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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.[2] The Bank has successfully completed its 21 years of operation. The company has currently the following wholly owned subsidiaries: NIC Asia Capital Limited[3] and NIC Asia Laghubittiya Sanstha limited.
 NIC ASIA Bank | |
Native name | एन.आई.सी.एशिया बैंक |
|---|---|
| Company type | Public Limited |
| NEPSE: NICA | |
| Industry | Banking, financial services |
| Founded | 1998 |
| Headquarters | Nepal, Trade Tower, Kathmandu |
Number of locations | 300+ |
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 |
Number of employees | 3000+ |
| Subsidiaries | NIC Asia Capital Ltd.[1] |
| Website | www |
The bank, with its 360 branches,[4] 671 ATMs, 118 extension counters and 51 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).[5]
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.[6]
Ownership structure
editThe bank currently has a paid-up capital of Nepalese Rupees 14.92 Billion (as of FY 2023/24) [7]
- Promoter Group - 51.00%
- General Public - 49.00%
Subsidiaries
editThe bank's subsidiaries are as follows:
See also
editReferences
edit- ^ https://www.nicasiacapital.com/ [bare URL]
- ^ "Introductionhere1". NIC Asia Bank. Retrieved 22 August 2020.
- ^ "NIC Asia". www.nicasiacapital.com. Retrieved 22 August 2020.
- ^ "Branches". NIC Asia Bank. Retrieved 19 September 2020.
- ^ "NIC Asia Bank - #1 Commercial Bank in Nepal". NIC Asia Bank. Retrieved 22 August 2020.
- ^ "Neupane appointed CEO of NIC Asia". The Himalayan Times. 3 December 2018. Retrieved 22 August 2020.
- ^ "Nepal Stock Exchange Ltd".
- ^ "Home". www.nicasiacapital.com.
- ^ "Home". www.nicasialaghubitta.com.
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