Global IME Bank grown into country's largest bank

KATHMANDU:Through mergers and acquisitions with 21 banks and financial institutions, Global IME Bank has grown to become Nepal's largest bank.

Global IME Bank was the first bank in Nepal in terms of paid-up capital, and it has grown to become the country's largest bank in terms of deposits, loans, and branch network.

Global IME Bank now has a paid-up capital of 35.77 billion after merging and acquiring 21 distinct banks and financial institutions. Until October, the bank had collected 4 trillion 53 billion rupees in deposits and invested 3 trillion 75 billion rupees in loans.

Established in 2007 as Global Bank Limited, the bank changed its name to 'Global IME Bank' after purchasing 'C' class IME Finance in 2012.

In commercial banks it has merged with Commerce & Trust Bank in 2014, Janata Bank in 2019, and Bank of Kathmandu in January 2023.

After acquiring Social Development Bank and Gulmi Development Bank in 2013, this bank added Pacific Development Bank and Reliable Development in 2015-16.

Global IME Bank purchased Lord Buddha Finance Company in 2012 and Hathaway Finance Company in 2019.

Bank President Chandra Dhakal aspires to make Global IME Bank, Nepal's first bank, one of the world's largest and greatest banks.

'I aim to make Global IME Bank one of the thousand banks in the world,' adds Dhakal.

In terms of the size of the capital, if we do not receive cash dividends for a couple of years, we will be one of the thousand banks in the world.'