Nabil Bank has appointed Manoj Gyawali as its Chief Executive Officer (CEO). He was serving as an acting CEO for a few months.

Gyawali assumed the interim leadership following the resignation of former CEO Gyanendra Dhungana in March. Dhungana had stepped down to pursue the position of Governor of Nepal Rastra Bank. However, the government on May 20 appointed economist Biswonath Poudel as the central bank’s Governor.

Read: Nabil Bank CEO Gyanendra Dhungana Resigns

The decision to promote Gyawali as CEO was made during a meeting of Nabil Bank’s Board of Directors held on Thursday, June 5, the bank said.

Gyawali, a Chartered Accountant, brings over two decades of experience in the banking sector. 

Nabil Bank is one of the country’s largest commercial banks, with its principal promoter being a company owned by Binod Chaudhary, a prominent businessman and lawmaker from the Nepali Congress.