Open Close High Low Change
Fine.GLD10gm 49810 50070 50070 50070 260 (0.52%)
TJB.GLD.10gm 49555 49815 49815 49815 260 (0.52%)

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Today Market

11 May 2018

NIC ASIA BANK LIMITED NEPAL


INTRODUCTION

 

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 201 branches and 5 extension and 200 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.  Sources: NIC ASIA web portal

NIC ASIA has been lightning its brand all over the major places and spaces online, regards to capital market its stock prices are known for a stable and range bound volatility as a family of Banking sub Index.

 

Week Open: 338        

Week High: 343

Week Low: 332

Week Close: 338

Latest Dividend

Bonus Share

20 %

Cash Dividend

1.05 %

Year

2073/2074

Book Close Date

2017-09-01

 

 

Technically,

Trend: Bullish with price trading above Ichimoku cloud, golden cross on MA: 15, 20 and 50.

Hurdle: Penetrating price level of 339 for closing.

Support: 305 and 318 if downside pressure remains and breaks below 322 level.

Targets on resistance: 378.

 

It’s good to make an entry at pullbacks.