Kathmandu, August 29
NIC Asia Bank’s Board Meeting held on August 28 has decided to provide Rs.10 (10%) per share stock dividend amounting Rs 883 million and Rs 11.0526 (11.0526%) cash dividend (including dividend tax) amounting Rs 976 million to its shareholders for the fiscal year 2075/076, subject to approval of Nepal Rastra Bank and the bank’s upcoming 22nd Annual General Meeting.
Despite the challenging scenario of liquidity in banking sector, the NIC Asia has successfully earned earning per share (EPS) and return on equity (ROE) of Rs. 34.22 and 22.73% respectively during the last fiscal year.
NIC Asia currently provides its services to its wide customer base from its 297 branches, 349 ATM outlets, 58 extension counters and 41 branchless banking units throughout the country. The bank in operation with about 1.8 million customers has shown exciting sign in major financial indicators.
The bank, being very accountable towards the society has already paid around NPR 10.8 billion direct tax and indirect tax to the Nepal Government since the establishment. The Bank has placed due focus on Government’s policy of financial inclusion and it has been expanding its branches in the remote districts such as Mugu, Kalikot, Bajhang, Rukum, Jumla and Salyan where reach of banks and financial institutions are least as well as in 34 local bodies where no other Banks and financial institutions had reached in the past.
