NIC Asia Celebrates Two Decades of Banking Service

NIC Asia Bank Ltd, one of the leading private-sector commercial banks of Nepal, has turned 20.

July 21, 2017, 12:27 p.m.

NIC Asia Bank Ltd, one of the leading private-sector commercial banks of Nepal, has turned 20. Established in 1998 as a regional bank Nepal Industrial and Commercial Bank Ltd, it turned a national level bank following the merger with the Bank of Asia in June 30, 2013.

After merger it became NIC Asia Bank. Currently, the bank has 119 branches, 70 ATMs, and 4,000 remittance counters.

Addressing a press conference, the bank said it has prepared a strategy to extend savings account, retail loans, and small-medium business loans. The statement further said that the bank has been providing an internet service for loans.

The bank is introducing ‘score card model’ that will provide its clients online application facility for ASBA, account opening and loans, added the statement. Till date the bank has eight regional offices.

In the last two decades, the bank has a made a major progress. Under the eastern regional office, 11 branch offices, six ATMs, 486 remittance agents, and two extension counters are operating. The current paid-up capital of the bank is Rs 6.69 billion. It earned Rs 1.42 billion profit last year.

The bank has been contributing in the sectors of environment, health, education, financial literacy, and financial inclusion through its corporate social responsibility programs.

 

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