NIC-Asia opened two new branches

NIC-Asia opened two new branches

Nov. 5, 2014, 5:45 p.m. Published in Magazine Issue: Vol: 08 No. -9 October. 18- 2014 (Kartik 01, 2071)

NIC ASIA Bank opened  two new  branches  at Kohalpur and Tulsipur. Jointly inaugurated by Board Director Mr. Binod Kumar Pyakhurel and CEO Mr. Sashin Joshi, the branches will serve the people living in the areas.

According to Corporate Communication Officer Neetika Ghimire,   NIC ASIA Bank now has one of the largest multi-channel delivery networks in Nepal with 66 branches, 61 ATMs, a Call Center and Internet banking (www.nicasiabank.com).

In spite of the extremely challenging market conditions, the Bank posted an operating profit of Rs. 1.48 billion in 2013-14, with a Net Profit of Rs. 832 million resulting in 38% growth in Operating profit and 30% growth in Net Profit.

Board of Directors of NIC ASIA Bank have recommended a dividend of Rs. 30 per share (15% Cash and 15% Stock) for the year 2013/14, subject to approval of Nepal Rastra Bank and the Bank’s Annual General Meeting

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