Global IME Bank Limited

Global IME Bank Limited
Company typePublic
NEPSE: GBIME
IndustryBanking
FoundedJanuary 2007, 02; 18 years ago (02-01-2007)
Headquarters
Kamaladi, Kathmandu
,
Number of locations
440
Area served
Nepal
Key people
Mr. Chandra Prasad Dhakal (Chairman)
Mr. Surendra Raj Regmi CEO
ProductsLoans, Credit cards, Savings, Investment, Merchant banking
Increase रू601 crore (US$44 million)[1] (2023)
Number of employees
3,600+
Websitewww.globalimebank.com

Global IME Bank Limited[2] (originally founded as Global Bank Limited) is a commercial bank in Nepal. In 2012, it merged with the former IME Financial Institution Limited and Lord Buddha Finance Limited, subsequently rebranding and operating as Global IME Bank Limited. The bank is an ‘A’ class commercial bank licensed by Nepal Rastra Bank[3] and has branches all across the nation with its head office in Kathmandu which provides a complete commercial banking service. Over time, the bank has expanded through the merger and acquisition of 21 banking and financial institutions (BFIs), including five commercial banks: Commerz and Trust Bank, Global Bank, Janata Bank Nepal, Lumbini Bank, and Bank of Kathmandu.[4]

Ownership structure

The Bank currently has a paid-up capital of Nepalese Rupees 38.1158 Billion (as of FY 2023/24), largest in the country. [5]

  • Promoter Group - 51.24%
  • General Public - 48.76%

Subsidiaries

The bank's subsidiaries are as follows:

  • Global IME Capital Limited.[6]
  • Global IME Securities Limited. [7]
  • Global IME Laghubitta Bittiya Sanstha Limited. [8]

Correspondent Network

The bank had been maintaining harmonious correspondent relationships with various international banks from various countries to facilitate trade, remittance and other cross border services. Through these correspondents the bank was able to provide services in any major currencies in the world.

See also

References

  1. ^ "Global IME Bank Limited has posted a net profit of Rs 6.01 billion". 5 August 2024.
  2. ^ "Janata Bank Nepal Limited". globalimebank.com. Retrieved 25 December 2023.
  3. ^ "Nepal Rastra Bank - Central Bank of Nepal". Nrb.org.np. Retrieved 25 December 2023.
  4. ^ "History Of Global IME bank".
  5. ^ "NEPSE Profile".
  6. ^ "Company Profile - Global IME Bank Ltd". Global IME Bank.
  7. ^ "Home". gisl.com.np/. 23 December 2024.
  8. ^ "Home". gilb.com.np.
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