Nabil Bank welcomes Mr. Upendra Paudel as new chairman with 30 years plus banking experience; sees off its veteran former chairman and BoD with due respect

Effective from Ashoj 20, 2077, Nabil Bank has appointed Mr. Upendra Poudyal as the Chairman of the Bank. Mr. Poudyal has been serving as the Director of the Bank since 1st December 2017. He joined Nepal Grindlays Bank to start his banking career in 1986. He engaged himself in NMB Finance and led the company as CEO. He played crucial role in upgrading NMB Finance to a commercial Bank and served as CEO of the NMB Bank till 2017. Mr. Poudyal is an established leader in the Banking sector of Nepal with experience of more than 30 years as a successful banker and former President of Nepal Banker’s Association.

The four-year tenure of the two Directors representing the Public Shareholders on the Board of Nabil Bank Limited came to an end on 3rd October 2020.

Mr. Shambhu Prasad Poudyal, a legendary personality in the banking industry of Nepal, served as Chairman of Nabil Bank Limited till 3rd October 2020. He was appointed as Chairman of the Bank on 3rd May 2015. The Board praised his contribution with very high regard. Mr. Poudyal commenced his career at Nepal Rastra Bank. He joined Nabil Bank as Board of Directors on 9th February 1986 representing public shareholders of the Bank. He completed the 6 tenors as the Director of the Bank and contributed for the total period of 25 years in the Board of the Bank.

The Bank acknowledges his continuous guidance to the management of the Bank to bring the Bank at the level of the leading Bank in the country and maintain these positions for many years while serving as Director and Chairman. His tireless efforts to lead the Bank to unprecedented success through the years prove his great personal abilities, dedication, energy, and commitment to the success of the Bank.

Similarly, Mr. Dayaram Gopal Agrawal also completed his tenure as Board of Directors representing the public shareholders on the same date, 3rd October 2020. Mr. Agrawal served the Bank in the capacity of the Board of Directors for more than 26 years. He was first elected as Board of Directors representing public shareholders in 31 August 1994. Thereafter, he was re-elected as Board of Directors in the years 1999, 2004, 2008, 2012, and 2016 and completed all his tenures as a very successful director. His vast knowledge of business, devotion, high level of integrity, and desire to make the Bank, the Best Bank of the nation has brought the Bank to where it stands today.

The entire Bank expresses its gratitude for their invaluable contributions and wishes great success in their future endeavors.