Everest Bank’s EPS increased with profit; what is the distributable profit?
Unrefined financial results for the first quarter of the current fiscal year have been released by Everest Bank Limited (EBL). Details indicate that the bank’s net profit has increased compared to the same period in the prior fiscal year.
The bank’s net profit climbed by 48.95 per cent to Rs 862.2 million during the year under review.
The bank’s net profit has improved along with net interest income and operating profit. Net interest income has climbed by 72.68 per cent for the bank during the period under review, while net fee and commission revenue has increased by 26.54 per cent, total operating income has increased by 32 per cent, and operating profit has increased by 48.89 per cent.
The bank’s distributable profit at the end of Ashoj was 4.71 billion rupees.
Along with the earnings, the bank’s EPS has improved as well. The bank’s income climbed from 10 rupees 39 paise to 36 rupees 43 paise throughout the review period.
The bank’s reserve fund climbed by 5.45 per cent in the first three months of the current fiscal year, while deposits increased by 0.64 per cent and loans increased by 1.72 per cent.