The 14th Annual General Meeting of Everest Bank Ltd. (EBL) has approved 30 percent bonus shares and 20 percent cash dividend for its shareholders, the bank said in a statement Monday. The bank also declared a 52.2 percent rise in its disposable net profit in Fiscal Year 2007/08, which had gone up from Rs. 296.4 million in Fiscal Year 2006/07 to Rs. 451.2 million last year. Similarly the bank said its operating profit went up 39.7 percent to Rs. 823.9 million. Earnings per share had gone up from Rs. 78.40 to Rs. 91.82 in the period; the bank said adding that deposits had grown by 31.8 percent, advances by 34 percent while the bank's non performing loans had been cut to 0.68 percent from the previous year's 0.80 percent. The bank said it had a net NPA of minus 1.96 percent after provisioning.
Source:
Ekantipur
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