October 8: Nabil Bank has appointed Upendra Poudyal as the bank’s chairman effective from October 6.

Nabil Bank said in a statement that Poudyal has been serving as the director of the bank since 1st December 2017.

Poudyal will take the place of outgoing chairman Shambhu Prasad Poudyal, who completed his four-year term on October 3, 2020.

The current chairman started his banking career in 1986 when he joined Nepal Grindlays Bank.

 He later engaged himself in NMB Finance and led the company as CEO, says the  statement.

“He played crucial role in upgrading NMB Finance to a commercial bank and served as CEO of the NMB Bank till 2017. 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 statement added.

 Poudyal also represents the Asia pacific region of the Global Alliance for Banking on Values (GABV), with its headquarters in the Netherlands.

GABV is a network of banking leaders from around the world committed to advancing positive change in the banking sector. According to the statement, the collective goal of GABV is to change the banking system so that it is more transparent, and supports economic, social and environmental sustainability.

Nabil Bank further said it is confident that bank will progress to new heights of success under the able leadership of Poudyal as its chairman.