Kathmandu. The 21st Annual General Meeting of the Development Bankers’ Association (DBAN) Nepal was held on October 26.
The meeting was presided over by Dinesh Thakali, acting president of the association, and was attended by the chief executive officers of the member development banks associated with the association. Acting president Thakali formally inaugurated the meeting by lighting the lamp on Panas.
The meeting approved the annual report of the fiscal year 2082. The annual report of the fiscal year 2082 along with the report of the auditor. The meeting also discussed and approved the annual financial statements including the balance sheet, profit and loss accounts and cash flow statement for the fiscal year 2083÷84. In addition, the meeting also passed the resolution regarding the appointment of the auditor for the fiscal year 208384 and the determination of his remuneration.
The meeting unanimously elected Acting President Thakali as the President of the Association for the next two years. Thakali, an experienced Chartered Accountant and Banker, has been playing a leading role in the banking sector and has been making significant contributions to sustainable banking development by prioritizing financial performance, institutional reforms, digital transformation, risk management and good governance. The meeting also unanimously elected a 9-member new executive committee under the chairmanship of Thakali, Chief Executive Officer (CEO) of Lower Kamana Sewa Bikas Bank.
Madhav Prasad Upadhyaya (CEO- Garima Bikas Bank), Kapil Dhakal (CEO- Jyoti Bikas Bank) and Dipesh Lamsal (CEO- Mahalaxmi Bikas Bank) have been elected as the Treasurer.
Similarly, Tara Manandhar – CEO – Muktinath Bikash Bank, Suman Acharya – CEO – Lumbini Bikas Bank, Rabin Sijapati – CEO – Shangrila Development Bank, Hari Bahadur Budhathoki, CEO – Green Development Bank and Ananta Kumar Chapagain – CEO – Miteri Development Bank have been elected as members of the committee.
The new executive committee of the association has expressed its heartfelt thanks to the outgoing executive committee office-bearers for their contribution in the areas of institutional development, addressing common issues of banking sector and policy advocacy during their tenure. Newly appointed President Thakali expressed his commitment to continue the various initiatives and issues being taken forward by the Association and to effectively carry forward the activities of the Association on the contemporary issues of the banking sector.
Chairman Thakali pointed out the need to focus on good governance, risk management, capacity building of technology and human resources, digital transformation, improving loan quality and recovery, and sharing of knowledge and best practices among member banks. He thanked all the member banks, regulatory bodies and stakeholders and said that they would continue to work to promote the interests of the development banks.
Currently, out of the 17 development banks providing services, 8 are at the national level and 9 are at the regional level. The development banks have been providing banking services to about 8 million customers through 1,112 branches and 336 ATMs as of Ashad 2083. The Development Bankers’ Association Nepal (ADBA) has been continuously coordinating and coordinating with various regulatory bodies and related institutions, including the Nepal Rastra Bank, keeping in mind the common interest of the development banks and the overall development of the banking sector.
Similarly, the Association has been promoting cooperation, coordination and knowledge exchange among the member banks, identifying common agendas and organizing workshops for member banks on timely and relevant issues. The Association has also been developing and operating systems such as screening of domestic PEPs, navigation list screening, HR MIS, finance MIS, etc., with the objective of facilitating member banks through technology-based solutions.
The association has also expressed gratitude to all member banks for their continuous support, participation and trust in making all the ongoing initiatives and activities a success.
