Agreement between Global IME Bank and Federation of Nepal Petroleum Transport Entrepreneurs

KATHMANDU: Global IME Bank and the Federation of Nepal Petroleum Transport Entrepreneurs have signed an agreement regarding obtaining/renewing the bank guarantee to be issued to the members of the federation for the necessary embassy permits.

A memorandum of understanding was signed by Surendraraj Regmi, the deputy chief executive officer of the bank, and Manoj Kumar Das, president of the Federation of Nepal Petroleum Transport Entrepreneurs, at the bank's corporate office on Thursday.

According to the agreement, the members of the association under the Federation of Nepal Petroleum Transport Entrepreneurs have obtained the necessary license from the Nepal Oil Corporation for the mandatory performance bond to be issued in the name of the Indian Embassy in Nepal for the transportation of petroleum products from India, and for the purpose of obtaining / renewing the performance bank guarantee facility from any branch of the bank in a concessional manner. 

Global IME Bank is the first commercial bank in the private sector with a network of branches in every district of the country.

In almost all the financial indicators of the country, First Bank is providing services to more than 4 million customers from more than 1100 service centers including 365 branch offices, 367 ATMs, 321 branchless banking services, 63 extension and revenue collection counters and 3 foreign representative offices.

Likewise, the bank has been making significant contributions to the country's economy by bringing in remittances from countries such as the United States of America, the United Kingdom, Canada, Australia, Malaysia, South Korea, Japan, Saudi Arabia, Qatar, UAE, Bahrain, Kuwait, India, Jordan, and Hong Kong.