According to the bank’s financial statement published on Monday; Everest Bank’s (EBL) net profit increased in the third quarter of the current fiscal year compared to the same period last year.
The bank had earned a net profit of Rs 2 Arab 21 Crore as of third quarter of last year and Rs 2 Arab 35 Crore in the same period of the current fiscal year.
Along with the increase in net interest income and operating profit, net profit has also increased.
The bank has managed to earn net interest income of Rs 4 Arab 34 Crore in the third quarter of the current fiscal year. This is Rs. 24 Crore more than the same period last year. The bank’s operating profit increased by Rs. 20 Crore to Rs. 3 Arab 36 Crore during the review period.
Along with the increase in net profit, the bank’s earnings per share has also improved modestly. The bank, which has a paid-up capital of Rs 8 Arab 51 Crore, has a basic earnings per share of Rs 37.03. This is 22 paisa more than the same period last year. The bank has a reserve fund of Rs 7 Arab 81 Crore, retained earnings of Rs 1 Arab 85 Crore and share premium of Rs 23 Crore.