Kathmandu. Everest Bank has earned a net profit of Rs 1.25 billion 27 million in the first quarter of the current fiscal year 2083/84 (up to mid-August).

This is an increase of 6.23 percent compared to the same period of the previous fiscal year 2082/83. In the first quarter of last year, the bank's net profit was Rs 1.17 billion 92 million.

During the period from Shrawan to mid-August, the bank's net interest income has decreased by 2.91 percent. Net interest income, which was Rs 2.44 billion 38 million 97 thousand in the first quarter of the previous fiscal year, has decreased to Rs 2.37 billion 14 million in the same period of the current fiscal year.

Despite a slight contraction in net interest income, the bank's total operating income has improved. The bank has generated a total operating income of Rs 3.22 billion 95 million by the end of the current fiscal year, which is 3.65 percent more than the Rs 3.11 billion 57 million in the same period last year.

Similarly, the bank's operating profit has increased by 6.17 percent. The operating profit of Rs 1.68 billion 55 million 54 thousand in the first quarter of last year has increased to Rs 1.78 billion 97 million 73 thousand in this quarter.

Similarly, the bank's distributable profit has decreased. The bank's distributable profit, which was Rs 5.49 billion 60 million in the same period last year, has now stood at Rs 3.87 billion. During the review period, the bank's earnings per share (EPS) was Rs 34.78 and net worth per share was Rs 243.01.

Similarly, there has been an increase in both the bank's loan flow and deposit collection. Total deposit collection, which was Rs 316.185.77 billion by the end of the last fiscal year (mid-Asar), has increased by 6.52 percent to Rs 336.6280.500 by mid-Asoj.Total loans and advances disbursed to customers have also increased by 3.86 percent to Rs 244.61587 billion from Rs 235.5142.60 million.