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Home › About Us › Introduction
Introduction
Vibor Bikas Bank Limited (VIBOR), a national level category B financial institution licensed from Nepal Rastra Bank (the central bank of Nepal), commenced its operation from October 4, 2007. VIBOR is promoted by non-interfering, trusting, and open-minded 135 people coming from diverse background. Collectively, the promoters hold 61 percent of the total capital of Rs. 680 million. However, no individual promoter holds more than 3%, the average shareholding is 0.45% and the standard deviation 0.46%.
Remaining 39% will be sold to general public.
Mission
Make capital accessible to more and more entrepreneurs and enhance their productivity.
Vision
Proliferation of entrepreneurs in Nepal.
Objectives
- Expand the savers' choice through continuous innovation of products and services.
- Enhance entrepreneurs' productivity and growth through provision of capital and managerial support.
- Provide healthy physical and emotional work environment for young professionals to learn, serve, and grow.
- Be a role model in management of custodial capital.
- Provide promoters and shareholders with attractive return on their investments.
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We are indebted to the courage and imagination of those entrepreneurs who were instrumental in human civilization's leap from subsistence to growth. We are also indebted to the investors who risked their capital in supporting the entrepreneurs.
Even today, many entrepreneurial ideas remain wishful thinking. Many others die in infancy. And many more do not reach their fullest potential.
We dedicate Vibor to the services of those Nepalese entrepreneurs whose courage and imagination are the source of inspiration and hope to us all. We also dedicate Vibor to those Nepalese investors who invest in deposits and other financial securities and consequently support the Nepalese entrepreneurs.
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"We dream of Nepal where entrepreneurship is not the privilege of the few"
We dream of Nepal where entrepreneurship is not the privilege of the few. We will continually strive towards making capital accessible to more and more people with entrepreneurial drive and providing them with critical managerial support.
In our mission to our dream we will adopt the following means:
- Be a role model in management of custodial capital.
- Expand the savers' choice through innovation of products and services.
- Be an excellent support in enhancing entrepreneurs' productivity and growth.
- Provide excellent environment for young professionals to learn, grow, and serve.
- Provide excellent return on promoters' and shareholders' investments.
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We offer partnership: partnership in the growth of your hard-earned money; and partnership in realization of your entrepreneurial dream.
Share your dream with us. We will forge a partnership that is most productive. It could be lender-borrower partnership, equity support partnership, managerial skill support partnership, or a combination of two or more. But whatever may be your requirement, we believe in more than mere transaction, we believe in partnership.
Discuss with us your risk preference and your return requirement. We will offer you saving products or combination of products to match. If we do not have products that meet your requirements, we will advise you accordingly. Here again, we are looking for partnership - partnership in the growth of your money and/or partnership in realization of your entrepreneurial dream.
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Ajay Ghimire has over 20 years of experience in the field of banking, finance, and management. He has been instrumental in promoting Ace Finance (now Ace Development Bank), Ace Institute of Management (where he is the Chairman of the Board), and Ace Apartments. A management graduate from MIT Sloan School of Management, USA and a Masters in Mathematics from Panjab University, India, he also spent a semester each at George Town University and the School of Advance International Studies at Johns Hopkins University, USA studying International Public Policy. Prior to working for Ace Finance as its CEO for 7 years, he also worked for Nabil Bank for 8 years in various managerial capacities. Ajay is the Chief Executive Officer of Vibor and also the Chairman of its Board of Directors.
Bijay Rajbhandary currently the Managing Director of CE Construction and CEO of CE Overseas, has more than 20 years of experience in the field of engineering, construction, and project management. An engineering graduate from University of Jabalpur, India and a holder of MS degree in Construction Engineering and Management from University of New Mexico, U.S.A., Bijay is a distinguished entrepreneur who has been redefining the construction industry in the country. Bijay also is a director on the Board of Ace Institute of Management and is a member on the Board of Directors of Vibor.
Mohan Das Manandhar has over 20 years of experience in the field of engineering, education management, and development consulting. He also served as the Head of Ace Institute of Management and as Executive Director of Organization Development Center (ODC), an organization he was responsible for establishing. An engineering graduate from the University of Roorkee, India and a MBA from International University of Japan, Mohan has been instrumental in the growth and transformations of many organizations in Nepal. Mohan is also director on the Board of Ace Institute of Management and is a member on the Board of Directors of Vibor.
Aditya Kumar Khanal is the youngest member on the Board of Directors of Vibor. A young entrepreneur, he is almost a generation younger than all other Directors on the Board. A science graduate from Calcutta University, Aditya is the Chairman of Nobel Institute.
Madhab Prasad Ghimire was government employee for 32 years in various capacities at the Ministry of Finance and other government secretariats. He also worked at the World Bank Washington DC from 1981-1985. He has a master's degree in Financial Economics from the United Kingdom. He is the professional director appointed under article 12 of Banking and Financial Institution Act 2063.
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