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Ever since its establishment in 1994, Everest Bank Ltd. has been continuously reaching its valuable customers by offering a wide range of customer friendly products thus enriching their world and hence enabling them to fulfill their dreams. Well equipped with the latest technology, Everest Bank Ltd. can boast of having the largest network of branches amongst all the private sector banks in Nepal which are connected to each other through Anywhere Branch Banking Systems (ABBS). Based on its spectacular performance, the bank has been conferred with “Bank of the year -2006, Nepal” by The Banker, a publication of Financial Times, London

In order to augment the huge volume of inward remittance, Everest Bank Ltd. officially  launched  its own web-based online product “EVEREST REMIT” on 12th September 2006 from Qatar and UAE which facilitates people from various parts of the globe to remit their savings at a nominal rate to their beneficiaries here in Nepal.

With just a click away, EVEREST REMIT is highly efficient as compared to the TTs and Drafts. Dedicated to provide secured online money transferring facility EVEREST REMIT is well equipped with high security features, using universally accepted VERISIGN Digital Certificate, besides other security measures

On the auspicious occasion of launching of EVEREST REMIT, a special promotional campaign was organized till December 2006. To promote this offer an exciting lottery offer was embedded in the transactions wherein two remitters, each from Qatar and UAE, remitting more than Nrs. 40000.00 or above would eligible for the two way ticket from Qatar and UAE respectively.

Mr.Deva Nand Mandal of Doha, Qatar with Random Identification Number (RIN) E347763750351 and Mr. Durga Bahadur Magar, of Dubai, UAE with Random Identification Number (RIN) E206413485471 won the prizes.

During the 9th /10th /11th Annual General Meeting of Nepal India Chamber of Commerce & Industry    (NICCI), four institutions were presented the “NICCI Excellence Award” under four Categories – Large Industries, Medium Size Industries, Service & Small Sector Industry and Finance Sector. 

As per the financial result on Jestha 2063, the bank has recorded a growth of 21 percent in the operating profit amounting to Rs. 435 million as compared to the corresponding period last year. The Deposit and Advances have grown by 41 percent and 26 percent respectively resulting in a total business of around Rs 24 billion. The bank has one of the lowest NPA in the banking Industry, thus reflecting effective credit management of the bank. Everest Bank Limited (EBL) is one of the premier banks in Nepal, providing efficient and customer-friendly services through a network of 18 branches and over 250 correspondent banks across the globe. The Bank has branches in Biratnagar, Duhabi, Itahari, Janakpur, Birgunj, ICD-Birgunj, Simara, Pokhara, Butwal, Bhairahawa and Dhangadi, besides seven branches within Kathmandu Valley.  The bank is providing ATM servces to its customers through more than 50 ATMs in the country and 800 Point of Sales (POS).  Similarly, the bank has been conscious of its social responsibilities by extending support to the disabled, poor people, victims of natural disaster. In its continued commitment towards enriching and enabling the lives of the general people, the bank has recently organized blood donation campaign bringing together about 100 donors to participate in this noble cause of “GIVE BLOOD SAVE LIFE”.

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