Global IME Bank Ltd
Global IME Bank Ltd. (GIBL) emerged after a successful merger of Global Bank Ltd (an “A” class commercial bank), IME Financial Institution (a “C” class finance company) and Lord Buddha Finance Ltd. (a “C” class finance company) in the year 2012. Two more “B” class development banks (Social Development Bank and Gulmi Bikas Bank) merged with Global IME Bank Ltd in the year 2013. Later, in the year 2014, Global IME Bank made another merger with Commerz and Trust Bank Nepal Ltd. (an “A” class commercial bank). During 2015-16, Global IME Bank Limited acquired Pacific Development Bank Limited (a “B” Class Development Bank) and Reliable Development Bank Limited (a “B” Class Development Bank). During 2019-20, Global IME Bank Limited acquired Hathway Finance Limited (a “C” class finance company) and merged with Janata Bank Nepal Limited (an “A” class commercial bank).
Global Bank Limited (GBL) was established in 2007 as an ‘A’ class commercial bank in Nepal. It provided entire commercial banking services. The bank was established with the largest capital base at the time with paid-up capital of NPR 1.0 billion. The paid-up capital of the bank has since been increased to NPR 18.97 billion. The bank’s shares are publicly traded as an ‘A’ category company in the Nepal Stock Exchange.
It is in line with the aim of the bank to be “The Bank for All” by giving necessary impetus to the economy through world-class banking service.
For the day to day operations, the bank has been using the world-renowned FINACLE software that provides real-time access to customers. It provides the services through database across all branches and corporate locations of the bank. This state of the art customer database has also been linked to a Management Information System that provides easy reach to all possible database information for balanced and informed decision making. A disaster recovery system (DRS) of the Bank has also been established in the Western Region of Nepal (200 km west of Kathmandu).
The bank has been able to achieve excellent diversification of its assets. A well-balanced distribution of exposure in areas of national interest has been possible through long term forecasting and timely strategic planning. The bank has diversified interests in hydropower, manufacturing, textiles, services industry, aviation, exports, trading and microfinance projects, just to mention a few.
The exemplary performance of the bank in these last eleven years has elevated it to premier status in the industry. The bank has been handling government transactions and is officially among one of the few commercial banks trusted by the Government in handing Government revenue transactions of various offices. The bank has been able to earn the trust and confidence of the public, which is reflected in the large and ever-expanding customer base with more than 2,000,000 number of accounts in deposit base and above 50,000 in credit. Through all this, the bank has been able to truly achieve its vision of being “The Bank for All”. Even with all this success, the bank remains internally focused on manpower development, product innovation, and process innovation, etc., to have a strong and solid foundation, which are ongoing and continuous improvement initiatives undertaken by the management and staff alike.
GIBL has been conferred with “The Bank of the Year Award 2014” for Nepal by the Bankers Magazine (Publication of the Financial Times, UK), “Best Internet Bank 2016- Nepal” by International Finance Magazine, London and “Best Employer Award 2018” by World HRD Congress, India.
GIBL was appointed as the first handling bank unit of CREF (Central Renewable Energy Fund) under AEPC (Alternative Energy Promotion Center).
To win a respectable market share through customer-focused quality products and services, innovative business solutions and technology-driven banking thereby enhancing the growth and profitability of the bank to ensure the optimum benefit to all stakeholders at all times.
The bank shares a common vision of “The Bank for All” amongst its Promoters, Directors, Management Team and Staff in commitment to providing the highest standard of services for customers from all regions and societies.
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