Kathmandu, Mar. 17
Suyog
Shrestha, Chief Executive Officer of Shangri-La Development Bank, has been
elected the president of Development Bankers Association of Nepal (DBAN).
Seventh
Annual General Meeting of DBAN held in Chitwan on Friday unanimously elected
him and other office bearers of the organisation, a statement issued by DBAN
read.
The AGM
elected Bodhraj Devkota, CEO of Mahalakshmi Development Bank, to the post of
vice president, Ram Kumar Giri, CEO of Indus Development Bank, to secretary and
Naresh Singh Bohra, CEO of Lumbini Development Bank, to the post of treasurer.
Likewise,
Prakash Paudel, CEO of Shine Resunga Development Bank, Shri Chandra Bhatta, CEO
of Jyoti Bikas Bank, and Dr. Indra Kattel, CEO of Excel Development Bank, are
elected as working committee members.
The newly
elected working committee officials took the oath of office on Friday itself.
Outgoing
President of DBAN Pradyuman Pokharel said that the banking sector is currently
going through a very difficult situation due to various factors including the
COVID-19, Russia-Ukraine war and rising inflation. He stressed the need for making
risk management more effective and customer service more agile.
Newly
elected president Suyog Shrestha expressed his commitment to work for the
rights and interests of development banks with the help of all.
"Today's
development banks are similar to yesterday's commercial banks from the business
perspective. Even though the number of development banks has come down to 17
from 90, it is our achievement that they have been able to maintain their
market share," he said.
Published in The Rising Nepal daily on 18 March 2023.
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