Kathmandu. Everest Bank has earned a net profit of Rs 2.11 billion in the first six months of the current FY.

The profit increased by 2.04 percent compared to the same period last year. The bank had posted a net profit of Rs 2,7763 crore in the same quarter last year.

During this period, the bank’s net interest income and operating profit have increased. As a result, profits have increased. During the review period, the bank’s net interest income increased by 5.96 percent to Rs 4.57 billion.

Similarly, operating profit increased by 2.06 percent to Rs 3.17 billion. During the period, the bank’s impairment charge increased from Rs 34.95 crore to Rs 56.27 crore.

The distributable profit of the bank stood at Rs 3.34 billion. Distributable earnings per share is Rs 48.72. Similarly, the bank’s earnings per share declined by Rs 1.20 to Rs 30.86 and net worth per share of Rs 235.15.

The bank has a paid-up capital of Rs 13.72 billion and reserve fund of Rs 18.52 billion. As of mid-January, the bank collected deposit of Rs 304.95 billion and extended loan of Rs 236.42 billion.