Investors expecting high from Everest Bank with the increase in Profit

Established in 1994, Everest Bank Ltd. has been providing excellent services with modern technology to its 6 million 50 thousand customers throughout the country. Everest bank is an 'A' grade bank registered in Nepal Rastra Bank, Central Bank of Nepal. There are 8-member in the Board of Directors in the bank. Mr. Bishnu Krishna Shrestha & Mr. A.K. Aluvaliya is Director of the bank and Chief Executive Officer respectively.

Everest Bank started its business in 2051 B.S with head office in Baneshwor. Since then, it has been operating successfully for last 20 years. The bank has expanded in 25 districts with 53 branches. With 80 ATM, 5 Extension Service and 24 collections counter the bank also helps in revenue collection for the government. A.K Aluvaliya, A.K Bansal, Rajendra Gautam, Humnath Gurung and Promod Raj Shah are the main administrator of the bank.

Inside Kathmandu Valley, it has branches in BagBazaar, Bagadola, Balaju, Baneshwor, Bhatapur, , chabahil, Golphutar, Gangabu, Gwarko Kalimati, Kirtipur, Lagankhel, Lajimpat, Meitidevi, New Road, Pulchowk, Satungal, Teku Thamel and Baglung, Besisahar, Bhairahawa, Bhojpur, Biratnagar, Birgunj, Birtamode, Butwal, Chandranigapur, Dhading, Dhangadi, Duhabi, Gorkha, Gulariya, Hetauda, ​​ICD (Birgunj), Itahari, Janakpur, Krishnanagar, Cusma, Lekhnath, Lumbini, Narayani, Nepalgunj, Pokhara, Rajbiraj, Sandhikharka, Simara, Surkhet, Syangaja, Tatopani, Taulihawa, Tikapur, Tulsipur outside Kathmandu Valley.

Bank's main service features account opening and branchless service to customer, saving and payment facilities, money transfer of an account to another account, periodic credit, personal account, small consumer loans, current capital loans, short term loans, mobile phone recharge and E-Banking, remittance service with many other facilities

Everest Bank was handed 'Best organized commercial bank 2013' award organized by Asian paints. The country's leading news magazine 'Karobar Business Daily' gave Everest Bank first rank due to its customer oriented banking  and branch expansion. The bank also received 'Bank of the year 2006 "and Excellence award by Nepal-India Chamber of Commerce.

Capital Structure:–The Bank's paid-up capital was 1 billion 92 million 12 lakhs in FY 2069/70 which increased by 11.25% and reached Rs 2 billion 13 million 73 lakhs in FY 2070-71. During the FY 2070-71, 62 percent of the profits were distributed as dividends. By the fourth quarter of FY 2071/72 its paid-up capital is 2 billion 13 million 73 Lakhs. The capital structure of the bank in the past 5 years is as follows:

Deposit, investment and credit:–In FY 2069/70, Rs. 57 billion 72 million 4 lakh deposits had been collected which increased by 7.60% to Rs 62 billion 10 million 81 lakhs during the FY 2070-71. Similarly, the bank invested Rs. 9 billion 26 million 38 lakh in the FY 2069/70 which decreased by 29.79% to reach Rs. 6 billion 50 million 41 lakhs in the year 2070-71.Bank's total loan lending reached Rs 46 million 88 million in the year 069/70 and 070/71.  Till the fourth quarter of FY 2071/72 the Bank has collected total deposit of Rs 83 billion 9 million 37 lakhs, meanwhile, Rs 15 billion 10 million 26 lakhs investment has been made. Similarly, bank has lent credit of Rs 55 billion 36 million and 35 lakhs.

Net interest income and operating profits  : – The bank's net profit is seen with the increased in bank's net interest income and operating profit. The bank earned the net interest income of Rs 2 billion 75 million 77 lakhs in FY 2069/70 which increased by 5.84% to Rs. 2 billion 99 million 88 lakhs in FY 2070-71. Similarly, during the FY 2069/70, the operating profit was Rs 2 billion 33 million 80 lakhs which increased to Rs 2 billion 33 million 80 lakhs in FY 2071/72 i.e 1.53% of growth is recorded. Bank's net interest income in the fourth quarter of FY 2071/72 is Rs. 2 billion 87 million 94 Lakh and operating profit is Rs. 2 billion 25 million 26 lakhs.

Net profit:  Everest Bank earned Rs. 1 billion 47 million 11 lakhs operating profit in FY 2069/70 which increased by 5.34% to  Rs. 1 billion 54 million 96 lakhs in FY 2070/71. It had earned Rs. 1 billion 57 million 43 lakhs  during the fourth quarter of the year 2071/72.–

Earnings per share and dividends:– Earningper share shows return earned by per unit of share. For the past 4 years, EPS of the bank has been increasing and decreasing trend.  During the FY 2070/71, EPS of the bank was 86.04% which was less by 6.36% of FY 2069/70. During the year 2069/70, EPS was 91.88%.  EPS of the bank reached 78.04% on the fourth quarter of the FY 2071/72. Likewise, bank is distributing satisfactory dividend to this investor.  It distributed 12% bonus share and 50% cash dividend in the year 2070/71 and 10% bonus share and 50.53% cash dividend in the year 2069/70.