NIC Asia Bank bags 'Bank of the Year-Nepal 2013' award

NIC Asia Bank has received the prestigious ‘Bank of the Year 2013- Nepal’ award from The Banker -Financial Times Publication, London.

Director of the bank Lokmanya Golchha and chief executive Sashin Joshi received the Award trophy and Certificate of Merit at the ceremony held at the Hotel Intercontinental, Park Lane, London yesterday.

The judging panel from The Banker magazine chose NIC Asia Bank as the winner of Bank of the Year in Nepal.
‘Bank of the Year ’ is the world’s longest running international banking title that is a testament to the strong management, sound business model and prudent risk approach of the winner Bank.

Earlier, NIC Bank was also awarded with Bank of the Year-Nepal in 2007.

The award was announced by The Banker during its annual award hosting ceremony, where most of the winning banks from 130 countries across the globe were present. The award was announced and presented by the Editors of The Banker Magazine and Michael Buerk-former BBC Correspondent.

Formed after the merger of two class 'A' commercial banks, NIC Asia Bank is now amongst the largest private sector commercial banks in the country in terms of capital base, balance-sheet size, branch/ATM network, customer base and employees.

The bank now has 53 branches and 50 ATMs which is being expanded to a total of 66 branches within one year.