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NIC Asia Bank to Establish Micro-finance Company

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NIC Asia Bank to Establish Micro-finance Company
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July 20: NIC Asia Bank is preparing to establish micro-finance company at Jajarkot. The bank made such announcement during its 20th anniversary held at Hotel Annapurna on July 19.

The micro-finance company will be established with the objective of providing financial service even in rural areas of the Nepal.

CEO Laxman Risal claimed that NIC Asia Bank is the only bank in Nepal to get ISO certificate in 2001 and added that it recently got the best quality credit rating (ICRA NP-IR, A) from ICRA Nepal LTD.

On the occasion, the company also handed Rs 25,000 to Nepal Journalists Association as financial support as per its corporate social responsibility.

Operating with the tagline of “Bank Pani Sathi Pani”, the bank is providing financial service through 119 branches, four extension counters, 70 ATM outlets and around 4,000 remittance counters. The bank said it will continue to open new branches and counters with the aim to reach every geographical area of the country. 

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