Kathmandu. NIC Asia Bank has entered its 25th year from today. In a period of 25 years, this bank has expanded banking services through 359 branch offices, 473 ATMs, 102 extended counters and 81 branchless banking across the country.

 NIC Asia Bank Limited has published the unrefined financial statement for the fourth quarter of the last financial year 2078/79. By the fourth quarter of the last financial year, the bank has net profit of more than 4.52 billion. According to the unrefined financial statement the net profit has increased by 38.86 percent compared to the same period of the previous financial year. Up to the fourth quarter of the previous year, the bank had Rs. It had made a net profit of more than 3 billion 25 million.

Last year, the operating profit of the company increased by 33.5 percent due to the decrease of 29 percent in impairment charge, thus the net profit increased. Previous year Rs. Impairment charge which is more than 1 billion 22 crore last year was Rs. It is only more than 87 crores. Operating profit last year was Rs. 4 billion 79 crores, last year Rs. It is more than 6 billion 40 million. The distributable profit of the bank till the last fourth quarter was Rs. It is more than 2 billion 24 million.

Currently Rs. 11 billion 564 million 5000 paid-up capital of this bank, the retained earnings of Rs. 3 billion 84 crores and in reserve fund Rs. More than 9 billion 74 million. Until the last fourth quarter, the bank's retained earnings increased by 140.44 percent and the reserve fund increased by 25.89 percent.

Last year the bank spent Rs. 2 trillion 89 billion 90 million deposits have been collected and Rs. More than 2 billion 52 million 44 million loans have been provided. This year, deposit collection increased by 1 percent, while lending increased by 1.48 percent. The non-performing loan which was zero.50 percent till the fourth quarter of the previous year has dropped to zero.49 percent last year. Until this period, the bank's earnings per share were Rs. 39.13 and net worth per share is Rs. It is 217.52. The bank has managed 20.30 percent liquidity till the last fourth quarter.