January 30, 2020 | Investopaper
Everest Bank has reported slow growth in the second quarter of the fiscal year 2075/76. The bank posted a profit of Rs. 1.51 Arba until the second quarter i..e growth of 5.59 percent compared to the previous year’s net profit of the corresponding quarter. The distributable profit in the second quarter is Rs. 86.50 crores.
At current paid-up capital of Rs. 8.51 Arba, the company has accumulated reserve and surplus of Rs. 8.85 Arba. Until the second quarter, Everest Bank has collected the deposit of Rs. 141.19 Arba and floated the loans of Rs. 114.33 Arba.
The bank has reduced the non-performing loan (NPL) to 0.16 percent while the base rate has inclined to 8.46 percent. The annualized earnings per share (EPS) is Rs. 35.49 and the company has the per-share net worth of Rs. 206.53.
The second-quarter report of Everest Bank is summarized in the table below:
FINANCIAL HIGHLIGHTS OF EVEREST BANK, SECOND QUARTER FISCAL YEAR 2076/77
|HEADINGS||2nd QTR, 2076/77||4th QTR, 2075/76||PERCENT CHANGE|
|PAID-UP CAPITAL (Rs. In Arba)||8.51||8.1||5.06|
|RESERVE & SURPLUS (Rs. In Arba)||8.85||9.3||-4.84|
|DEPOSITS To Customers(Rs. In Arba)||141.19||129.57||8.97|
|LOANS To Customers(Rs. In Arba)||114.33||104.64||9.26|
|HEADINGS||2nd QTR, 2076/77||2nd QTR, 2076/77||PERCENT CHANGE|
|NET INTEREST INCOME (Rs. In Arba)||2.9||2.67||8.61|
|PROFIT (Rs. In Arba)||1.51||1.43||5.59|
|DISTRIBUTABLE PROFIT (Rs. In Arba)||0.86||–||–|
|NON PERFORMING LOANS, NPL (%)||0.16||0.19||-15.79|
|EARNINGS PER SHARE, EPS (Rs.)||35.49|
|NETWORTH PER SHARE (Rs.)||206.53|
|MARKET PRICE PER SHARE (Rs.) [Poush end, 2076]||596|