Everest Bank Records 23% Growth In Profits
May 6, 2005Based on the first nine month’s unaudited accounts, the Bank’s operating profit showed an increase of 23% over the last year reaching a figure of about Rs 282.8 million for the first nine months of this fiscal year. The Bank’s credit has grown by 22 % reaching a figure of Rs 7456.9 million. The total deposits of the Bank have increased by 20 % touching Rs 9325.4 million over the preceding year.This sustained growth of the Bank is attributable to its strong systems and procedures, professional approach, quality lending and highly motivated staff members.
The bank provides a wide range of banking facilitates through a wide network of 16 branches and over more than 250 reputed correspondent banks across the globe. All the major branches are interconnected through Anywhere Branch Banking Systems (ABBS), a facility which enables its customers to do banking transactions from any of these branches irrespective of their having accounts in the other branch. The bank’s EBL Debit Card can be accessed through 28 ATM centers associated with SCT network and around 150 Point of Sales.
Recognizing the value of offering a complete range of services not only to corporate but also to individuals, EBL has pioneered in the banking sectors in extending various customer friendly products like Home Loan, education loan, EBL Flexi Loan, Loan against Future Lease Rentals and Home Equity Loan, car loan, loan against shares and loan against insurance policies etc., thus helping people realize their dreams.
Unaudited Financial Results as at 3 rd Quarter, Chatira 2060 and Chaitra 2061at a glance
Amount In Million
S.No.
Particulars
This Quarter as on end oc Chaitra 2061
Previous Year as on end of Chaitra 2060
Growth %
1
Total Deposit
9325.37
7721.48
21
2.
Total Credit
7456.89
6127.20
22
3.
Total Income
620.83
572.31
8.48
4
Total Expense
338.08
342.63
-1.33
5
Operating Profit
282.75
229.68
23