Everest Bank's Q4 Net Profit Rises 4.75% to Rs. 5.06 Arba; Distributable Profit Reaches Rs. 3.80 Arba
Summary
Everest Bank Limited reported a 4.75% year-on-year rise in fourth-quarter net profit to Rs. 5.06 Arba, supported by higher deposits, loan growth and a lower cost of funds. The bank’s distributable profit reached Rs. 3.80 Arba, while impairment charges and the NPL ratio increased.
Key Points
- Everest Bank Limited posted a net profit of Rs. 5.06 Arba in Q4 FY 2082/83, up 4.75% year-on-year.
- Customer deposits rose 5.76% and loans and advances grew 10.37%, helping lift net interest income and operating profit.
- Impairment charges turned sharply negative, reflecting higher provisioning pressure on earnings.
- EPS slipped slightly to Rs. 36.95, while the NPL ratio rose to 0.49% and the cost of funds fell to 3.15%.
