Kathmandu. Everest Bank has announced its unaudited financial position for the fiscal year 2082/83 ended Ashad End.

The bank has earned a net profit of Rs 5.06 billion in the review period of the last FY. The profit increased by 4.75 percent compared to the corresponding period of the previous year. The bank had posted a net profit of Rs 4.83 billion in the same period last year.

The bank’s net interest income increased by 0.97 percent to Rs 9.19 billion in the same period last year. Similarly, operating profit increased by 0.49 percent to Rs 7.38 billion.

The total distributable profit of the bank stood at Rs 5.25 billion as of mid-July last year. The bank’s dividend payout capacity stands at Rs 38.32.

The bank has a paid-up capital of Rs 13.72 billion and reserve fund of Rs 21.47 billion. The bank collected deposit of Rs 316.01 billion and extended loan of Rs 235.56 billion.