The second quarter financial report of NIC Asia Microfinance Financial Institution Limited has been published

Microfinance
KATHMANDU
NIC Asia Microfinance Institution Limited, a registered office in Jajarkot, a remote district of Karnali, and a corporate office in Banepa, Kavrepalanchok District, is a national level institution licensed by Nepal Rastra Bank. NIC Asia Microfinance Financial Institution has published its financial report for the second quarter of 2077/78. This organization By the second quarter of 2077/78, credit investment stood at Rs. 8.55 billion and Rs. The financial institution has succeeded to reach Rs.1.4 Financial institutions have been diversifying their credit investments according to their strategy.

The NPL ratio of the financial institution stood at 0.96% and earnings per share stood at Rs. 21.59 during the quarter. Similarly, the company has earned a net profit of Rs 15.97 crore in the second quarter. Similarly, the company has earned a net profit of Rs 15.97 crore in the second quarter. In addition, the institution has already signed the final agreement to merge with the indigenous microfinance on 2077-09-10. A strong, capable and reliable microfinance company with the largest branch network in the country and a paid up capital with an action plan to conduct integrated transactions in the name of NIC Asia Microfinance Financial Institution Limited after the merger by completing all the work related to the merger will be established as a financial institution.

NIC Asia Microfinance Financial Institution Limited operates a total of 120 branches in Karnali, including remote hilly and mountainous districts of the country, while Swadeshi Microfinance Financial Institution Limited operates 85 branches across Nepal. After the merger, the total number of branches will be 205 branches.
Published Date : January 31, 2021

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