Kathmandu. Everest Bank has made a leap in net profit. According to the unrevised financial statement of the fourth quarter of the last financial year released by the bank on Thursday, the net profit has increased by 43.77 percent. By the end of June last year, the bank has earned a net profit of 2.54 billion 6 million rupees. This is 77 crore more than the same period of the previous year. In the previous year, the bank earned a net profit of 1.777 billion rupees.

With the increase in net interest income and operating profit, the bank's profit has increased significantly. During the review period, the net interest income of the bank increased by 37.15 percent to 5.42 billion rupees. Likewise, the bank's operating profit increased by 42.62 percent to 3.63 billion rupees.

Currently, the bank has 9.46 billion rupees in paid-up capital, 9.9 billion rupees in reserve fund, 3.89 billion rupees in retained earnings and 23.84 billion rupees in share premium.

By the end of June, the distributable profit of the bank is 3.89 billion rupees. With this, the bank has the ability to give 41 percent dividend. With the profit, the bank's earnings per share increased by Rs 7.07 to Rs 26.89. During the review period, the bank's net worth per share is 239.71 rupees, price earnings ratio is 16.32 times, bad loans are 0.24 percent, base rate is 8.82 percent, spread rate is 4.06 percent and CD ratio is 86.04 percent.