Fundamental Analysis of NIC Asia Bank Limited (NICA)

Fundamental Analysis of NIC Asia Bank Limited (NICA)

NIC Asia Bank Limited (NICA) is a leading “A” class commercial Banks of Nepal, Licensed from Nepal Rastra Bank. Fundamental Analysis of NIC Asia Bank Limited (NICA).

 The bank was incorporated on 21st July,1998. NIC Asia Bank was born after successful merger of NIC Bank and Asia Bank on 30th June 2013. In the same years bank was honored with ” Bank of year 2013-Nepal” by the banker, financial times, UK.

The bank has 359 branches, 103 extended counters, 81 branch-less banking and 473 ATMs across the Nepal covering almost all the part of Nepal. The corporate office of the bank is at Trade Tower, Thapathali, Kathmandu. 

The CEO of the Bank is Mr. Roshan K Neupane.

More Info

ParticularInformation
SymbolNICA
Sector Commercial Bank
Share RegisterNIC Asia Capital Limited 
Share Listed149,175,669 Units
Face ValueRs. 100
Date of operation30-06-2013
Head office Trade Tower, Thapathali, Kathmandu
Phone Number: +977-01-5111180
Email[email protected]

Fundamental Analysis of NIC Asia Bank Limited (NICA)

Following are the financial highlights of NICA:

Particulars “000”Q3 2080/81
Paid-up Capital14,917,566.92
Retained Earnings.-1,725,642.82
Reserve17,459,561.19
Deposits from Customers.327,167,643.65
Loans and Advances to Customers.277,181,146.88
Net Interest Income8,188,170.54
Impairment Chage/ (Reversal).2,148,530.84
Personnel Expense2,819,434.95
Operating Profit3,625,277.82
Profit/ (Loss) for the year1,914,891.67
Capital Adequacy Ratio (CAR).11.29
NPL3.08%
CD Ratio85.81
Cost of fund6.79
Interest Rate Spread.3.99
Base Rate8.86
EPS17.12
Book Value205.47

Capital Structure

The company has Rs. 14.91 Arba paid up capital. Following is the holding of the company shares.

  • Promoters Holding: 51% 
  • Public Holdings: 49%

Growth in FY 2076/77 to 2077/78

Following is the change in FY 2076/77 to 2077/78 in different headings. Data are taken from the audited financial statement of the NIC Asia Bank.

Particulars “00,000”FY 2076/77FY 2077/78Growth
Paid Up capital9,717.6511,564.0119.00%
Deposit from the customers 201,630.38287,024.8042.35%
Loans and Advances to the customers160,184.31248,770.3571.87%
Net Interest Income7,604.839,227.5021.34%
Personnel Expense2,910.3,347.9415.04%
Operating Profit4,434.834,798.238.19%
Net Profit3,098.543,258.935.18%
Earnings Per Share (EPS)31.8928.18-11.62%

Dividend History

Following is the dividend history of NIC Asia Bank

S.NFiscal YearCash DividendBonus ShareTotal Dividend
12078/79
22077/78
32076/771.00%19.00%20.00%
42075/7611.05%10.00%21.05%

For More information of Dividend History: CLICK HERE

Audited EPS of NIC Asia Bank

Following is the audited EPS of NIC Asia Bank

Fiscal YearAudited EPS
2078/7936.45
2077/7828.18
2076/7731.89
2075/7615.11

Boards of Directors: 

Following are the boards of director of NICA

  • Chairman: Mr. Tulasi Ram Agrawal
  • Director: Mr. Trilok Chand Agrawal
  • Director: Mr. Ram Chandra Sanghai
  • Director: Mr.Nikung Agrawal
  • Director: Mr. Rajendra Prasad Aryal
  • Director: Mr.Binod Kumar Pyakurel

Merger and Acquisition

NIC Asia Bank Ltd is formed after merger of NIC Bank Ltd with Bank of Asia Ltd on 30th June 2013.

Subsidiary Companies

Following is the subsidiary companies of NIC Asia Bank

  • NIC Asia Capital Ltd – 100%
  • NIC Asia Laghubitta Bittiya Sanstha Ltd

Hence, these are the Fundamental Analysis of NIC Asia Bank Limited (NICA).

Corporate office:

Trade Tower, Thapathali, Kathmandu

Phone Number: +977-01-5111180

Email: [email protected]

Other Important Links:

a. EPS of commercial Bank: CLICK HERE.

b. Top 10 commercial Bank: CLICK HERE.

c. Top 10 highest dividend Paying stock in Nepal: CLICK HERE

Frequently Asked Question

 EPS of the NIC Aisa Bank?

= The EPS of the NIC Aisa Bank is Rs. 17.12 per Share.

Book Value of the NIC Asia Bank Limited?

= The Book Value of the Bank is Rs. 205.47

CD Ratio of the NIC Asia Bank?

= CD ratio of the bank is 85.81%

CAR of the NIC Asia Bank?

= CAR of the bank is 11.49%.

NPL of the NIC Asia Bank?

= NPL of the Bank is 3.08%.