NIC ASIA Microfinance convenes 2nd AGM; endorses decision to float IPO shares to general public

Tue, Dec 10, 2019 10:51 PM on Corporate, Latest,

NIC ASIA Microfinance has convened its 2nd AGM on Mangsir 23, 2076 under the leadership of company’s chair Mr. Arjun Raj Khaniya. The AGM has endorsed the financial reports of the previous fiscal year, decided to float IPO shares to general public in a near future after receiving regulatory clearance.

The 39th board meet of the microfinance held on the same day has elected Mr. Kapil Dhakal as company’s new chairman who serves as the DY CEO in NIC ASIA Bank. Chairman Mr. Dhakal also received oath of his designation and secrecy from ED of NRB Banking sector regulation department Mr. Dev Kumar Dhakal amid an event.

The microfinance has its 61 branches in 19 districts within just a two years of its operation.