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News & Updates : Everest Bank’ Consistent Performance in 1st Quarter (FY 2068/69)
23-11-2011
Everest Bank Ltd. (EBL) has recently published its 1st quarter operating results for the FY 2068/69. As per the results, it stood up to its image of Strong, Consistent and Dependable Bank by achieving sustainable growth in all the major parameters. The growth has taken place inspite of general economic slow-down. EBL’s growth in important parameters on year to year basis is as under:
•Operating Profit has grown by 18.30 % from Rs.34.03 Crore as at Q.E. Ashwin 2067 to Rs. 40.26 Crore as at Ashwin 2068.
•The growth in Operating Profit is significant in view of the lower CD Ratio of the Bank which stands at 70.62 % as on Ashwin 2068 against 72.71 % as at corresponding previous quarter.
•Bank has improved quality of assets having brought down Gross NPAs at 0.37 % from 0.40 % during the review period.
•Customer base has increased by 26.67 %
•Low cost deposits have grown by 5.61 % from Rs.1767.24 Crore to Rs.1866.32 Crore.
•Per employee Business increased by 7.51 % from Rs.11.71 Crore to Rs. 12.59 Crore.
•ATM Card base crossed 2 Lac mark showing a growth of 41 %.
