Everest Bankâ€™S Net Profit Increased By 30.23% Recommendation Of 30% Cash Dividend & 30% Bonus ShareAugust 7, 2010
Based on the audited results for the period ending Asadh 2067 Everest Bank’s net profit and operating profit increased as under:
|Net Profit||Operating Profit|
|Increase in %||30.23||26.56|
The Earning Per Share (EPS) of the Bank for the year is Rs.100.16. The Board meeting of the Bank held on 21st Shrawan 2067 (6th August, 2010) has decided to recommend to the ensuing shareholder’s Annual General Meeting of 30% bonus share and 30% cash dividend to its shareholders subject to approval of the Nepal Rastra Bank. The Bank’s credit registered a growth of 15% reaching a figure to Rs.2815.64 crore. The total deposit of the Bank reached Rs.3693.23 crore. The NPA is further reduced from 0.48% to 0.16%. During the last financial year, the Bank opened five branches viz. Maitidevi, Kalimati and Thamel in the Valley and Tulsipur and Tatopani outside the Valley. Similarly, the Bank has further plans to expand its branch network during the current financial year 2067/68.