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EBL registers 23pc growth in profits

Author: Rishi Singh Category: Mountain May 7, 2005 Everest, Nepal

Himalayan News ServiceKathmandu, May 7:Everest Bank Ltd (EBL) has registered a 23 per cent growth on operating profit during the first nine months of current fiscal year in comparison to the same peri

EBL registers 23pc growth in profits Himalayan News Service Everest Bank Ltd (EBL) has registered a 23 per cent growth on operating profit during the first nine months of current fiscal year in comparison to the same period last year. Based on the first nine month’s un-audited accounts, the bank’s operating profit has touched a figure of Rs 282.8 million during the period, states a press release issued here today. The bank’s credit has grown by 22 per cent reaching a figure of Rs 7456.9 million. The deposits have also increased by 20 per cent touching Rs 9325.4 million over the preceding year. The sustained growth of EBL is attributed to its strong systems and procedures, professional approach, quality lending and highly motivated staff members. The bank provides a wide range of banking facilitates across the globe.

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