NIC ASIA Bank

{{Short description|Nepalese bank}}

{{more citations needed|date=January 2019}}

{{Use dmy dates|date=September 2015}}

{{Infobox company

| name = NIC ASIA Bank

| native_name = एन.आई.सी.एशिया बैंक

| logo = NIC Asia Bank Logo.svg

| logo_size =

| logo_caption = NIC ASIA Bank

| type = Public Limited

| traded_as = NEPSE: [http://www.nepalstock.com/company/display/139 NICA]

| hq_location = Nepal

| hq_location_city = Trade Tower, Kathmandu

| area_served = Nepal

| key_people = Mr. Tulsi Ram Agrawal (chairman)
Roshan K. Neupane CEO

| products = Consumer banking, corporate banking, finance and insurance, investment banking, mortgage loans, private banking, private equity, savings, securities, asset management, wealth management, credit cards

| num_employees = 3000+

| num_locations = 300+

| foundation = 1998

| industry = Banking, financial services

| subsid = NIC Asia Capital Ltd.{{Cite web | title=NIC ASIA Capital | url=https://www.nicasiacapital.com/ | archive-url=https://web.archive.org/web/20170324154515/http://www.nicasiacapital.com/ | access-date=2025-05-24 | archive-date=2017-03-24}}

| homepage = {{URL|www.nicasiabank.com}}

}}

NIC ASIA Bank was founded as Nepal Industrial and Commercial Bank on 21 July 1998. It was renamed NIC ASIA Bank on 30 June 2013 after it merged with Bank of Asia. The merger was the first between of two commercial banks in the Nepalese Banking history. After the merger, NIC ASIA was recognized as ”Bank of the Year 2013-Nepal” by The Banker, Financial Times, UK. This is the second time that the bank was recognized with this prestigious award, the previous occasion being in 2007.{{Cite web|title=Introductionhere1|url=https://www.nicasiabank.com/about-us/introduction|access-date=2020-08-22|website=NIC Asia Bank|archive-date=26 March 2019|archive-url=https://web.archive.org/web/20190326183649/https://www.nicasiabank.com/about-us/introduction|url-status=dead}} The Bank has successfully completed its 21 years of operation. The company has currently the following wholly owned subsidiaries: NIC Asia Capital Limited{{Cite web|title=NIC Asia|url=https://www.nicasiacapital.com/|access-date=2020-08-22|website=www.nicasiacapital.com}} and NIC Asia Laghubittiya Sanstha limited.

The bank, with its 360 branches,{{Cite web |title=Branches |url=https://www.nicasiabank.com/branches-list/ |access-date=2020-09-19 |website=NIC Asia Bank}} 670 ATMs, 116 extension counters and 45 branchless banking service is the largest bank in terms of footprint expansion, customer base including balance sheet size. Currently bank is providing services to more than 3 million customers (2022, April).{{Cite web|title=NIC Asia Bank - #1 Commercial Bank in Nepal|url=https://www.nicasiabank.com/|access-date=2020-08-22|website=NIC Asia Bank}}

The bank is headed by Tulsi Ram Agrawal as its chairman and Roshan Kumar Neupane as chief executive officer. Neupane was appointed as CEO of the bank on 2 December 2018 with four years tenure.{{Cite web|date=2018-12-03|title=Neupane appointed CEO of NIC Asia|url=https://thehimalayantimes.com/business/neupane-appointed-ceo-of-nic-asia/|access-date=2020-08-22|website=The Himalayan Times|language=en-US}}

Ownership structure

The bank currently has a paid-up capital of Nepalese Rupees 14.92 Billion (as of FY 2023/24) {{Cite web|url=http://www.nepalstock.com/company/display/139|title=Nepal Stock Exchange Ltd|access-date=22 December 2017|archive-date=7 March 2020|archive-url=https://web.archive.org/web/20200307055707/http://www.nepalstock.com/company/display/139|url-status=dead}}

  • Promoter Group - 51.00%
  • General Public - 49.00%

Subsidiaries

The bank's subsidiaries are as follows:

  • NIC asia Capital Limited.{{cite web |url=https://www.nicasiacapital.com/|title=Home |website=www.nicasiacapital.com}}
  • NIC asia Laghubitta Bittiya Sanstha Limited.{{cite web |url=https://www.nicasialaghubitta.com/|title=Home |website=www.nicasialaghubitta.com}}

See also

References

{{Reflist}}

{{Nepal topics}}

{{DEFAULTSORT:NIC ASIA Bank}}

Category:Banks of Nepal

Category:1998 establishments in Nepal

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