Union Bank is pleased to announce the appointment of Mr. Gyanendra Dhungana as a Non-Independent Non-Executive Director to its Board of Directors, effective immediately.

Mr. Dhungana is a distinguished figure in Nepal’s banking industry, bringing with him over three decades of extensive experience, including a decade of service at Nepal Rastra Bank, the Central Bank of Nepal. His appointment reinforces Union Bank’s commitment to strengthening governance, strategic oversight, and institutional leadership.

He most recently served as Chief Executive Officer of Nabil Bank Limited (2022–2025), and prior to that, he led Nepal Bangladesh Bank as CEO for a decade. His earlier contributions at Nepal Rastra Bank (2001–2011) spanned various strategic and regulatory functions that shaped the country's financial ecosystem. Mr. Dhungana has been widely recognized for his contributions to the banking sector, receiving several prestigious awards including the Prabal Jana Sewa Shree Medal (2022) and honours from the Nepal Management Association. A former President of the Nepal Bankers Association (2018–2020), he remains actively involved in the industry and has contributed through seminars, international forums, and published works on Nepal’s economy and banking.

Mr. Dhungana holds a bachelor’s degree in commerce from Nepal Commerce Campus, Tribhuvan University, is a Chartered Accountant from the Institute of Chartered Accountants of India (ICAI), and has earned a Master’s in Financial Analysis from the University of New South Wales, Australia.

Photo: Mr. Gyanendra Dhungana