Press Release

Everest Bank Records Impressive Growth

January 31, 2006

Based on the half yearly unaudited accounts of FY 2062/2063 as on Poush end 2062, the Bank’s operating profit was Rs 217.27 million registering a growth of 16.2% over the previous year. The Bank’s credit recorded a growth of 34 % reaching a figure of Rs 961.80 million. Similarly, the total deposits of the Bank posted an unprecedented increment of 41% amounting to Rs 12349.77 million from Rs. 874.92 million over the preceding year. The capital adequacy ratio of the bank stands at 12.33% as against NRB’s requirement of 12%. The from 1.96% in the corresponding period last year, one of the lowest NPA among the banks in Nepal, a commendable achievement of the bank.This sustained growth of the Bank is attributed to its strong systems and procedures, professional approach, quality lending, and highly motivated staff members. The bank provides a wide range of banking facilities through a wide network of 18 branches (largest branch network among the commercial banks in Nepal) and over more than 250 reputed correspondent banks across the globe. All the major branches are interconnected through Anywhere Branch Banking Systems (ABBS) 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 52 ATM centers associated with SCT network and around 500 Point of Sales. In our unrelenting endeavor to enrich, enable and beautify the lives of our customers, Everest Bank Ltd.(EBL) has always strived to introduce tailor made products suiting the needs and requirements of its customer and in similar attempt, the bank has come up yet with another futuristic deposit scheme – “Sunaulo Bhawisya Yojana,” which enables the customers to save even regular small savings into a bulk amount at a future date that may be utilized for special purposes like Children’s higher education/ marriage, business expansion, renovation of business premises etc with attractive rate of return. Likewise EBL Home Loan, EBL Education Loan, EBL Flexi Loan, EBL Professional Loan etc. are some of our innovative products offered to our customer thus helping them realize their dreams. Our aspiration to” Enriching your world, fulfilling your dreams” has always stimulated us at EBL to present such tailor made products beneficial to our customers. Main Highlight of Financial Results as on Push end 2062