Corporate Social Responsibility
As a responsible corporate citizen of the country, the Bank has been involved in contributing to the society in various ways as a part of its Corporate Social Responsibility (CSR). In order to promote and focus on CSR activities the Bank has established a charitable foundation called NIC ASIA Foundation. The Bank has committed to pledge 0.5% of its net profit every year to the NIC ASIA Foundation for promoting various CSR related activities.
In the past, the NIC ASIA Foundation has carried out various activities including, but not limited to, distributing disaster relief packages to the victims of various disasters, contributing to the Prime Minister Relief Fund, organizing health camps, organizing blood donation camps, providing support to old age homes and orphanages, providing scholarships to the needy students, etc. A significant number of people have been benefitted, directly or indirectly, by the activities carried out by the Foundation. The Foundation plans to continue the same in the future as well.
Biratnagar Tree Plantation
National Banking Institute and NIC Asia Bank have signed a Memorandum of Understanding(MOU) to jointly launch “Financial Literacy” campaign as part of Banks CSR initiative.
NIC ASIA Bank and Nepal Red Cross Society Sign MOU for Blood Donation Camps
NIC ASIA Bank has sponsored two promising young cricketers.
Memorandum of understanding in this regard were signed between the cricketers, Raju Rijal, Prem Tamang, and Mr. Laxman Risal, Chief Executive Officer of the Bank amidst a function organized in the Bank on 01st Sept 2016. This sponsorship agreement was made possible with coordination of Cricket Players Association Nepal. Under this sponsorship, each player will receive a monthly stipend of Rs. 20,000 for next two years and additional support for their sports-kit.
Donation to Prime Minister Relief Fund (Nepal's Prime Minister Mr. Sushil Koirala at the center)
Donation to Child Orphanage