Global IME enters 9th year of operation; capital crosses Rs 5 billion

Sharesansar, January 2:

Global IME Bank Limited has entered 9th year of operation on Thursday. The bank formally opens its transaction on Poush 18, 2063. Later it was merged with IME Financial Institutions and Lord Buddha Finance to name as Global IME Bank on Ashad, 2063. Issuing a statement, the bank said it has made various achievements during this period.

The bank was recently awarded as ´Bank of the Year 2014 Nepal´ by The Banker -- a publication of Financial Times. “Practice of merger among commercial banks was first exercised by the bank,” the statement added.

The bank operates with a network of 84 branch offices, 85 ATMs and 31 branchless banking outlets. Likewise, the bank´s current paid up capital stands at Rs 5.01 billion, deposit collection at Rs 55 billion and loan mobilization of Rs 47 billion.

Global IME Bank is also preparing to open its representative office in Australia. It has already received final approval from the Nepal Rastra Bank (NRB) to open its office in Australia.