Global IME Bank Limited
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 structureThe Bank currently has a paid-up capital of Nepalese Rupees 38.1158 Billion (as of FY 2023/24), largest in the country. [5]
SubsidiariesThe bank's subsidiaries are as follows:
Correspondent NetworkThe 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 alsoReferences
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