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Nepal Industrial & Commercial Bank (NIC) Limited

Nepal Industrial & Commercial Bank Limited (NIC Bank) commenced its operation on 21 July 1998 from Biratnagar. The Bank was promoted by some of the prominent business houses of the country. The current shareholding pattern of the Bank constitutes of promoters holding 65% of the shares while 35% is held by general public. NIC Bank is one of the most widely-held Banking companies in Nepal, with over 32,000 shareholders. The shares of the Bank are actively traded in Nepal Stock Exchange with current market capitalization of about NPR 10,699 million. Within 10 years of commencing business, the Bank has grown rapidly with 16 branches throughout the country while 2 more are planned to be opened this year. All branches are inter-connected through V-Sat and are capable of providing real time on-line transactions.

Vision
To become one of the most respectable banks in Nepal based on honorable conduct and long-term financial performance.

Mission:
To become a leading bank in Nepal by providing complete financial solutions to our customers, superior value to our shareholders and promising growth opportunities to our employees.

 

Website of the NIC Bank Limited: www.nicbank.com.np

 

Overview of interest rates of home, car, motor, personal loans

 
News about the NIC Bank
29-11-2012:
NIC Bank has announced cash dividend of Rs 25 per share for fiscal year 2011-2012, which is subject to regulatory requirements and approvals. The bank had posted a net profit of Rs 392 million in fiscal year 2011-12, with its earnings per share of Rs 29.87, return on assets of 1.64 per cent and return on equity of 19 per cent.

30-11-2010:
The leading bullion importer NIC Bank has launched ‘one kilo silver bar’ targeting the retail investors. “It will allow the public an option to buy certified silver as an investment instead of keeping it cooped up in the savings account,” informed head of financial markets -commodities and derivatives at the bank Saroj Guragain.

01-11-2010:
NIC Bank has formally inaugurated its Malangwa branch jointly by the Bank’s chairman Jagdish Prasad Agrawal and President of Malangawa Chamber of Commerce, Rang Lal Agrawal, at a function held.

28-10-2009:
The board of directors of Nepal Industrial & Commercial Bank Limited has decided to recommend distribution of 15 percent bonus shares and 0.79 percent cash dividend to its shareholders for fiscal year 2008/09.

23-07-09
NIC Bank has opened two new branches in Surkhet and Dhangadhi. The Surkhet branch was inaugurated by Jagdish Prasad Agrawal amidst a function held on Wednesday

12-07-09
NIC Bank has opened a new branch in Lahan. The branch was inaugurated by Jagdish Prasad Agarwal on Sunday. With the opening of this branch, NIC has become the first private commercial bank to reach Sagarmatha zone

10-07-09
NIC Bank has opened its 20th branch in Gaighat of Udaypur on Friday. This branch is connected to all other branches via VSAT network, enabling real-time online connectivity.
The bank has also launched a new deposit scheme, Mero Bachat, under which customers can open an account with only Rs 10. Similarly, the bank has re-launched NIC Life Saving Account, a saving account which entitles the account holders to complete health check-up at Norvic International Hospital free of cost.

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