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NIC Asia Financial Analysis

NIC Asia Bank, established in 1998, has expanded to 360 branches and serves about 25% of the economically active population in Nepal. As of mid-March 2024, it reported a net profit of NPR 151.73 million and total deposits of NPR 314.8 billion, although its paid-up capital is lower than competitors like Nabil and Global IME Bank. The bank's strong profitability and extensive network underscore its solid position in the Nepalese banking sector.

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Ukesh Sainju
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43 views1 page

NIC Asia Financial Analysis

NIC Asia Bank, established in 1998, has expanded to 360 branches and serves about 25% of the economically active population in Nepal. As of mid-March 2024, it reported a net profit of NPR 151.73 million and total deposits of NPR 314.8 billion, although its paid-up capital is lower than competitors like Nabil and Global IME Bank. The bank's strong profitability and extensive network underscore its solid position in the Nepalese banking sector.

Uploaded by

Ukesh Sainju
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd

Financial Performance Analysis of NIC Asia Bank

Introduction
NIC Asia Bank, established on July 21, 1998, has grown significantly, marking its 27th anniversary
in July 2024.
The bank operates 360 branches, 670 ATMs, 118 extension counters, and 51 branchless banking
units across Nepal,
serving approximately 25% of the economically active population aged 20 to 50 years.

Financial Highlights (Mid-March 2024)


- Net Profit: NPR 151.73 million
- Paid-up Capital: NPR 14.91 billion
- Reserve Fund: NPR 17.41 billion
- Total Deposits: NPR 314.8 billion
- Loans Disbursed: NPR 266.21 billion

Comparison with Other Major Banks (Q1 2023/24)


- NIC Asia Bank:
- Paid-up Capital: NPR 14.91 billion
- Reserve Fund: NPR 16 billion
- Net Profit: NPR 1.1 billion

- Nabil Bank:
- Paid-up Capital: NPR 27.05 billion
- Reserve Fund: NPR 28 billion
- Net Profit: NPR 1.46 billion

- Global IME Bank:


- Paid-up Capital: NPR 35.77 billion
- Reserve Fund: NPR 21 billion
- Net Profit: NPR 1.22 billion

Conclusion
NIC Asia Bank has demonstrated strong financial growth with a significant presence across Nepal.
Although its paid-up capital is lower than that of Nabil and Global IME Bank, its profitability and
extensive
network highlight its strong position in the Nepalese banking sector.

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