Everest Bank Reports Strong Q1 Performance: Net Profit Rises to NPR 1.25 Billion as NPL Drops to 0.50%

2nd November 2026, Kathmandu

Everest Bank Limited has published its unverified financial report for the first quarter of the fiscal year 2083/84 (ending Mid-October 2026), posting solid growth across key operational indicators.

Everest Bank Strong Performance 

The commercial lender recorded a net profit of NPR 1.25 billion during the review quarter. This represents a 6.23 percent increase compared to NPR 1.18 billion earned in the corresponding period of the previous fiscal year.

Net Profit and Operational Revenue Dynamics

The bank achieved gains in bottom-line profit and operational earnings, driven by controlled operational costs and effective balance sheet management.

Advertisement

• Net Profit: Reached NPR 1.25 billion, expanding by 6.23 percent year-on-year from NPR 1.18 billion in Q1 FY 2082/83.
• Operating Profit: Increased to NPR 1.78 billion, up from NPR 1.68 billion recorded in the baseline quarter.
• Net Interest Income: Recorded at NPR 2.37 billion, slightly down by 2.91 percent compared to NPR 2.40 billion in the base period.
• Distributable Profit: Stood at NPR 3.87 billion, compared to NPR 5.50 billion in the corresponding period last year.

Deposit Mobilization and Lending Expansion

The commercial bank maintained strong growth in deposit collection over the prior fiscal year-end balance sheet figures.

• Total Deposit Mobilization: Accumulated to NPR 336.63 billion by the end of the first quarter, expanding by 6.52 percent from NPR 316.02 billion at the end of the previous fiscal year (Mid-July 2026).
• Total Credit and Advances: Showed continuous growth alongside deposit mobilization during the review quarter.

Asset Quality Metrics and Shareholder Indicators

Industry-leading risk management allowed the institution to reduce non-performing loans while supporting per-share return ratios.

• Non-Performing Loan (NPL) Ratio: Improved to 0.50 percent, declining from 0.74 percent recorded in the baseline quarter.
• Earnings Per Share (EPS): Recorded at an annualized NPR 34.78.
• Net Worth Per Share: Stood at NPR 243.01.

For More: Everest Bank Strong Performance