Everest Bank's Net Profit Increases 41%

November 14: Everest bank has earned the net profit of Rs 513.4 million in the first quarter of current FY which is 41.16 percent growth than the corresponding period of the last FY.

The operating profit of the bank has increased by 42 percent to Rs 769.4 million in the first three months of the current FY. Similarly, the loan extension of the bank has increased by 35.47 percent to Rs 69.53 billion during the review period. The bank has been able to recover Rs 35.3 million bad debt of the last FY. The non-performing loan of the bank has reached 0.36 percent during the period.