Everest Bank Limited (EBL) has reported a net profit of Rs 1.25 billion in the first quarter of the current fiscal year 2083/84, representing a 6.23% increase compared to the corresponding period of the previous fiscal year.

According to the bank's financial report, net profit reached Rs 1.25 billion (Rs 1 arba 25 crore 27 lakh) during the review period. The bank's net interest income stood at Rs 2.37 billion, while the reported figure for the same period last year was Rs 2.40 billion.

The bank's operating profit increased from Rs 1.68 billion to Rs 1.78 billion during the review period. However, its distributable profit declined to Rs 3.87 billion from Rs 5.49 billion recorded in the corresponding period last year.

Everest Bank reported earnings per share (EPS) of Rs 34.78 and a net worth per share of Rs 243.01. By the end of Ashoj, the bank's total deposits had reached Rs 336.62 billion.

The bank's non-performing loan (NPL) ratio stood at 0.50%, according to the published financial details.