NIC ASIA Bank

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. Nepal witnessed the first merger of two commercial bank in its 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.[1] The Bank has successfully completed its 21 years of operation. The company has currently the following wholly owned subsidiaries: 1. NIC Asia Capital Limited [2] 2. NIC Asia Laghubittiya Sanstha limited [3]

NIC ASIA Bank
Native name
एन.आई.सी.एशिया बैंक
TypePublic Limited
NEPSE: NICA
IndustryBanking, Financial Services
Founded1998
Headquarters
Nepal 
Area served
Nepal
Key people
Roshan K. Neupane (CEO)
ProductsConsumer banking, corporate banking, finance and insurance, investment banking, mortgage loans, private banking, private equity, savings, securities, asset management, wealth management, credit cards
Number of employees
2500+
Websitewww.nicasiabank.com.

The paid up The Bank with its 317 branches,[4] 405 ATMs, 95 Extension counters and 44 branchless banking service is the largest bank in terms of footprint expansion, customer base including balance sheet size.[5]

The Bank is headed by Mr. Tulsi Ram Agrawal as its Chairman and Mr. Roshan Kumar Neupane as Chief Executive Officer. Mr. Neupane was appointed as CEO of the bank on 2 December 2018 with 4 years tenure.[6] Mr. Neupane is believed to be youngest CEO in Nepalese Commercial Banks.

Ownership structure

The Bank currently has a paid-up capital of Nepalese Rupees 11.56 Billion (as of FY 2019-20) [7]

See also

References
  1. "Introductionhere1". NIC Asia Bank. Retrieved 22 August 2020.
  2. "NIC Asia". www.nicasiacapital.com. Retrieved 22 August 2020.
  3. "NIC Asia Laghubitta Bittiya Sanstha Limited". www.facebook.com. Retrieved 22 August 2020.
  4. "Branches". NIC Asia Bank. Retrieved 19 September 2020.
  5. "NIC Asia Bank - #1 Commercial Bank in Nepal". NIC Asia Bank. Retrieved 22 August 2020.
  6. "Neupane appointed CEO of NIC Asia". The Himalayan Times. 3 December 2018. Retrieved 22 August 2020.
  7. http://www.nepalstock.com/company/display/139


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