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Everest Bank started its operation in 1994 with a view and objectives of extending professionalized and efficient banking services to various segments of the society. The bank has been offering various innovative products and services since its inception.

To facilitate bike finance, EBL has tied up with Morang Auto Works for Yamaha bike financing. Mr. P. K. Pradhan, DGM from EBL and Mr. Vishnu Kumar Agrawal, CEO of Morang Auto Works signed on the Agreement. Now EBL facilitate loan for Yamaha bike purchase. Initially, the bank has launched this scheme for KTM valley only from its Kirtipur branch. The bank will finance upto 70% of quotation price or maximum Rs 2.00 Lac at 10.00% interest rate. The loan will be repaid within 3 years time period. Earlier, EBL has made such tie up with Hansaraj Hulas Chand and Company for Bajaj bike and Syakar Company Ltd. for Honda/Hero-Honda bike. EBL is the first private commercial bank which has introduced bike finance facility in the country.

Everest Bank Ltd, a joint venture with Punjab National Bank, India, held its 15th Annual General Meeting at City Hall, Exhibition Marg, Kathmandu. The Annual General Meeting of the Shareholders approved among others, the declaration of 30% bonus shares and 30% cash dividend. The AGM also approved the financial statements ending 31st Asadh 2066. After providing provisions for income tax and statutory provisions there was a disposable net profit of Rs.63.87 crore compared to Rs. 45.12 crore last year- an increase of 41.60 %.  The Bank was able to increase its deposits by more than 39% and advances by almost 30% during the year compared to the previous year. Similarly, the bank recorded a growth of 30.30% in operating profit to Rs. 107.35 crore from Rs. 82.39 crore in the previous year. Against the Paid-Up Capital by shareholders of Rs 63.88 crore, the shareholders’ fund now amount to Rs 262 crore- with Core Capital base of Rs 149.69 crore. Earning Per Share has surged to Rs99.99 from Rs 91.82. The overall better performance has enhanced the image of the bank. Asset quality improved by reduction of NPA to 0.48% from 0.68% in the previous year. This is one of the lowest NPA among the commercial banks in Nepal. The net NPA of the bank is minus 1.90% after provisioning. The Bank introduced in the country the branchless banking to cover villages with telephone lines. To begin with this has been introduced at Baglung in the western hills covering eight villages; at Bhaktapur in the valley covering five villages and at Nepalgunj with the terai covering six villages. The Bank intends to cover more and more villages with this revolutionary new technology. The Bank has received in principle approval from Nepal Rastra Bank to open an international branch in New Delhi. The Bank has now fully operative 35 branches, one of the largest network among the private sector bank in the country.

The Board of Directors of Everest Bank Ltd. in its meeting held on 7th November, 2009 (21st Kartik,2066) noted with satisfaction the un-audited results during the first quarter of the current financial year as follows:

                                                                                            Amount in Laks

The Bank has now 35 full operating branches and five extension counters. The Board approved opening of the 36th branch at Tatopani on Nepal China border.

Everest Bank believes that the society contributes a lot to the development of any organization and hence, organization has also some responsibility towards the society. As part of corporate social Responsibility towards empowering education among the underprivileged students, it has been decided by the bank to donate computers to various intuitions. In this effort the bank has donated 24 computers to 17 schools, college and institutions.   This will help to educate the children about computer literacy where they do not have the facility or not having in sufficient numbers

As per banks policy, it has been our endeavor to contribute to the social welfare activities such as women skill development, child education, setting up of health camp, blood donation camp, computer donation etc.
This is small step by the bank towards contributing the welfare of the society. The bank looks forwards to help in the society in whatever way it can in time to time.

Everest Bank Limited (EBL)started its operation in 1994 with a view and objectives of extending professionalized and efficient banking services to various segments of the society .The bank has been offering various innovative products and services since its inception.

Everest Bank started its operation in 1994 with a view and objectives of extending professionalized and efficient banking services to various segments of the society .The bank has been offering various innovative products and services since its inception. Everest Bank Limited (EBL) has started SMS bill payment service to NTC mobile user customer. With the help of this service the NTC post paid mobile holder and pre paid mobile holder can make monthly bill payment or recharge their mobile through SMS. The SMS bill payment facility service is available from all 35 EBL branches. The Mobile holder can make bill payment at any time from any place. Just by sending the SMS to 5677 the customer can pay their post paid bill or recharge their prepaid mobile. All the accountholders of the bank can avail the facility.

•    Hassle free payment •    Prepaid Mobile user need not to go shops and outlets to buy recharge card. •    The prepaid customer will receive instantly recharge pin code after sending the SMS. •    Postpaid mobile customers don’t have to stand in queue to make the Monthly bill payment. •    Post paid Mobile holder can also request recharge PIN code of Pre-paid mobile. •    The payment bill will be effective within couple of Hour. •    This payment procedure saves the time. •    Customer can make payment at any time.  

