We have done Comparison of NIC Asia & Everest Bank. Both are leading commercial banks in Nepal.
Short Introduction
NIC Asia Bank
NIC Asia Bank Limited (NICA) is leading commercial bank in Nepal. It is located at Trade tower, Thapathali, Kathmandu, Nepal. The bank was established in 21st July, 1998. It has strong balance sheet and profit and loss account. The company is leading the commercial bank in terms of many aspect.
Everest Bank Ltd
Everest Bank Ltd (EBL) is a commercial bank which was founded in 1994. It is one of the prisoner commercial banks in Nepal. The bank has 128 Branches, 160 ATM Counters. The corporate office is located at EBL House, Lazimpat, Kathmandu, Nepal. It is the subsidiary bank of Punjab Bank of India.
Read More: Top 10 highest dividend paying stocks in Nepal.
Comparison of NIC Asia & Everest Bank
Following are the comparison of the bank.
| Particulars “000” | NIC Asia Bank | Everest Bank |
|---|---|---|
| Paid-up Capital | 14,917,566.92 | 11,767,904.00 |
| Retained Earnings. | -1,725,642.82 | 2,751,129.00 |
| Reserve | 17,459,561.19 | 11,923,290.00 |
| Deposits from Customers. | 327,167,643.65 | 214,577,060.00 |
| Loans and Advances to Customers. | 277,181,146.88 | 178,638,560.00 |
| Net Interest Income | 8,188,170.54 | 5,633,065.00 |
| Impairment Chage/ (Reversal). | 2,148,530.84 | 637,186.00 |
| Personnel Expense | 2,819,434.95 | 1,716,260.00 |
| Operating Profit | 3,625,277.82 | 3,726,540.00 |
| Profit/ (Loss) for the year | 1,914,891.67 | 2,608,466.00 |
| Capital Adequacy Ratio (CAR). | 11.29 | 12.37 |
| NPL | 3.08% | 0.70 |
| CD Ratio | 85.81 | 83.50 |
| Cost of fund | 6.79 | 6.03 |
| Interest Rate Spread. | 3.99 | 4.00 |
| Base Rate | 8.86 | 8.13 |
| EPS | 17.12 | 29.55 |
| Book Value | 205.47 | 226.73 |
Note: All the data are taken from unaudited financial statement of the respective banks.
Other Important Comparsion
| Particular | NIC Asia Bank | Everest Bank |
|---|---|---|
| CEO | Roshan Kumar Neupane. | Mr Sudesh Khaling. |
| Branches | 360 | 128 |
| ATMs | 671 | 164 |
| Extended Counters | 118 | 3 |
| Merger | NIC ASIA Bank after the merger of NIC Bank with Bank of Asia Nepal on 30th June 2013. | No merger So far for Everest bank. There are remours of merging with Laxmi but got cancelled. |
| Head Office | Trade Tower, Thapathali, Kathmandu. | Lazimpat, Kathmandu, Nepal. |
Other Important Links:
a. EPS of commercial Bank: CLICK HERE.
b. Top 10 commercial Bank: CLICK HERE.
