Chief
executive officer (CEO),
John E Fitzgerald, of
Nepal Bank
Ltd (NBL), has tendered
his resignation effective
from February 28.
It seems that Fitzgerald
cited 'non-cooperation' from
Nepal Rastra bank, the central
bank, on NBL's operation.
However, an official at the
central bank denied the
charge and said Fitzgerald
resigned due to 'bitter
relations with trade
unions'.
It is said that ICC
Bank Management, which had
taken over NBL's management,
has accepted his
resignation. The ICC
Management has proposed
Craig McAllister as successor
of
Fitzgerald.
McAllister already worked as CEO of NBL
between 2002 and 2006.
Other banking news and
articles:
Nabil
Bank inaugurates nine new
branches (13-11-2007)
More banks come into
operations in Nepal
(13-10-2007)
Nepal Merchant Banking
and Finance to become a
commercial bank
(19-10-2007)
Sunrise bank starts
operations (11-10-2007)
Everest bank starts
mobile banking
(27-9-2007)
Nepal Bank begins
remittance service
(26-9-2007)
Standard Chartered PLC
to acquire American
Express Bank (19-9-2007)
Loans
for purchasing shares on
stock market (17-2-2007)
Merger
of Nepal Bangladesh Bank,
Nepal Sri Lanka Merchant
Bank and NB Finance Ltd
(8-2-2007)
Nepal Stock Exchange
suspends trading of
Nepal Credit and
Commerce Bank
(30-1-2007)
Development Credit Bank
results (29-1-2007)
Buddha on bank notes
(25-1-2007)
agricultural development
bank loans (24-1-07)
recovery plan for bad
loans (1-1-07)
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