Shangri-La Development Bank Signs Partnership Agreement with Tranquility Spa

5th August 2026, Kathmandu

Shangri-La Development Bank Limited has officially entered into a commercial partnership agreement with Tranquility Spa across Nepal.

Shangri-La Bank Partnership Agreement

This strategic alliance aims to deliver exclusive discount offers on various spa and beauty treatments for both bank account holders and internal workforce members nationwide.

By extending benefits beyond standard financial services, the development bank continues to focus on enhancing customer loyalty, promoting holistic employee wellness, and delivering non-banking lifestyle advantages to its growing community.

Overview of Strategic Discount Structure

The formal agreement establishes a structured discount framework tailored specifically for two distinct groups, namely bank employees and bank account holders.

Under the terms specified in the memorandum of understanding, employees of Shangri-La Development Bank will receive a twenty-five percent discount on individual personal spa treatments.

In addition, staff members are entitled to a fifteen percent discount on personal beauty services provided by Tranquility Spa outlets across the nation.

At the same time, individual customers maintaining active accounts with Shangri-La Development Bank will enjoy a twenty percent discount on personal spa services.

Account holders will also receive a fifteen percent discount on personal beauty treatments.

This dual tier privilege system ensures that both internal stakeholders and valued account holders receive meaningful value from the newly established collaboration.

Official Signing Ceremony and Key Signatories

The partnership agreement was formally executed during an official ceremony attended by senior leadership representatives from both organizations.

On behalf of Shangri-La Development Bank, Senior Deputy General Manager Apoorva Prasad Joshi signed the document.

Representing Tranquility Private Limited, Learning and Development Manager Nirmala Bhochhibhoya signed the memorandum.

The corporate partnership officially came into effect in Shrawan 2083 and will remain active for a duration of two full years.

During this two year operational period, eligible customers and employees can access discounted wellness treatments by presenting valid bank identification or active account credentials at participating Tranquility Spa locations nationwide.

Corporate Philosophy and Customer Centric Services

Senior management at Shangri-La Development Bank emphasized that the collaboration forms part of a broader corporate strategy designed to create non-financial value for its stakeholder base.

In recent years, domestic financial institutions have increasingly sought out strategic brand partnerships with healthcare, hospitality, and retail vendors to build comprehensive loyalty ecosystems.

By linking banking relationships with personal wellness and lifestyle perks, Shangri-La Development Bank aims to deepen client engagement while encouraging self-care among its workforce.

Bank representatives expressed confidence that the discounted access to high quality spa and beauty treatments will serve as an attractive lifestyle perk for existing account holders while encouraging new clients to open accounts with the financial institution.

Institutional Reach and Financial Standing

Shangri-La Development Bank Limited operates as one of the prominent national level development banks in Nepal, maintaining an extensive physical presence across all major urban and semi-urban centers.

The bank currently delivers comprehensive financial solutions through a network of 109 branch offices and 30 automated teller machines spread across the nationwide territory.

In addition to expanding its physical branch footprint and digital banking platforms, the institution maintains an unyielding focus on maintaining high standards of corporate governance, structured risk management practices, and robust internal control systems.

Bank leadership reaffirmed its dedication to introducing innovative financial products, strengthening corporate integrity, and continuously expanding value added offerings to meet the evolving expectations of modern banking consumers in Nepal.

Promoting the Growing Wellness Sector in Nepal

The alliance between a major financial institution and a premier wellness vendor also highlights the growing importance of personal care and wellness services in Nepal.

Tranquility Spa has established a strong reputation as a trusted provider of therapeutic body massages, skin treatments, and holistic beauty services.

By partnering with established corporate brands like Shangri-La Development Bank, the wellness vendor broadens its customer access while promoting healthy lifestyle habits across the broader urban populace.

As corporate workplaces increasingly focus on occupational health and stress management, providing corporate discounts for therapeutic spa treatments offers practical support for staff well-being.

Summary of Key Partnership Terms

• Partnering Institutions: Shangri-La Development Bank Limited and Tranquility Private Limited
• Staff Benefits: Twenty-five percent discount on personal spa services and fifteen percent discount on personal beauty services
• Customer Benefits: Twenty percent discount on personal spa services and fifteen percent discount on personal beauty services
• Signing Representatives: Senior Deputy General Manager Apoorva Prasad Joshi for the bank and Learning and Development Manager Nirmala Bhochhibhoya for the spa company
• Effective Tenure: Two years commencing from Shrawan 2083
• Operational Footprint: Shangri-La Development Bank serves customers nationwide through 109 branch offices and 30 ATMs

Strategic Financial Market Outlook

Looking ahead, Shangri-La Development Bank intends to continue leveraging strategic partnerships to build a holistic suite of customer perks that complement its core financial offerings.

As competition within the Nepalese financial sector intensifies, institutions that successfully offer superior customer service alongside tangible lifestyle rewards are well positioned to strengthen brand loyalty and maintain sustainable market growth.

The long term partnership with Tranquility Spa reflects this forward looking orientation, aligning corporate growth with customer satisfaction and employee welfare.

For More: Shangri-La Bank Partnership Agreement