Everest Bank Limited (EBL) has recorded a net profit of Rs. 4.91 Arba in the fourth quarter of FY 2081/82, marking a 32.81% rise from Rs. 3.70 Arba in the same period last fiscal year. The growth was driven by a 19.36% increase in net interest income, which reached Rs. 9.12 Arba compared to Rs. 7.64 Arba in the previous year.

Deposits from customers surged 28.63% to Rs. 2.98 Kharba, while loans and advances to customers grew 19.87% to Rs. 2.13 Kharba. Retained earnings jumped 50.03% to Rs. 4.95 Arba, and reserves expanded by 11.12% to Rs. 13.88 Kharba.

Operating profit for the period rose 31.63% to Rs. 7.45 Arba, supported by reduced impairment charges, which shifted to a gain of Rs. 16.17 crore from a loss of Rs. 28.24 crore in the previous fiscal year. The bank also reduced its cost of funds by 31.38% to 3.87%, enhancing profitability.

Key ratios reflected improvements, with annualized earnings per share (EPS) rising to Rs. 37.99 from Rs. 31.47, and net worth per share increasing to Rs. 247.39. Non-performing loans (NPL) declined sharply to 0.38% from 0.71%, while the capital adequacy ratio improved to 13.28% from 12.30%.

The bank’s shares closed the quarter at Rs. 701.56, translating to a price-to-earnings (P/E) ratio of 18.47 times.