Where are you planning to take the bank in your four years’ tenure?
The plan I submitted for the overall improvement of the bank has already been accepted by the government and the management committee has also accepted my four years’ work plan. Currently, the Bank has 1 hundred and 34 branches in various 64 districts of the country. Every branch is computerized and is providing ATM, mobile banking, SMS and E-banking services.
The Bank has NRs 75 billion deposit, Rs. 36 billion loan and we have invested Rs. 19 billion. In four years, we have made a goal to increase the deposit by 50 percent, and we are also planning to increase the loan and investment amount by 66 percent. Then, to make an annual profit of NRs 2 billion, the management will work day and night.
Will your work plan be successful as the bank has many unnecessary employees and amidst pressure on the management from political parties and worker unions?
There are more employees in the bank than it requires, there are no two doubts about that. But, if we keep in mind the expansion of the bank, then the current number of employees will be needed.
In the financial sector, the presence of government banks is very low, can you end this?
In Nepal’s financial arena, the government banks have not been influential. With the expansion of private banks, the role and work area of the government banks are shrinking.
But, in the years ahead, Banijya Bank will establish itself in the leader’s role. Then, the financial sector will take a new direction.
Where have the talks of merger with NIDC development bank reached?
As both are state owned banks, the government also wants us to merge. We are also working accordingly. The Bank cannot immediately undergo merger with private financial institutions. We will seek new alternatives after the two organizations, whose talks are ongoing, actually merge.
How is the bank’s bad debt situation?
Financial summary of the bank has been affected due to the previous bad debts. After the introduction of financial sector improvement program, bank’s bad debt has been less than one percent.