Kathmandu. Everest Bank has earned a profit of Rs 3.32 billion till the end of April of the current financial year. This profit is 3.71 percent lower than the same period of the previous financial year. The profit of the bank was Rs 3.45 billion in the same period of the previous financial year.

During this period, the bank’s impairment charge has increased and the profit has decreased due to the decrease in operating profit. The bank’s impairment charge stood at Rs 77.73 crore as of mid-April. In the same period last year, it was Rs 27.29 crore.

The bank’s operating profit declined by 3.53 percent to Rs 4.90 billion. The bank’s net interest income increased by 1.33 percent to Rs 6.83 billion. The total operating income of the bank increased by 9.22 percent to Rs 8.93 billion.

The distributable profit of the bank stood at Rs 4,04,85,69,000. The distributable earnings per share stood at Rs 39.34. The bank’s earnings per share stood at Rs 32.35 and the net worth per share stood at Rs 244.27.

The bank’s bad loans stood at 0.61 per cent. The bank has a paid-up capital of Rs 13.72 billion and a reserve fund of Rs 19.79 billion. The bank collected deposits of Rs 302.43 billion and extended loans of Rs 250.87 billion.