NIC ASIA Bank was established on July 21, 1998, as Nepal Industrial and Commercial Bank Limited and later rebranded after a merger with Bank of Asia Nepal in 2013. It has since grown to become one of the largest commercial banks in the country in terms of balance sheet size, branch network, and customer base. The bank's mission is to be the "Bank of First Choice" for all stakeholders by providing superior financial solutions and services through innovation and technology. It caters to a diverse clientele, including individuals, small and medium-sized enterprises (SMEs), and large corporations, with a wide array of products like deposits, loans, digital banking, trade finance, and treasury services.