NIC Asia Bank

About

NIC ASIA Bank was founded as Nepal Industrial and Commercial Bank on 21 July 1998. It was renamed NIC ASIA Bank on 30 June 2013 after it merged with Bank of Asia. The merger was the first between of two commercial banks in the Nepalese Banking history. After the merger, NIC ASIA was recognized as "Bank of the Year 2013-Nepal" by The Banker, Financial Times, UK. This is the second time that the bank was recognized with this prestigious award, the previous occasion being in 2007. The Bank has successfully completed its 21 years of operation. The company has currently the following wholly owned subsidiaries: NIC Asia Capital Limited and NIC Asia Laghubittiya Sanstha limited. The NIC Asia Bank operation covers Finance. Its headquarters and primary operations are based in Kathmandu. Nepal's largest commercial bank by total deposits after multiple mergers. NIC Asia's extensive branch network and digital banking services reach Nepali customers from Terai towns to mountain district headquarters. Profile compiled from public sources including Wikipedia's article on NIC ASIA Bank (accessed July 2026).