NIC ASIA Bank inaugurates four new branches in Kathmandu

ShareSansar, August 19:

NIC ASIA Bank has formally inaugurated four new branches at Kapan, Golfutar, Balaju, and Lazimpat in Kathmandu today.

The branches were jointly inaugurated by Board Director Ganesh Man Shrestha and CEO Sashin Joshi, according to a press release issued by the commercial bank.

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 (http://www.nicasiabank.com).

In spite of the extremely challenging market conditions, the bank has stated, it posted an operating profit of Rs. 1.48 arba in the fiscal year 2013-14, with a Net Profit of Rs. 81.5 crore resulting in 39 percent growth in Operating profit and 27 percent growth in Net Profit.