Shangrila Development Bank Donates NPR 7 Million to Prime Minister Natural Disaster Rescue Fund

1st September 2026, Kathmandu

Shangrila Development Bank Limited has contributed financial assistance to support search, rescue, emergency relief, long-term rehabilitation, and physical reconstruction following devastating flash floods along the Bhotekoshi River.

Shangrila Bank Flood Relief Donation

Financial Assistance and Funding Breakdown

Total Contribution: The bank deposited NPR 7 million (NPR 70 lakh) directly into the Prime Minister Natural Disaster Rescue Fund.

Institutional CSR Allocation: NPR 5 million (NPR 50 lakh) was funded under the bank corporate social responsibility (CSR) program.

Employee Support: NPR 2 million (NPR 20 lakh) was contributed through voluntary donations from bank employees.

Advertisement

Official Handover: Shangrila Development Bank Chief Executive Officer Suyog Shrestha formally handed over the contribution check to Finance Minister Dr. Swarnim Wagle.

Context and Community Commitment

Disaster Impact: The floods on Bhadra 10 along the Bhotekoshi River resulted in heavy loss of life, numerous missing persons, widespread displacement of families, and infrastructure damage estimated in the billions of rupees.

Institutional Sympathies: The bank expressed condolences to the families of deceased victims and extended sympathies to all affected communities.

CSR Track Record: Shangrila Development Bank highlighted its past track record of delivering financial, material, and humanitarian aid during national disasters, pledging to continue corporate social responsibility efforts in the future.

For More: Shangrila Bank Flood Relief Donation