Global IME Bank Limited (originally founded as Global Bank Limited) is a
commercial bank
A commercial bank is a financial institution that accepts deposits from the public and gives loans for the purposes of consumption and investment to make a profit.
It can also refer to a bank or a division of a larger bank that deals with whol ...
in
Nepal
Nepal, officially the Federal Democratic Republic of Nepal, is a landlocked country in South Asia. It is mainly situated in the Himalayas, but also includes parts of the Indo-Gangetic Plain. It borders the Tibet Autonomous Region of China Ch ...
. 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
The Nepal Rastra Bank (NRB; ) was established on April 26, 1956 A.D. (Nepali Date: Baisakh 14, 2013 B.S.) under the Nepal Rastra Bank Act, 1955, to discharge the central banking responsibilities including guiding the development of the embryonic ...
and has branches all across the nation with its head office in
Kathmandu
Kathmandu () is the capital and largest city of Nepal, situated in the central part of the country within the Kathmandu Valley. As per the 2021 Nepal census, it has a population of 845,767 residing in 105,649 households, with approximately 4 mi ...
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.
Ownership structure
The Bank currently has a paid-up capital of Nepalese
Rupees
Rupee (, ) is the common name for the currencies of
India, Mauritius, Nepal, Pakistan, Seychelles, and Sri Lanka, and of former currencies of Afghanistan, Bahrain, Kuwait, Oman, the United Arab Emirates (as the Gulf rupee), British East Afr ...
38.1158 Billion (as of FY 2023/24), largest in the country.
*Promoter Group - 51.24%
*General Public - 48.76%
Subsidiaries
The bank's subsidiaries are as follows:
* Global IME Capital Limited.
* Global IME Securities Limited.
* Global IME Laghubitta Bittiya Sanstha Limited.
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
*
list of banks in Nepal
The Nepal Rastra Bank has licensed 107 BFIs as of mid-Jan 2025 and 4 of them are declared problematic a& transactions are suspended. This is a list of banks and financial institutions in Nepal licensed by the Nepal Rastra Bank and their branches/ ...
*
Commercial Banks of Nepal
References
External links
Official website of Janata Bank Nepal Limited{{Webarchive, url=https://web.archive.org/web/20240716115647/https://www.janatabank.com.np/ , date=16 July 2024
Official website of Nepal Rastra Bank
Banks of Nepal
2010 establishments in Nepal