NIC Asia Bank's Commitment to Transparency Amid Real Estate Sector Scrutiny

NIC Asia Bank Bank (NICA)'s slogan, "Bank Pani, Sathi Pani; Ramro Pani, Hamro Pani," has garnered considerable media attention, focusing on the bank's responsible practices.

Recent reports in various news sources highlighted misleading information about the bank's risk management and increased loans in the real estate sector. The bank has clarified its position, seeking guidance from Nepal Rastra Bank, updating reporting based on recommendations, and improving understanding of loan classifications related to residential property claims.

Despite challenges, the bank remains committed to contributing positively to the country's renewable energy production. It has sought regulatory guidance and provided updates on reporting Claims Secured by Residential Properties. Additionally, the bank adheres to Nepal Rastra Bank's limits in reporting financial flows in the Real Estate Sector, maintaining transparency with a loan flow of only 10.14% by the end of fiscal year 2080, well below the 25% limit.