Tenure extended KATHMANDU: The Board of Directors of Lumbini Bank has extended the contract of its current management team led by CEO Shovan Dev Pant for four more years. It commended and appreciated the new management for its performance in successfully turning around the financial health of the bank. Lumbini Bank Ltd’s financial position was in a very fragile condition four years ago and has improved remarkably. Currently the bank maintains capital adequacy level at 23.97 per cent, which demonstrates its inner strength to meet any future challenge. ‘Drink and win’ KATHMANDU: Vigor Power Energy Drink’s sole dealer for Nepal, Manoj Trading House Pvt Ltd has brought ‘Drink and Win Contest’ from Monday. Costumers will get a scratch coupon after buying a Vigor Power Energy Drink can. If they SMS the scratch number to 2722 they can win many prizes. Vigor Power Energy Drink is produced in Malaysia. It has got acceptance from HALAL AND ISO and comes in three flavours — Vigor Ice, Vigor Extra, Vigor Regular. Fishtail’s chopper KATHMANDU: Fishtail Air’s second AS350 B3 helicopter landed at TIA here on Monday at 2:30 pm. The helicopter was purchased from Eurocopter South East Asia, Singapore, and ferry flown to Kathmandu by Capt Deepak JB Rana and Capt Siddartha Jung Gurung, accompanied by Bishwo Gorkhali, Chief Engineer. Now, Fishtail Air now has five helicopters — a Bell 206 BIII Jet Ranger, an AS350 B and AS350 B2 and two AS350 B3s. SI’s 8th AGM KATHMANDU: Siddhartha Insurance held its eighth annual general meeting on Friday. The company that started operations from Baisakh 1, 2063 BS has been regularly posting profits. It has earned Rs 163.4 million from insurance — an increment by 30.25 per cent — compared with a year ago. The company has paid Rs 589.69 million in claims and invested Rs 1241.17 million as fixed deposits in various financial institutions. NCC panel KATHMANDU: Nepal Chambers of Commerce (NCC) has selected more members to fill its executive committee’s vacant seats. They took the oath of office on Monday.