EVEREST BANK LIMITED-UNAUDITED FINANCIAL RESULTS

April 24, 2017 | 2004 views | N/A

NOTICE OVERVIEW

EVEREST BANK LIMITED

(A joint-Venture with punjab national bank, India)

UNAUDITED FINANCIAL RESULTS

As at 3rd Quarter 31/12/2073) 13/04/2017) of the Fiscal Year 2073/74

Rs. in’ 000

S.No Particulars This Quarter 31.12.2073 (13.04.2017) Previous Quarter 29.09.2073 (13.01.2017) Corresponding Previous year 30.12.2072 (12.04.2016)
1 Total Capital and Liabilities [ 1.1 to 1.7) 114,031,664 112,657,152 97,867,615
1.1 Paid Up Capital * 4,606,427 4,606,427 2,742,604
1.2 Reserve and Surplus 5,433,543 4,879,236 5,356,825
t .3 Debenture and Bond 1,068,845 1,068,845 1,068,845
1.4 Borrowings 12,500 7,500
1.5 Deposits ( a+b) 92,811,441 90,436,607 79,818,425
  a. Domestic Currency 86,195,606 84,124,231 68,601,757
  b. Foreign Currency 6,615,835 6,312,376 11,216,667
1.4 Income Tax Liability 13,803 6,440 39.333
1.7 Other Liabilities 10,085,105 11,652,097 8,841,583
2 Total Assets (2.1 to 2.7) 114,031,664 112,657,152 97,867,615
2.1 Cash & Bank Balance 23,375,661 20,572,150 14.183,310
2.2 Money at Call & Short Notice 2.800,031 1.300,000
2.3 Investments 12,366,167 12,470,342 19,572,932
2.4 Loans and Advances (Gross) (a+b+c+d+e+f) 73,550,546 72,618,124 59,183,268
  a. Real Estate Loan 5,079,148 4,130,919 3,205,134
  1. Residential Housing Loan (Except Personal Housing Loan upto Rs. 1 Cr) 2,329,168 2,238,969 1.505.125
  2. Business Complex S. Residential Apartment Construction Loan 977,729 1,006,243 1,038,988
  3. Income Generating Commercial Complex Loan 893,680 609,316 625,558
  4. Other Real Estate Loan (Including Land purchase & Plotting) 878,571 276,392 35,463
  b. Personal Housing Loan upto Rs. 1 Cr. 10,165,050 10.036,938 8,878,766
  c. Margin Type Loan 1,236,404 1,360,426 489,055
  d. Term Loan 17,458,032 16,995,472 12,180,630
  e. Overdraft Loan /TR Loan /Working Capital Loan 29,793,137 30,791,677 26.356,567
  f. Others 9,818,776 9,302,691 8.073.116
2.5 Fixed Assets 783,774 756,221 709,369
2.6 Non Banking Assets ( Net of provision)
2.7 Other Assets 3,955,515 3,440,284 2,918,736
3   Up to This Up to Previous Up to Corresponding
    Quarter Quarter Previous year Quarter
3.1 Interest Income 4,577,252 2,828,193 3,540,847
3.2 Interest Expense 1,902,289 1.061,560 1,375,236
  A. Net Interest Income ( 3.1-3.2) 2,674,962 1,766,633 2,165,611
3.3 Fees Commissions and Discounts 249,442 167,706 198,090
3.4 Other Operating Income 384,330 259,321 340,917
3.5 Foreign Exchange Gain/Loss | Net] 65,862 44,317 84,226
  B. Total Operatfng Income ( A+3.3+3.4+3.5) 3,374,597 2,237,976 2,788,844
3.6 Staff Expenses 484,546 334,980 465,182
3.7 Other Operating Expenses 443,462 319,634 373,700
  C. Operating Profit before provlsion( B 3.6-3.7) 2,446,589 1,583,363 1,949,962
3.8 Provision for possible losses 91,533 96,570 69,414
  D. Operating Profit ( C-3.8) 2,355,056 1,486,793 1,880,548
3.9 Non Operating Income/Expenses (Net] 7.452 4,662 13,035
3.10 Write back of provision for possible loss 35,306 35,306 53,003
  E. Profit from Regular Activities ( D+3.9+3.10) 2,397,815 1,526,760 1,946,586
3.11 Extra Ordinary Income/Expenses (Net)  
  F. Profit before Bonus and Taxes( E+3.11) 2,397,815 1,526,760 1,946,191
3.12 Provision for Staff Bonus 217,983 138,796 176,926
3.13 Provision for Income Tax 653,949 416,389 560,212
  G. Net Profit/Loss ( F-3.12-3.13) 1,525,882 971,575 1,209,052
4 Ratios      
4.1 Capital Fund to RWA 13.88% 13.25% 13.95%
4.2 Non Performing Loan (NPL) to Total Loan 0.67% 0.70% 0.63%
4.3 Total Loan Loss Provision to NPL 100.00% 100.00% 100.00%
4.4 Average Yield 8.92% 7.68% 7.01%
4.5 Cost of Deposit 4.18% 2.79% 2.03%
4.6 Average Interest Spread 4,74% 4.89% 4.98%
4.7 Base Rate 7.03% 5.48% 4.72%
4.8 Credit to Deposit Ratio (Calculated as per NRB Directives) 70.89% 76.60% 76.43%
  Other information      
1 Earning Per Share (Met Profit/Total No. of Ordinary Shares) 44.95 42.93 61.47
2 Market Share Price (in Rs.) 2080 1925 2802
3 Price Earning Ratio 46.28 44.84 45.58
4 Net Liquid Asset/Deposit (As per NRB Directives in %) 38.43 39.55 38.18
5 Return on Total Net Assets (Annualized in %) 1.79 1.72 1.64
6 Return on EquityfAnnualized in %) 24.12 23.15 23.81
7 Net Worth Per share [in Rs.J 220.04 207,79 304.26
8 Total Assets Per Shares.) 2519.24 2488.88 3731.70
  1. Paid Up Capital includes Convertible Preference Shares of Rs. 8 crore.

The above figures are subject to change upon otherwise instructions from Statutory Auditors & Supervising Authority.

financial-result-everest-bank

Leave a Reply

Your email address will not be published. Required fields are marked *