Everest Bank Ltd. (EBL) recorded a Rs.176.30 million operating profit in the fiscal year 2001/02 compared to Rs.146.90 million the previous year, the Bank said.

The EBL decided to issue bonus shares at 5:1 ratio to raise capital on the directive of the Nepal Rashtra Bank. The Bank had a total deposit of Rs.5466.60  million until mid-July 2002, Bank Chairman K.B. Shrestha said while presenting an annual report.

The Bank opened its 14th branch in Lazimpat this week.