Kathmandu. Everest Bank has earned a net profit of Rs 1.17 billion in the first three months of the current FY.

The bank had posted a net profit of Rs 1,127.40 crore in the same quarter last year. During this period, the profit of the bank increased by 4.57 percent.

During this period, the bank’s net interest income and operating profit have increased. This has helped to increase the profitability of the bank. In the first quarter of the last FY, the bank’s net interest income stood at Rs 2.40 billion from Rs 2.13 billion. Similarly, operating profit increased to Rs 1.68 billion from Rs 1.61 billion.

The distributable profit of the bank stood at Rs 5.49 billion as of mid-October. The bank has a paid-up capital of Rs 12.94 billion and reserve fund of Rs 14.41 billion.

The bank collected deposit of Rs 313.89 billion and extended loan of Rs 227.34 billion.

As of mid-October, the bank’s NPL stood at 0.74 percent. It was 0.77 percent in the same period of the previous year.

The bank has EPS of Rs 36.44 and net worth per share of Rs 255.69.