Wednesday, March 22, 2023

Shrestha elected new president of DBAN

 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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