Kathmandu. NIC Asia Bank has done business growth in one year which it has not done in 16 years. The deposit of NIC Asia Bank was Rs. 83 billion in FY 2073/74. Even after 16 years of its establishment, the bank had not been able to increase its deposit to Rs 100 billion. The bank managed to increase the deposit size to Rs. 181 billion in the fiscal year 2074/75.

NIC Asia's deposits reached Rs 180 billion in 2075/76 and Rs 210 billion in 2076/77. In the fiscal year 2077/78, it reached 3 trillion. In FY 2077/78 alone, NIC Asia Bank managed to increase its deposits by Rs. 90 billion.

NIC Asia Bank, which had a deposit of Rs 83 billion in 16 years. It has managed to increase its deposits to Rs 90 billion a year. Some of the banks have not been able to conduct business in the last fiscal year since its inception. NIC Asia Bank has increased its market share due to aggressive business expansion.

The share of NIC Asia Bank in total deposits with banks was 4.14 percent in FY 2073/74. As of mid-July 2078, NIC Asia's share in total deposits has reached 7.14 percent. NIC Asia Bank has managed to increase its share in bank deposits by 3 percentage points in 5 years.

NIC Bank was established in the year 2055 BS and merged with the then Bank of Asia on 16 July 2070 BS to become NIC Asia Analyzing the data from the time of establishment of the bank, it is seen that the business has increased rapidly in the last five years.

At the time of establishment in 1998/99, the bank's deposit was 430 million. Banks established with NIC have not yet been able to increase their deposit size to Rs 100 crore. NIC Asia Bank has managed to increase the deposit size to Rs 3 trillion even though some have reached Rs 100 crore.