Chief executive officer of Citizens Bank International Rajan Singh Bhandari was elected as the president of Nepal Bankers' Association (NBA) today. He succeeded chief executive of Himalayan Bank Ashoke Sumsher JB Rana.
Bhandari, who is a former employee of central bank, has been serving Citizens Bank International since its inception in April 2007. Currently, the bank has a network of 14 branches in Kathmandu valley and 18 outside the valley.
According to Nepal Bankers Association's rule, the president and other executive members are elected every alternate year. It has a 13-member executive committee including two vice presidents, eight members and two advisors.
The executives include Upendra Poudel as vice president. After Bhandari, who was vice president, has been elected to president, one vice president's post is vacant, which will be filled in a week.
Similarly, the other eight executive committee members are chief executive of Nabil Bank Anil Gyawali, chief executive of Janata Bank Bijaya Pant, chief executive of Century Commercial Bank Ganesh Kumar Shrestha, managing director of Kist Bank Kamal Prasad Gnawali, chief executive of Civil Bank Kishore Maharjan, chief executive of Rastriya Banijya Bank Krishna Prasad Sharma, chief executive of Standard Chartered Bank Nepal Joseph Silvanus and chief executive of NIC Bank Sashin Joshi.
Chairman of Nepal Investment Bank Prithivi Bahadur Pande has been nominated as advisor. The post for the other advisor is vacant.