Kathmandu. Roshan Kumar Neupane has been the CHIEF Executive Officer (CEO) of NIC Asia Bank for seven and a half years. The bank’s 379th board meeting held on November 16, 2019 had appointed Neupane as the acting CEO of the bank. Neupane completed his first four-year tenure and became ceo for the second term from November 1, 2019.
Neupane, who entered the banking sector from the then Bank of Asia Nepal as the head of the Internal Audit Department, has been in charge of the leadership through various departments of the bank. Neupane, who is also a chartered accountant, has now lost the enthusiasm among the employees of NIC Asia when he became ceo.
About seven years ago, the bank’s condition was deteriorating and emerging, but now the situation of the bank has turned into disappointment in the middle of Neupane’s second term. Ceo Neupane’s comment that the slogan ‘Bank is also a friend’ is not a positive effect of CEO Neupane.
Neupane’s ill-intentioned expansion of loans in the race to make the bank a leader in his first term has now had a negative impact. Statistics and indicators have clearly shown that instead of giving energy to the bank, it is becoming more and more dull.
According to the financial statements published in the second quarter of the fiscal year 2074-75 BS, the bank’s non-performing loan ratio was 0.29 percent. After that, it has increased from 0.06 percent in the last quarter to 6.28 percent now.
This makes it clear that Neupane, ceo of NIC Asia Bank, is not only failing but also failing the bank.
NIC Asia Bank has reached the deal of crisis as it has not been able to recover the loans that were distributed in the past. Most of the banks have reduced the provision for loan losses, but this bank has increased.
It has been heard from within the bank that the bank is in crisis due to CEO Neupane. Neupane has not been able to recover the loans from those who have given loans in an arbitrary manner in the past. Apart from this, other managerial problems have also caused the crisis to the bank, the employees of the bank alleged.
Customers of NIC Asia Bank have started panicking despite the continuous weak financial statements in recent years. They have started expressing concern that the deposits kept in the bank will be drowned.
From social media to banking experts, what will we do if NIC Asia becomes weak? The question has begun to arise.
In the last few years, customers have been fed up with the failure of NIC Asia Bank in banking practice. Like the Karnali Development Bank, which was taken over by the Rastra Bank only a few months ago, this bank may also face the same situation. Nic Asia Bank’s financial statements confirm that it is weakening.
Nic Asia Bank’s profit has fallen sharply in the last financial year. The bank’s net profit declined by 76.97 percent to Rs 161.5 million. In the previous fiscal year, the bank had posted a net profit of Rs 701.4 million. Most of the banks’ profits have increased, but the profit of this bank has fallen drastically.
NIC Asia Bank has been in the grip of its past mistakes lately. Reliable sources say that the bank has not taken any initiative to improve.
The Rastra Bank is also silent in the remote position of NIC Asia Bank. Sources claim that the Rastra Bank has not been able to do anything to NIC Asia due to its political setting.
CEO Neupane has not taken responsibility for the failure. He has not been serious and has not even tried to be serious. The question of how long his incompetence will be faced by the bank and the bank’s customers has also started coming along with this.
