Fiscal Nepal
First Business News Portal in English from Nepal
KATHMANDU: Everest Bank posted a substantial profit in the fiscal year 2081/82, with net profit surging by 32.80% to NPR 4.918 billion, up from NPR 3.703 billion in the previous fiscal year.
A key factor behind this sharp growth was the decline in non-performing loans (NPLs), which dropped from 0.71% to 0.38% over the year.
Net interest income jumped 19.36% to NPR 9.129 billion, compared to NPR 7.648 billion last year. The bank’s net income from fees and commissions rose 13.83% to NPR 1.529 billion, total operating income grew 17.47% to NPR 11.166 billion, and operating profit climbed 31.63% to NPR 7.454 billion.
Distributable profit increased by 50% to NPR 4.954 billion, enabling the bank to potentially distribute a 38.27% dividend. In the previous year, distributable profit stood at NPR 3.302 billion, with a dividend capacity of 28.06%.
Paid-up capital reached NPR 12.944 billion, share premium stood at NPR 238.47 million, and reserves climbed to NPR 13.885 billion.
Deposit collection rose by 38.62% to NPR 298.818 billion, while loan disbursement grew by 19.86% to NPR 213.623 billion. In the prior fiscal year, deposits totaled NPR 232.316 billion, and loans stood at NPR 178.215 billion.
Earnings per share (EPS) improved from NPR 31.47 to NPR 37.99, while net worth per share reached NPR 247.39. The bank’s price-to-earnings (P/E) ratio is 18.47 times.
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