In an endeavor to provide banking facilities to large and well spread out sections of the society, the bank has installed 32nd ATM Machine in Bhaktapur. Vice Chairman (FNCCI) Mr. Krishna Prasad Tamrakar inaugurates the ATM machine at Bhaktapur. EBL Debit cards can be used at more than 2000 ATMs of Punjab National Bank, India spread all across India. Similarly, the Debit Card holders of PNB can withdraw their money from any ATMs of Everest Bank Limited. This sharing arrangement has benefited huge Nepalese Population residing in India including Students, businessmen, workers, Tourists to India, who want reliable ATM facility for withdrawing their money from their Bank accounts in Nepal. Besides cross border sharing, EBL Debit Card is accepted at more than 350 ATMs of SCT network and over more than 1200 merchant outlets in Nepal. At present, more than 95000 customers of EBL are having EBL Debit Card

The bank has recently launched e-ticketing system, first time in Nepal. Through the system, EBL customer can book and purchase yeti-air ticket through internet. Similary, EBL customer can recharge their prepaid NTC (Namaste and Sky phones) through their mobiles itself. This is a service offered for the first time in Nepal.
The bank currently is providing banking services through 60 points viz.  35 branches, 5 revenue collection counters, 20 authorized representatives in VDCs through “Everest Ghar-Dailo Banking Sewa, a branchless banking system.

In an endeavor to provide banking facilities to large and well spread out sections of the society, we have strived to establish our branches in all regions of the country. In this attempt, we have opened our 35th branch at Thamel. The bank currently is providing banking services through 60 points viz.  35 branches, 5 revenue collection counters, 20 authorized representatives in VDCs through “Everest Ghar-Dailo Banking Sewa, a branchless banking system. Mr. Bir Bikram Raymajhi, Deputy Governor, Nepal Rastra Bank, inaugurated the branch at the event.

The bank also inaugurated its 31 ATM counters at the premises. Mr Surendra Kumar Shrestha , President of Thamel Tourism Development Council, inaugurated the ATM. EBL debit card also has access to more than 350 ATMs in Nepal and more than 2000 ATM locations in India where by EBL customers going to India need not carry cash but simply withdraw through EBL Debit cards

The bank has recently launched e-ticketing system, first time in Nepal. Through the system, EBL customer can book and purchase yeti-air ticket through internet. Similary, EBL customer can recharge their prepaid NTC (Namaste and Sky phones) through their mobiles itself. This is a service offered for the first time in Nepal.
Everest Bank is the first and the only bank in Nepal to start branchless banking system-“Everest Ghar Dailo Banking Sewa”. This service is unique delivery channel in banking services to facilitate rural people in banking with the help of sophisticated technology. This service is branchless banking service through point of transaction (POT) machine by using smart cards. At present, the service is being provided by our B/O Baglung, B/O Bhaktapur and B/O

Nepalgunj through 20 Business Correspondent.
“Everest – Ghar Dailo Banking Sewa”, a branchless banking system, the bank plans to extend it to all terai branches. The bank believes that its expansion to these strategic locations would adhere to its objective of serving the middle and lower section of the society.

The Board of Directors of Everest Bank Ltd. in its meeting held on 10th September, 2009 approved the Profit and Loss Account for the financial year ended 31st Asadh, 2066 and the Balance Sheet as on 31st Asadh, 2066. The Board noted with satisfaction that despite continuing constraints in economy of the country the Bank was able to increase its net profit by 37% compared to last year – from Rs.45.12 crores to Rs.63.87 crores. The operating profit has reached Rs. 107.35 crore compared to Rs.81.82 crores in the last financial year. The deposits increased by 31% and advances by 30% during the financial year. The Board also noted with satisfaction that the Asset quality has improved further. The NPA has further gone down to 0.48% from 0.68% in the previous year. The Board also resolved to recommend to declare a) Bonus share of 30% and b) Cash Dividend of 30% subject to the permission from Nepal Rastra Bank and Annual General Meeting of the shareholders.  

The Bank had opened six branches during the financial year. These branches are located at Beshisahar (Lamjung District), Golfutar (Kathmandu District), Kirtipur (Kathmandu District), Kushma (Parbat District), Surkhet (Surkhet District), Lagankhel ( Lalitpur District). Since then during the current financial year the Bank has opened three more branches in Tulsipur (Dang District), Maitidevi and Thamel (Kathmandu District). The Board also noted with satisfaction that an innovative branchless banking was inaugurated by the Bank during the last financial year. This is being gradually extended to more Branches –eventually to cover most of the villages in the country having telephone connections.  

The Board of Directors of Everest Bank Ltd. in its meeting held on 9th August, 2009 discussed the un-audited Profit and Loss Accounts for the financial year ended 31st Asadh, 2066 and the Balance Sheet as on 31st Asadh, 2066.

The Board noted with satisfaction that despite continuing constraints in economy of the country, the Bank was able to increase its net profit by 38% compared to last year – from Rs.45.12 crore to Rs. 62.40 crore. The operating profit has reached Rs. 106.60 crore which was Rs.81.82 crore in the last FY 2064/65.
The deposits increased by 39% and advances by 30% during the period.

The Board also noted with satisfaction that the Asset quality has improved further. The NPA has further gone down to 0.48% from 0.68% in the previous year.

The Bank has now 34 branches .The Bank has the largest net work among private sector commercial banks. The 35th branch is scheduled to be opened at Thamel in Kathmandu within a month.