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Press Release : first quarter Operating Profit Increase by 24.20%

07-11-2009

Everest Bank Ltd-Increase in Operating Profit by 24.20% (during the first quarter of the current financial year)

The Board of Directors of Everest Bank Ltd. in its meeting held on 7th November, 2009 (21st Kartik,2066) noted with satisfaction the un-audited results during the first quarter of the current financial year as follows:

                                                                                            Amount in Laks

Particular Ashwin 2065 Ashwin 2066 Increase in %age
Operating Profit 2349 2917 24.20
Deposit 272167 341167 25.40
Advances 198737 258811 30.20

The Bank has now 35 full operating branches and five extension counters. The Board approved opening of the 36th branch at Tatopani on Nepal China border.