Complete overview of NIC Asia Bank Limited; Know the financial performance of the company in last 4 years

Sun, Jul 7, 2019 7:24 AM on Company Analysis, Exclusive, Stock Market, Latest,

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NIC ASIA BANK LIMITED

SYMBOL: NICA

TOTAL LISTED SHARES: 88,342,287 (Promoter: Public = 51:49)

INTRODUCTION:

NIC Bank was established on 21^st July 1998 and was later renamed as NIC Asia bank after its merger with Bank of Asia Nepal on 30^th June 2013. The bank operates with the vision ' To ensure creation of optimum values for all the stakeholders' while its mission is ' To be a Bank of 1st Choice for all the stakeholders.' It is one of the largest private commercial banks in terms of balance sheet size, number of branches, ATM network and customer base. The bank has received prestigious "Bank of the Year" by The Banker, Financial Times twice, one before merger on 2007 and other on 2013. Nic Asia Laghubitta Bittiya Sanstha Ltd. and Nic Asia Capital Limited are the wholly owned subsidiaries of the bank.

Branches	Extension Counters	Branchless Banking	ATMs
285	46	36	294

(as per Bank's website)

BOARD OF DIRECTORS

Name	Role	Experience
Mr. Tulsi Ram Agrawal	Chairman	More than 30 years of active involvement in industries, import-export, banking, and business.
Mr. Trilok Chand Agrawal	Director	More than 36 years of experience in industries, import-export, commerce, and banking sector.
Mr. Jagdish Prasad Agrawal	Director	More than 40 years of experience in industries, import-export, commerce, and banking sector.
Mr. Rajendra Prasad Aryal	Director	25 years of experience in audio/ video, mass communication, media publicity, and product production.
Mr. Ram Chandra Sanghai	Director	25 years of experience in manufacturing of cement, food items, textile, and other manufacturing industries and businesses.
Mr. Ganesh Man Shrestha	Independent Director	More than 30 years of experience in banking and insurance sectors.
Mr. Binod Kumar Pyakurel	Director	37 years of experience in banking, and retired from the service of core and merchant banking

CHIEF EXECUTIVE OFFICER

Mr. Roshan K. Neupane

Mr. Neupane commenced his Banking career as an in-charge of Internal Audit Department. He is an Chartered Accountant by profession. He has the experience of working at all Banking verticals viz. Sales, Support (Operations) and Control (Internal Audit, Compliance, and Risk Management). He was appointed as CEO on 2nd Dec, 2018.

FINANCIAL INDICATORS

Ratio	Indicator	FY 15/16	FY 16/17	FY 17/18	Q3 18/19
Net Profit/Gross Income	Percent	40.83	42.91	24.91	41.54
Earnings Per Share	NPR	28.31	23.06	16.62	34.71
Market Value Per Share	NPR	798	445	316	469
Price Earnings Ratio	Ratio	28.19	19.3	19.01	13.24
Dividend (Bonus)	Percent	27.37	21.05	10	-
Cash Dividend	Percent	1.37	1.05	0.526	-
Return on Total Assets	Percent	1.51	1.64	0.97	1.33
Return on Equity	Percent	16.5	16.84	12.09	21.24
Book Net Worth	NPR	161	151	145.32	161.74