NIC Asia Bank Ltd.(NICA)

Trade Tower, Thapathali Kathmandu, Nepal; Ph: 977-1-5111177/5111179

RTS: NIC ASIA Capital Limited
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Financial Highlights (4th quarter, 2074/075)

Earning Per Share
18.94
Net Asset Per Share
316
Net Worth Per Share
154.15
Paid up Capital(Rs in '000')
8031117
Reserve and Surplus(Rs in '000')
3234188
Operating Profit(Rs in '000')
1570707
Net Profit(Rs in '000')
1190929
Price Earning Ratio
16.68
Liquidity Ratio
23.84
Fiscal YearBonus ShareCash Dividend
Sector
Commercial Bank
Operation Date
NA
Listed Status
Yes
Face Value
97
Listed Share
66925974
Market Capitalization

NIC ASIA Bank has its antecedents in NIC Bank which was established on 21st July 1998. The Bank was rechristened as NIC ASIA Bank after the merger of NIC Bank with Bank of Asia Nepal on 30th June 2013. This was a historic merger in the annals of Nepalese financial landscape as the first of its kind merger between two successful commercial banks in the country. Today, NIC ASIA has established itself as one of the most successful commercial banks in Nepal.

During the post-merger integration phase, NIC ASIA managed the transition very smoothly receiving accolades from the regulators as well as the stakeholders, paving the way for other mergers and consolidation in the Nepalese financial sector. 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.

NIC ASIA Bank is now, one of the largest private sector commercial banks in the country in terms of capital base, balance-sheet size, number of branches, ATM network and customer base. The Bank has 112 branches and 70 ATMs across Nepal with a network covering all major financial centers of the country. The Bank strongly believes in Meritocracy, Transparency, Professionalism, Team spirit and Service Excellence. These core values are internalized by all functions within the Bank and are reflected in all actions the Bank takes during the course of its business.

