Vibor Society Development Bank, the merged entity of Society Development Bank and Vibor Development Bank has started integrated transaction from Friday, September 2.  The starting of integrated transaction of the bank was inaugurated by Governor of Nepal Rastra Bank, Dr Chiranjibi Nepal. After the merger, the paid-up capital of the bank has reached Rs 1.81 billion based on which the bank has become the biggest development bank of the country.

Meanwhile, deposit collection and loan extension of the integrated bank has reached Rs 14.07 billion and Rs 11.41 billion. Similarly, the bank at present has 42 branches, 1 extension counter and 12 ATMs which is also the biggest network among the development banks operating in the country. Moreover, the bank’s central operation will be carried out from the central office of former Society Development Bank at Dillibazar.

The bank has appointed Sushil Raj Parajuli as the Chairman of the Board of Director and Jhalak Prasad Khanal as Chief Executive Officer of the bank. Similarly, Ashok Raj Pandey, Dr Rup Jyoti, Hari Prasak Rimal, Rajesh Kumar Agrawal and Prem Raj Tiwari have been appointed as Board of Directors of the bank.

Vision

Every aspiring and committed entrepreneur in Nepal has access to right form of capital to embark and continue on a journey of converting economically and socially profitable ideas into reality

Mission

Make capital accessible to more and more entrepreneurs and enhance their productivity

Objectives

• We dream of Nepal where entrepreneurship is not the privilege of few. We continuously strive to make capital accessible to more and more entrepreneurs and enhance their productivity.
• Expand saver’s choice through continuous innovation of products and services
• Enhance entrepreneurs’ productivity and growth through financial and managerial support
• Be a role model in management of custodial capital (invest capital with proper evaluation of risk, return and social impact)
• Provide healthy work environment for young professionals to learn, serve, and grow
• Provide attractive return on promoters’ and shareholders’ investments

Values / Guiding Principles

• Honesty in Work
• Sincerity in Relationship
• Respect for Self and Others
• Care for Resources
• Responsibility for one’s action
• Service Orientation
  (focus on long-term relationship rather than short-term transactions)
• Respect for Laws and Regulations
  (a genuine commitment to transparency)