Vibor Capital welcomes new shareholders; Lumbini Bikas Bank dilutes majority of shares

Lumbini Bikas Bank has diluted majority of its shares in Vibor Capital. The agreement was signed between the promoting company Lumbini Bikas Bank with the new investors following which the new board has been formed effective from Shrawan 14, 2075. The newly revised board constitutes Mr. Tulsi Prasad Upreti as the new chairman and Mr. Adarsha Raj Pandey from the new investor group while Mr. Dipak Khadka and Mr. Hari Krishna Subedi from the Lumbini Bikas Bank.

Chairman Mr. Upreti has more than 30 years of experience with financial sector including that of Executive Director at NRB, several BFIs. Similarly, the merchant banker also appointed Mr. Saurab Timalsina as its new CEO who has his higher education in finance management from USA and Thailand.