Contact Information
Address
Trade Tower, Thapathali Kathmandu, Nepal
Phone
977-1-5111177/5111179
E-Mail
info@nicasiabank.com
In Thousands1st Quarter4th Quarter3rd Quarter2nd Quarter
(except for per share items)2074/0752073/0742073/0742073/074
Share Capital 8031117 6692597 6357991 5819650
Reserve Surplus 2362661 3490236 3064953 2647956
Noncontrolling Interest - - - -
Debenture Bond 500000 500000 500000 500000
Loans Borrowing 4416130 500000 - 1550000
Deposit Liability 103653534 86697140 79061097 79071616
Domestic Currency 102012542 85288239 77367351 76914599
Foreign Currency 1640992 1408901 1693746 2157017
Bills Payable - - - -
Proposed Dividend - - - -
Income Tax Liability 185800 0 - 30404
Other Liabilities 1320971 1349754 1438794 1191679
Non Controlling interest - - - -
Total Liabilities 120470168 99229727 90422835 90811305
Cash Balance 15859782 13741579 9391118 8182626
Balance with NRB - - - -
Balance with Banks or Financial Institutions - - - -
Money at call and Short Notice 0 0 - 106264
Investments 13841538 11511751 11497134 13766399
Loan Advances 86741927 71583360 67254521 66422745
Real Estate Loan 4185492 3708648 3381765 3386928
Residential Real Estate Loan 2274595 2051257 1673398 1672783
Business Complex and Residential Apartment Construction Loan 274391 173746 177054 227238
Income Generating Commerical Complex Loan 329984 195573 213380 180641
Other Real Estate Loan 1306523 1288072 1317933 1306266
Personal Home Loan of Ten Million or Less 12589053 11722437 11150131 10787645
Margin Type Loan 2247090 1949205 2271345 3049680
Term Loan 10916324 8545710 7334370 6872184
Overdraf or TR Loan or WC Loan 35981455 29310190 28157681 27594640
Other 20822511 16347170 14959229 14731668
Fixed Assets 1128883 1039709 889211 833102
Non Banking Assets 0 0 - -
Other Assets 2898038 1353329 1390851 1500169
Total Assets 120470168 99229727 90422835 90811305
In Thousands
Share Capital
Reserve Surplus
Noncontrolling Interest
Debenture Bond
Loans Borrowing
Deposit Liability
Domestic Currency
Foreign Currency
Bills Payable
Proposed Dividend
Income Tax Liability
Other Liabilities
Non Controlling interest
Total Liabilities
Cash Balance
Balance with NRB
Balance with Banks or Financial Institutions
Money at call and Short Notice
Investments
Loan Advances
Real Estate Loan
Residential Real Estate Loan
Business Complex and Residential Apartment Construction Loan
Income Generating Commerical Complex Loan
Other Real Estate Loan
Personal Home Loan of Ten Million or Less
Margin Type Loan
Term Loan
Overdraf or TR Loan or WC Loan
Other
Fixed Assets
Non Banking Assets
Other Assets
Total Assets
In Thousands1st Quarter4th Quarter3rd Quarter2nd Quarter
(except for per share items)2074/0752073/0742073/0742073/074
Interest Income 2506559 6900711 4664766 2695903
Interest Expenses 1909638 4362483 2822208 1542056
Net Interest Income 596921 2538228 1842558 1153847
Fees Commission and Discount 48878 144772 105655 75923
Other Operating Income 178952 572857 400005 243833
Foreign Exchange 71286 184896 136169 88740
Total Operating Income 896038 3440753 2484387 1562343
Staff Expenses 220381 848537 583865 375877
Operating Profit Before Provision 538639 1846293 1426549 897536
Provision for Possible Losses 181441 151355 105263 133786
Operating Profit 357198 1694939 1321286 763750
Non Operating Income 19895 34778 25455 55060
Write Back Provision for Possible Losses 60845 427938 400795 328336
Profit from Regular Activities 437938 2157655 1747536 1147146
Extra Ordinary Income 0 151830 41380 -13511
Profit Before Bonus and Taxes 437938 2309484 1788916 1133635
Provision for Staff Bonus 39813 209953 162629 103058
Provision for Income Tax 119438 629859 487886 309173
Non Controlling Interest - - - -
Net Profit and Loss 278688 1469672 1138401 721404
Captila Fund to RAW 12.08 13.95 13.69 12.45
Non Performing Loan to Total Loan 0.29 0.36 0.46 0.72
Total loan loss Provision to Total NPL 438 371 306.65 220.92
Cost of Fund as per NRB Directive 8.03 6.07 5.29 4.49
Credit to Deposit Ratio as Per NRB Directive 77.58 76.34 78.26 78.4
Base Rate 10.78 11.27 10 7.39
Average Yield on Loans and Advance and Investment as Per NRB Directive 11.02 12.35 3.53 7.5
Net Interest Spread as Per NRB Directive 3.47 3.39 8.42 3.32
Other Operating Expenses 137018 745922 473973 288930
ROE 10.44 17 - -
ROA 0.9 1.6 - -
Liquidity Ratio 22.38 25.79 - -
EPS 13.51 22 - -
PE Ratio 27.75 20.26 - -
Net Worth Per Share 129.42 152.15 - -
Assets Per Share 1500.04 1482.68 - -
In Thousands (except for per share items)
Interest Income
Interest Expenses
Net Interest Income
Fees Commission and Discount
Other Operating Income
Foreign Exchange
Total Operating Income
Staff Expenses
Operating Profit Before Provision
Provision for Possible Losses
Operating Profit
Non Operating Income
Write Back Provision for Possible Losses
Profit from Regular Activities
Extra Ordinary Income
Profit Before Bonus and Taxes
Provision for Staff Bonus
Provision for Income Tax
Non Controlling Interest
Net Profit and Loss
Captila Fund to RAW
Non Performing Loan to Total Loan
Total loan loss Provision to Total NPL
Cost of Fund as per NRB Directive
Credit to Deposit Ratio as Per NRB Directive
Base Rate
Average Yield on Loans and Advance and Investment as Per NRB Directive
Net Interest Spread as Per NRB Directive
Other Operating Expenses
ROE
ROA
Liquidity Ratio
EPS
PE Ratio
Net Worth Per Share
Assets Per Share
DateFiscal YearDurationTitle
DateQuantityRateAmount
DateCloseVolumeAmount
SNTraded DateLast PriceMkt Cap (Mil)
1Dec 06, 201839427,468.89
2Dec 24, 20154018,023.34
3Dec 06, 201831518,246.11
4Dec 06, 201829920,444.13
5Dec 06, 201830520,819.66