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NIC Asia to Issue 100:15 Right Shares

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NIC Asia to Issue 100:15 Right Shares
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March 13: NIC Asia Bank is issuing 100:15 right shares to its existing shareholders. The bank will be issuing 8,729,475 right shares with the face value of Rs 100 on March 29 to close on May 2.

The registered shareholders by March 19 can apply for the right shares. The bank has appointed Civil Capital as its Issue Manager. Interested shareholders can submit their share application from all the branches of NIC Asia. The paid-up capital of the bank is Rs 5.81 billion at present which will increase to Rs 6.69 billion after the right share issuance.

The bank earned net profit Rs 721.4 million in the second quarter of the current FY. Similarly, its operating profit increased by 23.98 per cent to Rs 763.7 million. The bank has been able to recover Rs 328.3 million bad debt in the second quarter. The bank has EPS of Rs 24.8 and liquidity ratio of 23.1 per cent. 

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