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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

In our unrelenting endeavor to enrich, enable and beautify the lives of our valued customers, Everest Bank Ltd.(EBL) has come up yet with another futuristic deposit scheme – “Sunaulo Bhawisya Yojana,” which enables the customers to save 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 higher rate of return. Under this new deposit scheme, the depositor shall deposit at least Rs 500.00 with no maximum limit (in a multiple of Rs 100.00 thereof) every month for a specified period of time and the bank shall pay the principal amount along with half yearly compounded interest to the depositor at the time of the maturity; thereby offering higher rate of return to its customers. The deposit period is from 1 year upto 5 years in multiple of 12 months. Under this scheme the depositor has the option of giving a standing instruction to the bank for debiting their Saving/ Current account to credit their Sunaulo Bhawisya Yozana account at the end of each nepali month. Any individual (even in the name of minor), proprietorship, partnership, associations, company corporate bodies, trusts etc. can participate in this scheme. The scheme also has the flexibility to extend advance upto 90% of the deposited amount at 1.25% higher than the deposit rate. The scheme further offers reduction of 50% on service charges for all those account holders incase they avail various retail products of the bank such as : EBL Home Loan, EBL Vehicle Loan, EBL Education Loan, EBL Flexi Loan etc.

Based on the first six month’s un-audited financial result of fiscal year 2062/63, the bank’s operating profit was Rs. 217.28 million recording a growth of 16.24% compared to the corresponding period last year. Similarly, the total deposit and total advances of the bank have reached Rs 12349.80 million and Rs 9617.90 million, registering an increment of 41.15% and 33.72% respectively over the corresponding period last year. This outstanding performance and growth of the bank is the outcome of the continuous effort of the bank in introducing the innovative products suiting the need and requirements of it’s customers and is attributed to the strong systems and procedures, professional approach quality lending and motivated staff members.

NOTE TO EDITORS: Everest Bank Limited (EBL) was established in 1994 and started its operations with its first branch at New Baneshwor Katmandu. With a objective of establishing a professional banking standards, EBL joined hands with Punjab National Bank (PNB), the largest public sector bank in India as its joint venture partner in India in 1997. EBL is reckoned as one of the fastest growing private banks of Nepal, serving its customers through a wide network of 18 branches and over 250 correspondents across the globe. All the major branches of the bank 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 more than 52 ATM outlets associated with SCT network and around 500 Point of Sales.