17th December 2024, Kathmandu
Santosh Koirala, CEO of Machhapuchchhre Bank, is the new President of the Nepal Bankers’ Association (NBA). He was elected unanimously after Ashok Sherchan, CEO of Prabhu Bank, withdrew from the race.
Nepal Bankers’ Association Election Results
Surendra Raj Regmi Becomes Vice President
In addition to Koirala’s election, Surendra Raj Regmi, CEO of Global IME Bank, has been appointed Vice President. Regmi, who faced no opposition, will now contribute to the association’s growth and strengthen its role in Nepal’s banking sector. His leadership will be crucial as the NBA navigates the challenges of the evolving financial landscape.
Three New Members Join the NBA Executive Committee
Along with the President and Vice President, the NBA has also elected three new members to its executive committee:
Tilkaraj Pandey, CEO of Nepal Bank
Ramchandra Khanal, CEO of Kumari Bank
Sudesh Khaling, CEO of Everest Bank (returning member)
These additions will help the NBA continue to build on its successes and support the development of the banking sector in Nepal.
Appointments to be Confirmed at the 38th AGM
The official confirmation of the newly elected members will take place at the 38th Annual General Meeting (AGM) of the NBA, scheduled for December 18, 2025. During this meeting, the leadership team will present their vision for the future, focusing on the NBA’s goals and objectives moving forward.
New Leadership Ready to Tackle Banking Challenges
The NBA’s new leadership, with Koirala as President and Regmi as Vice President, is poised to address the challenges faced by the banking sector. Their combined expertise and vision will help strengthen the role of commercial banks in Nepal and drive the financial industry towards greater growth and stability.
Complete List of NBA Executive Committee Members
The newly formed NBA Executive Committee includes the following members:
Santosh Koirala (Machhapuchchhre Bank Ltd.) – President
Surendra Raj Regmi (Global IME Bank Ltd.) – Vice President
Ashok Sherchan (Prabhu Bank Ltd.) – Member
Nischal Raj Pandey (Sanima Bank Ltd.) – Member
Ram Chandra Khanal (Kumari Bank Ltd.) – Member
Sanjeev Manandhar (Prime Commercial Bank Ltd.) – Member
Sudesh Khaling (Everest Bank Ltd.) – Member
Sundar Prasad Kadel (Siddhartha Bank Ltd.) – Member
Tilak Raj Pandeya (Nepal Bank Ltd.) – Member
Additionally, Sunil K.C., the outgoing President, will remain as an ex-officio member. Ashoke SJB Rana and Gyanendra Prasad Dhungana, former Presidents, will serve as Advisors to the Executive Committee.
The NBA is set for a promising future with this new leadership team. Their collective experience and vision will guide the association and contribute to Nepal’s banking sector’s continued growth and success.
For more: Nepal Bankers’ Association Election Results