Kathmandu. Everest Bank has released its financial results for the first quarter of the current fiscal year 2083/84.

In the first quarter of the current fiscal year, the bank earned a profit of Rs 1.25 billion. This is 6.22 percent higher than the same period last year. The bank had posted a net profit of Rs 1.17 billion in the same period last year.

During the period, the bank’s net interest income declined by 1.35 percent to Rs 2.37 billion. Similarly, the operating profit of the bank increased by 6.18 percent to Rs 1.78 billion.

The distributable profit of the bank stood at Rs 3.87 crore. The bank’s impairment charge has come down from Rs 42.31 crore to Rs 23.34 crore.

The bank has EPS of Rs 34.78 and net worth per share of Rs 243.01. The bank has a paid-up capital of Rs 14.40 billion and a reserve fund of Rs 16.49 billion.

The bank collected deposit of Rs 336.62 billion and extended loan of Rs 244.61 billion.

The non-performing loan of the bank has decreased from 0.74 percent to 0.50 percent.