About Nic asia bank
NIC ASIA Bank: A Leading Private-Sector Commercial Bank in Nepal
NIC ASIA Bank is a leading private-sector commercial bank in Nepal that has been providing banking services to its customers for over two decades. The bank was established in 1998 as Nepal Indosuez Bank Ltd., a joint venture between Nepalese and French investors. In 2007, the bank was rebranded as NIC ASIA Bank after the acquisition of majority shares by Nepalese investors.
Today, NIC ASIA Bank is one of the largest private-sector commercial banks in Nepal in terms of capital base, number of branches, ATM network, and customer base. The bank has a strong presence across the country with over 300 branches and more than 600 ATMs. It offers a wide range of banking products and services to its customers including personal banking, corporate banking, SME banking, microfinance, remittance services, and more.
Personal Banking
NIC ASIA Bank offers various personal banking products and services to meet the financial needs of individuals. These include savings accounts with attractive interest rates, fixed deposit accounts with flexible tenures ranging from one month to five years or more depending on customer requirements.
The bank also provides loans for various purposes such as home loans for buying or constructing homes or apartments; auto loans for purchasing new or used vehicles; education loans for pursuing higher education; personal loans for meeting unexpected expenses; credit cards with attractive rewards programs; debit cards that can be used at ATMs or merchant outlets worldwide.
Corporate Banking
NIC ASIA Bank provides comprehensive corporate banking solutions to businesses across different sectors such as manufacturing industries, trading companies, service providers among others. The bank offers customized solutions based on specific business requirements such as working capital finance facilities like overdrafts or cash credits; term loan facilities like project finance or equipment finance; trade finance facilities like letters of credit (LCs) or guarantees among others.
SME Banking
Small and medium-sized enterprises (SMEs) are an important segment that contributes significantly to economic growth in Nepal. NIC ASIA Bank recognizes this fact and provides specialized SME banking solutions tailored to meet their unique needs such as working capital financing through overdrafts/cash credits/term loans/letter-of-credit-based limits etc.; trade financing through LC/guarantee/bill discounting etc.; investment financing through project finance/equipment leasing/hire purchase etc.; advisory services related to business planning/marketing strategy/financial management/taxation/legal compliance etc.
Microfinance
Microfinance is another important area where NIC Asia has made significant contributions towards financial inclusion by providing access to credit facilities at affordable rates especially targeting low-income households living below poverty line who have limited access formal financial institutions due lack collateral security required by traditional banks .The microfinance program offered by NIC Asia includes group lending schemes where members pool their resources together under joint liability arrangements which helps them build up savings while repaying their loan installments regularly without defaulting thereby improving their creditworthiness over time .
Remittance Services
Remittance Services are an integral part of any modern-day commercial banks' offerings especially given the large number Nepali migrant workers abroad who send money back home regularly .Nic Asia's remittance service allows customers receive money from abroad quickly ,easily & securely via SWIFT transfers ,Western Union Money Transfer & other channels .
Conclusion:
In conclusion,NIC Asia is one of the most trusted names when it comes private sector commercial banks operating within Nepal .With its extensive branch network ,wide range product offerings & commitment towards innovation & technology adoption it continues remain relevant even amidst stiff competition from other players within industry .Whether you're looking save your hard earned money earn interest on deposits ,take out loan buy dream car/home/business expansion plans - Nic Asia has got covered !