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|  |
| Company type | Public |
|---|---|
| NEPSE: 341 | |
| Industry | Banking, financial services |
| Predecessor | Global Bank Ltd |
| Founded | 2007 |
| Headquarters | , |
Number of locations | 351 Branches (2023[1]) |
Area served | Nepal |
Key people | Chandra Prasad Dhakal (chairman) Ratna Raj Bajracharya (CEO) |
| Products | Banking Consumer banking, corporate banking, finance and insurance, investment banking, savings, securities, |
| Subsidiaries | Global IME Capital Ltd., Global IME Laghubitta Bittiya Sanstha Ltd., JBNL Securities Ltd [2] |
| Website | globalimebank |
Global IME Bank Ltd. is the largest "A" class commercial bank with a capital baseof NPR 35.77 billion. The bank provides various banking and financial services to its customers. The bank has a large network of branches across 77 districts of Nepal [3], ATM outlets, extension counters, branchless banking units, and foreign relations offices across Nepal and abroad.
History edit
Global IME Bank Ltd. is a commercial bank in Nepal that was formed by the merger and acquisition of several banks and financial institutions between 2012 and 2023. The bank provides various banking and financial services to its customers. The bank has a network of branches, ATM outlets, extension counters, branchless banking units, and foreign relations offices across Nepal and abroad. The bank is listed on the Nepal Stock Exchange and has a paid-up capital of NPR 35.77 billion as of November 2023. The bank has received several awards and recognitions for its performance and social contributions.
The bank’s merger history is as follows:
- In 2007, Global Bank Limited (GBL) was established as an ‘A’ class commercial bank in Nepal with a paid-up capital of NPR 1.0 billion. The bank offered various commercial banking services to its customers. The bank’s shares were publicly traded as an ‘A’ category company in the Nepal Stock Exchange.
- In 2012, GBL merged with IME Financial Institution and Lord Buddha Finance Ltd., both ‘C’ class finance companies, to form Global IME Bank Ltd. (GIBL).
- In 2013, GIBL merged with Social Development Bank and Gulmi Bikas Bank, both ‘B’ class development banks.
- In 2014, GIBL merged with Commerz and Trust Bank Nepal Ltd., another ‘A’ class commercial bank.
- In 2015-16, GIBL acquired Pacific Development Bank Limited and Reliable Development Bank Limited, both ‘B’ class development banks.
- In 2019-20, GIBL acquired Hathway Finance Limited, a ‘C’ class finance company, and merged with Janata Bank Nepal Limited, an ‘A’ class commercial bank.
- In 2023, GIBL merged with Bank of Kathmandu, another ‘A’ class commercial bank, to become the biggest bank in Nepal.
Ownership structure edit
The bank currently has a paid-up capital of Nepalese Rupees 35.77 Billion (as of FY 2022–23)
References edit
- ^ "Global IME Bank Branches".
- ^ "Subsidiary and Associate Companies". 27 November 2023.
- ^ "Global IME Bank expands with new branch at Dunai of Dolpa; becomes first Pvt sector commercial bank to have its coverage in all 77 districts". sharesansar.com. 2022-07-01. Retrieved 2023-11-26.
- ^ Bank, Global IME. "About Global IME Bank - Company Profile | Global IME Bank". Global IME Bank Ltd. Retrieved 2023-11-26.