We have done a fundamental analysis of NIC Asia Bank Limited (NICA). It is an “A” class bank and financial institution in Nepal.
NIC Asia Bank Limited (NICA)
Following is the company analysis of NIC Asia Bank Limited (NICA).
Introduction
NIC Asia Bank Limited (NICA) is the leading commercial bank in Nepal. It is located at Trade Tower, Thapathali, Kathmandu, Nepal. The bank was established on 21st July 1998. NIC Asia Bank was born after the successful merger of NIC Bank and Asia Bank on 30th June 2013. In the same year bank was honored with ” Bank of Year 2013-Nepal” by the banker, Financial Times, UK.
More Information
| Particulars | Information |
|---|---|
| Symbol | NICA |
| Full Name | NIC Asia Bank Ltd |
| Sector | Commercial Bank |
| Share Capital | 149,175,672.00 units |
| Paid Up | Rs. 100 |
| Paid-up Capital | Rs. 14,917,567,200.00 |
| Operation Date | 2013-06-30 |
| Address | Trade Tower, Thapathali, Kathmandu |
| Phone Number | +977-01-5111180 |
| [email protected] |
Quarterly Report
Following are the data from the Quarterly Report of NIC Asia Bank Ltd.
| Particulars | 3rd Quarter |
|---|---|
| Paid-up Capital | Rs. 14,917,566.92 |
| Retained Earning | Rs. -1,725,642.82 |
| Reserve | Rs. 17,459,561.19 |
| Deposits from customers. | Rs. 327,167,643.65 |
| Loans and advances to customers. | Rs. 277,181,146.88 |
| Net Interest income | Rs. 8,188,170.54 |
| Impairment charge/(reversal) for loan and other losses. | Rs. 2,148,530.84 |
| Personnel expense | Rs. 2,819,434.95 |
| Profit for the period. | Rs. 1,914,891.67 |
| Annualized EPS | Rs. 17.12 |
| NPL | 3.08% |
| Credit to Deposit Ratio | 85.81% |
| Net Worth Per Share | Rs. 205.47 |
| Return on Equity | 8.33 |
| Return on Assets | 0.64 |
Read More: Top 10 Best Commercial Banks in Nepal.
Capital Structure
Following is the capital structure of the company.
| Particulars | Percentage |
|---|---|
| Promoter Share Holding | 51% |
| Public Share Holding | 49% |
Ownership structure of the NIC Asia Bank Ltd
| Shareholders | Percentage of Holding |
|---|---|
| Ashok Kumar Agrawal | 6.18% |
| Trilok Chand Agrawal | 5.34% |
| Ram Chandra Sanghai | 4.41% |
| Subash Chandra Sanghai | 4.37% |
| Lokmanya Golcha | 3.1% |
| Anuj Agrawal | 3.01% |
| Jayshree Golcha | 2.74% |
| Jagadish Prashad Agrawal | 2.53% |
| Birendra Kumar Agrawal | 2.00% |
| Akshay Golyan | 1.94% |
| Govindalal Sanghai | 1.92% |
| Tulshiram Agrawal | 1.78% |
| Manju Agrawal | 1.78% |
| Sajita Agrawal | 1.78% |
| Nikunja Agrawal | 1.78% |
| Nepal Life Insurance Company Ltd. | 1.10% |
| Public and other shareholders | 54.24% |
Growth in FY 2078 to FY 2079
Following is the detailed information.
| Particulars “000,000” | FY 2077/78 | FY 2078/79 | Growth |
|---|---|---|---|
| Capital | 11,564.01 | 11,564.01 | 0.00 |
| Deposit | 300,252.00 | 294,977.00 | -1.76% |
| Loans and advance | 264,840.00 | 268,236.00 | 1.28% |
| Net Profit | 3,249.00 | 4,215.00 | 29.33% |
| Return on Equity | 17.09 | 18.43 | 7.84% |
| CAR -Capital Adequacy Ratio | 12.47 | 13.38 | 6.27% |
| Earning Per Share | 28.18 | 36.45 | 29.35% |
Dividend History
Following is the dividend history of the company
| S.N | Fiscal Year | Cash Dividend | Bonus Share | Total Dividend |
|---|---|---|---|---|
| 1 | 2079/80 | 1.52% | 29.00% | 30.52% |
| 2 | 2078/79 | |||
| 3 | 2077/78 | | | |
| 4 | 2076/77 | 1.00% | 19.00% | 20.00% |
| 5 | 2075/76 | 11.05% | 10.00% | 21.05% |
Read More: Dividend History of NIC Asia Bank (NICA).
Audited EPS
The following are the company’s audited EPS.
| Fiscal Year | Audited EPS |
|---|---|
| 2079/80 | Rs. 38.44 |
| 2078/79 | Rs. 36.45 |
| 2077/78 | Rs. 28.18 |
| 2076/77 | Rs. 31.89 |
Board of Director
Following are the Board of Directors of NIC Asia Bank.
| Particulars | Positions |
|---|---|
| Mr. Tulasi Ram Agrawal | Chairman |
| Mr. Trilok Chand Agrawal | Director |
| Mr. Ram Chandra Sanghai | Director |
| Mr. Keshav Prasad Lamsal | Director |
| Mr. Ganesh Man Shrestha | Director |
| Mr. Aditya Kumar Agrawal | Director |
| Mrs. Bijaya Swar | Director |
Subsidiary Companies of NIC Asia Bank
Following is the subsidiary companies of NIC Asia Bank
| Particulars | Ownership |
|---|---|
| NIC Asia Capital Ltd | 100% |
| NIC Asia Laghubitta Bittiya Sanstha Ltd | 67.87% |
Merger and Acquisition
NIC Asia Bank Ltd is formed after the merger of NIC Bank Ltd with Bank of Asia Ltd on 30th June 2013.
Other Important Links
| EPS of Commercial Banks in Nepal. | Paid-up Capital of Commercial Banks in Nepal. |
| Non-Performing Loans (NPL) of Commercial Banks in Nepal. | Net Profit of Commercial Banks in Nepal. |
Frequently Asked Questions
a. What is the full form of NIC ASIA Bank?
= Nepal Industrial and Commercial Bank is the full form of NIC Asia Bank.
b. Who is the CEO of NIC ASIA Bank?
= The CEO of the NIC Asia Bank is Mr. Roshan K Neupane.
c. Head Office of the NIC Asia Bank?
= MIC Asia Bank is located at Trade Tower, Thapathali, Kathmandu.
d. Net Profit of NIC Asia Bank?
= As per the third quarter report of FY 2080/81, the net profit of the bank is Rs. 1.91 arba.
e. Non-performing Loan (NPL) of NIC Asia Bank?
= NPL of NIC Asia bank is 0.80%.
h. Phone Number of NICA Aisa Bank?
= +977-01-5111180 is the phone number of NIC Asia Bank.
g. Paid-up capital of NIC Asia Bank?
= Rs. 11.56arba is the paid-up capital of the bank.
h. Full form of NICA?
= The full form of NICA is NIC Asia Bank Ltd.
i. Symbol of NIC Asia Bank Ltd?
= “NICA” is the symbol of NIC Asia Bank Ltd.
Other Important Links
| Top 10 highest dividend paying stocks in Nepal. | 15+ Blue Chip Companies to invest in Nepal. |
| Top 10 Highest dividend paying Microfinance in Nepal. | 10 Highest Dividend Paying Banks in Nepal. |
Corporate Address
Trade Tower, Thapathali, Kathmandu
Phone Number: +977-01-5111180
Email: [email protected]