Aggressive business growth model of NIC ASIA Bank paying off; EPS grows massively by 108% to 34.86 with Rs 6.69 arba alone as net interest income; becomes top lender and deposit collector too

NIC ASIA Bank has published an exciting financial report for the end of the fourth quarter of the FY 2075-76 where it has registered net income of Rs 9.51 arba which is a massive increase by 77% in comparison to the last year’s figure. The bank’s net income interest stands at Rs 6.69 arba which is a whopping increment of 65%.

The bank’s operational profit also increased massively by 139% to Rs 4.58 arba while its net profit also jumped up by 129% to whopping Rs 3.05 arba.

It’s credit growth has reached the figure of Rs 150 arba with an increment of 25%, deposit growth to Rs 180.58 arba or by 19% thereby making it the leading banks in terms of credit disbursement and leading among the private sector banks in terms of deposit collection.

All the aggressive business and growth of the bank has pushed up its EPS extraordinarily to Rs 34.56% or by 108%.

The bank currently provides its services to its customers from its 295 branches, 338 ATM terminals, 57 extension counters and 41 branchless banking units throughout the nation.