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NIC Asia bags 'Bank of the Year' award

Director of NIC Asia Bank Lokmanya Golchha and CEO Sashin Joshi, receiving the 'Bank of the Year' award, in London, on Thursday.

HIMALAYAN NEWS SERVICE

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

It is the world’s longest running international banking title and is a testament to the strong management, sound business model and prudent risk approach of the winning bank.

Earlier, NIC Bank bagged the award in 2007.

The award was announced by The Banker during its annual award hosting ceremony on November 28, in London. The event was attended by winning banks from 130 countries from across the globe. The award was announced and presented by the editors of The Banker magazine and former BBC correspondent Michael Buerk.

Director of NIC Asia Bank Lokmanya Golchha and chief executive officer of the bank Sashin Joshi, received the trophy and ‘Certificate of Merit’ at the ceremony. After the merger of two class ‘A’ commercial banks, NIC Asia Bank is now among the largest private sector commercial banks in the country in terms of capital base, balance-sheet size, branch/ATM network, customer base and employees.

NIC Asia Bank, at present, has 53 branches and 50 ATMs, and has plans to expand its network to 66 branches within a year.

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