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. The Bank has successfully completed its 21 years of operation. The company has currently the following wholly owned subsidiaries: NIC Asia Capital Limited and NIC Asia Laghubittiya Sanstha limited.
The bank, with its 360 branches, 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).
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.
Ownership structure
The bank currently has a paid-up capital of Nepalese
Rupees
Rupee (, ) is the common name for the currencies of
India, Mauritius, Nepal, Pakistan, Seychelles, and Sri Lanka, and of former currencies of Afghanistan, Bahrain, Kuwait, Oman, the United Arab Emirates (as the Gulf rupee), British East Afr ...
14.92 Billion (as of FY 2023/24)
*Promoter Group - 51.00%
*General Public - 49.00%
Subsidiaries
The bank's subsidiaries are as follows:
* NIC asia Capital Limited.
* NIC asia Laghubitta Bittiya Sanstha Limited.
See also
*
List of banks in Nepal
The Nepal Rastra Bank has licensed 107 BFIs as of mid-Jan 2025 and 4 of them are declared problematic a& transactions are suspended. This is a list of banks and financial institutions in Nepal licensed by the Nepal Rastra Bank and their branches/ ...
*
Nepal Stock Exchange
The Nepal Stock Exchange (NEPSE) is the only stock exchange of Nepal. the Market
Capitalization of the companies listed on NEPSE totaled .
NEPSE opened its trading floor on 13 January 1994.
The basic objective of NEPSE is to impart free mark ...
References
Banks of Nepal
1998 establishments in Nepal
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