Kathmandu, March 7, 2025 - NIC Asia Bank Limited successfully conducted its 27th Annual General Meeting (AGM) on 22nd Falgun 2081 (March 6, 2025) at the Army Officers Club, Bhadrakali, Kathmandu. The meeting, which began at 9:00 AM, brought together shareholders, stakeholders, and key representatives to discuss the bank’s financial performance and strategic direction.
Addressing the AGM, Mr. Roshan Kumar Neupane, CEO of NIC Asia Bank, delivered an insightful presentation on the bank’s visionary plans and commitment to growth. He effectively addressed contemporary issues and responded to shareholders’ questions with clarity and determination, reinforcing the bank’s transparent and proactive approach to stakeholder engagement.
Adding to the discussion, Mr. Tulasiram Agrawal, Chairman and a key representative of the bank, emphasized NIC Asia’s consistent progress and reaffirmed the institution’s dedication to growth and development. He expressed gratitude to shareholders and stakeholders for their unwavering support and contributions to the bank’s journey.
Key Highlights and Decisions of the AGM:
1. Financial Highlights and Subsidiaries’ Reports: The financial performance of NIC Asia Bank for FY 2080/81, along with consolidated reports of NIC Asia Laghubitta Bittiya Sanstha Limited and NIC Asia Capital Limited, were thoroughly reviewed.
2. Appointment of Auditor: The AGM approved the appointment of the bank’s auditor for the next fiscal year.
3. Issuance of Perpetual Non-Cumulative Preference Shares: A strategic move to strengthen the bank’s capital base and prepare for future growth was endorsed.
4. Increment in Capital: The authorized and issued paid-up capital of the bank will see a significant increment, marking a step toward greater financial strength.
5. Amendment of Memorandum and Articles of Association: Necessary amendments were approved to align with regulatory requirements and operational goals.
This AGM not only underscored NIC Asia Bank’s robust financial health but also highlighted its forward-looking strategies to sustain its leadership in Nepal’s banking sector.
A Vision for Sustainable Growth
With a focus on innovation and stakeholder collaboration, NIC Asia Bank continues to set benchmarks in Nepal’s financial landscape. Under the leadership of CEO Roshan Kumar Neupane and a dedicated team, the bank is poised to achieve greater heights in the years ahead, fostering trust, transparency, and long-term value for its shareholders.
NIC Asia Bank remains steadfast in its mission to deliver excellence and innovation, solidifying its position as one of Nepal’s most prominent financial institutions.
