Everest Bank Limited

Sector: Commercial Banking

Summary

Everest Bank Limited (EBL) is a prominent commercial bank in Nepal, known for its diverse loan products and consistent financial performance. The bank recently concluded its 32nd Annual General Meeting, approving a 15% dividend for its shareholders. It previously reported a distributable profit exceeding Rs 4 billion.

Recent moves

14/10up 1.42% to Rs 716.0 — no specific news, moved with broader market

13/10unchanged 0.00% to Rs 707.0 — no specific news, moved with broader market

12/10down 0.94% to Rs 703.3 — no specific news, moved with broader market

09/10up 1.28% to Rs 710.0 — no specific news, moved with broader market

08/10up 0.31% to Rs 701.0 — no specific news, moved with broader market

07/10down 0.17% to Rs 698.8 — no specific news, moved with broader market

06/10up 0.68% to Rs 700.0 — no specific news, moved with broader market

05/10down 0.67% to Rs 695.3 — no specific news, moved with broader market

02/10up 0.55% to Rs 700.0 — no specific news, moved with broader market

01/10down 0.01% to Rs 696.0 — no specific news, moved with broader market

30/09down 0.13% to Rs 696.1 — no specific news, moved with broader market

26/09up 1.45% to Rs 701.0 — no specific news, moved with broader market

25/09up 1.45% to Rs 701.0 — no specific news, moved with broader market

24/09up 1.45% to Rs 701.0 — gained on continued positive sentiment after opening 134th branch and new regional office in Dhangadhi

23/09up 1.45% to Rs 701.0 — gained on continued positive sentiment after opening 134th branch and new regional office in Dhangadhi

22/09up 1.45% to Rs 701.0 — gained on news of opening 134th branch and new regional office in Dhangadhi

19/09up 1.45% to Rs 701.0 — no specific news, moved with broader market

18/09up 0.57% to Rs 724.0 — no specific news, moved with broader market

17/09up 0.57% to Rs 724.0 — no specific news, moved with broader market

16/09up 0.57% to Rs 724.0 — no specific news, moved with broader market

Context

Everest Bank has declared a 15 percent dividend for its shareholders and set the book closure date for its Annual General Meeting. The bank is a well-established commercial lender in Nepal with a history of steady earnings and dividend payouts. No new corporate actions, leadership changes, or material announcements were reported today. Recently, the bank also adjusted its interest rates effective from 17th September 2026, in line with a continuing decline in deposit interest rates across several banks. On 17th September, Everest Bank issued a corrigendum notice correcting its fixed deposit interest rates. Today, Everest Bank expanded its branch network by launching its 134th branch and a new regional office building in Dhangadhi, aiming to boost local economic activity and improve regional banking services.

Additionally, the Nepal Rastra Bank (NRB) launched a new Rs 1,000 note featuring enhanced security features and images of Everest and Chitwan's twin elephants, which may have contributed to positive sentiment in the banking sector recently.

Recently, Everest Bank has been active in hiring managers for project finance and digital banking roles, and it has also been promoting SME loans to support business expansion. The bank's association with positive social initiatives, such as the free dental clinic planned at Everest Base Camp in 2027, and the documentary "The Everest Dream" winning awards, add to its community engagement profile.

On 1st October 2026, Everest Bank concluded its 32nd Annual General Meeting, officially approving a 15% dividend for shareholders, confirming earlier announcements.

Today, Everest Bank renewed its partnership with the Biratnagar Kings cricket team for the third season of the Nepal Premier League, continuing its support for Nepali cricket development. This sponsorship helps maintain the bank's visibility in the sports community but did not directly impact the stock price today.