NIC ASIA Bank Launches Online Auction Portal for Non-Banking Assets
18th June 2025, Kathmandu
NIC ASIA Bank has launched a new online auction portal dedicated to selling non-banking assets. This step comes as banks and financial institutions face increasing amounts of bad loans and collateral assets. The new system aims to simplify the sale of such properties and increase transparency for buyers.
NIC ASIA Online Auction Portal
Rising Non-Performing Assets Challenge Banks
In recent years, the amount of bad loans in Nepal’s banking sector has grown significantly. As a result, collateral assets held by banks have also increased. Many banks struggle to sell these pledged properties. This issue affects banks’ ability to recover funds and maintain financial health.
NIC ASIA Bank recognizes this challenge. To address it, the bank has developed a dedicated digital platform for auctioning non-banking assets. The portal includes properties owned by the bank and assets held as collateral.
Features Of The New Auction Portal
The newly launched portal offers detailed information about properties available for auction. Customers can easily access the portal by scanning a QR code printed on auction notices. This QR code links directly to the auction portal.
Once inside, buyers can view essential details about each property. The portal displays plot numbers, land area, photos, and maps. Additionally, it provides Google Maps integration to locate properties precisely. This makes it easier for buyers to evaluate the assets before bidding.
Easy Communication For Interested Buyers
The portal also supports direct communication between buyers and the bank. Interested parties can use the message box on each property’s page. They fill in their full name, email address, phone number, and contact details. Through this system, buyers can request further information or clarify doubts quickly.
This feature improves customer service and allows buyers to make informed decisions before participating in the auction.
Regular Updates And Transparency
NIC ASIA Bank plans to update the portal regularly. It will list all banking and non-banking assets currently available for auction. The portal will also publish official announcements and other relevant information related to auctions.
This approach increases transparency. Potential buyers can stay updated about new auction opportunities and related news in real-time.
Impact On The Banking Sector
NIC ASIA Bank’s online auction portal is a significant step toward digitizing asset recovery. It helps the bank sell properties more efficiently and recover non-performing loans faster. The system also benefits buyers by providing clear and accessible information.
This innovation may encourage other banks in Nepal to adopt similar digital tools. As bad loans and collateral assets continue to rise, such platforms will play a vital role in strengthening the financial system.
Conclusion
By introducing the auction portal, NIC ASIA Bank demonstrates leadership in digital banking solutions. The portal simplifies the process of auctioning collateral properties. It also enhances transparency and convenience for buyers.
Overall, the bank’s new online platform supports better asset management and faster loan recovery. This will contribute positively to Nepal’s banking sector and help maintain financial stability.
For more:- NIC ASIA Online Auction Portal
