arba in deposits and Rs 55.36 arba in loans in the corresponding quarter last year The commercial bank CD ratio stands at 76.24% and non-performing loan (NPL) is at 0.38% in Q4. Everest Bank earning per share (EPS) has decreased to Rs 65.97in Q4 from Rs 78.04 in the previous  quarter, its net worth per share stand at Rs 323.81 while its P/E ratio at 51.31 times.