Everest Bank Posts Rs 2.11 Arba Net Profit in Q2; Annualized EPS at Rs. 30.86 as Cost of Fund Drops to 3.45
Summary
Everest Bank Limited posted a net profit of Rs. 2.11 Arba in Q2 of FY 2082/83, showing a 2.04% increase year-on-year, with total deposits reaching Rs. 3.04 Kharba and loans growing 10.77%.
Key Points
- Everest Bank recorded a net profit of Rs. 2.11 Arba in Q2 FY 2082/83, a 2.04% growth from the previous year.
- Deposits increased by 2.05% to Rs. 3.04 Kharba, and loans and advances rose 10.77% to Rs. 2.36 Kharba.
- Net interest income rose by 5.96% to Rs. 4.57 Arba, with operating profit up by 2.06%.
- Cost of funds decreased by 18.63% to 3.45%, boosting profitability and the capital adequacy ratio improved to 12.27%.
