Everest Bank Reports Rs. 9.12 Arba Core Revenue, Net Profit Surges 32.81% in FY 2081/82
Summary
Everest Bank Limited reported a net profit of Rs. 4.91 Arba in Q4 FY 2081/82, a 32.81% increase from the previous year, driven by growth in net interest income and reduced impairment charges.
Key Points
- Everest Bank's net profit rose 32.81% to Rs. 4.91 Arba in Q4 FY 2081/82.
- Net interest income increased 19.36% to Rs. 9.12 Arba compared to the previous year.
- Customer deposits surged 28.63% to Rs. 2.98 Kharba, and loans and advances grew 19.87% to Rs. 2.13 Kharba.
- Non-performing loans declined to 0.38% and capital adequacy ratio improved to 13.28%.
