NIC ASIA Bank

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NIC ASIA Bank
Native name
एन.आई.सी.एशिया बैंक
Company typePublic Limited
NEPSE: NICA
Industry Banking, financial services
Founded1998
HeadquartersNepal,
Kamaladi, Kathmandu
Number of locations
300+
Area served
 Nepal
Key people
Mr. Ashok Agrawal (chairman)
Sujit Kumar Shakya 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.nicasiabank.com

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.

Contents

The bank, with its 360 branches, [4] 647 ATMs, 108 extension counters, 41 branchless banking service, and 647 ATMs across the country, serving all major financial centers. The head office of NIC ASIA Bank is located in Kamaladi, Kathmandu, Nepal. It 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 (April 2022). [5]

The bank is headed by Mr. Ashok Kumar Agrawal as its chairman and Mr. Sujit Kumar Shakya as chief executive officer. [6]

Ownership structure

The bank currently has a paid-up capital of 14.92 billion Nepalese rupees (as of FY 2023/24). [7]

Subsidiaries

The bank's subsidiaries are as follows:

See also

  1. ↑ "NIC ASIA Capital". Archived from the original on 24 March 2017. Retrieved 24 May 2025.
  2. ↑ "Introductionhere1". NIC Asia Bank. Archived from the original on 26 March 2019. Retrieved 22 August 2020.
  3. ↑ "NIC Asia". www.nicasiacapital.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. ↑ "Shakya appointed CEO of NIC Asia". The Himalayan Times. 3 December 2018. Retrieved 22 August 2020.
  7. ↑ "Nepal Stock Exchange Ltd". Archived from the original on 7 March 2020. Retrieved 22 December 2017.
  8. ↑ "Home". www.nicasiacapital.com.
  9. ↑ "Home". www.nicasialaghubitta.com.


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