Global IME Bank Auction Invites Bids for Fixed Assets
3rd June 2026, Kathmandu
Global IME Bank Limited has officially triggered a major movement in the real estate and financial sectors of the country by announcing a major asset liquidation.
Global IME Bank Auction
The prominent financial institution has issued an official notice inviting confidential sealed bids for the strategic sale of its non banking assets. This extensive property release includes valuable land parcels and related structural properties owned directly by the bank.
The highly anticipated corporate announcement was formally published in a leading national daily newspaper on Jestha 20, 2083 BS. The public notice explicitly informs all interested individuals, corporate entities, and private institutions to participate actively in the bidding process. The entire asset disposal is being conducted under strictly specified regulatory terms and corporate conditions.
Fintech analysts and property investors are watching this liquidation event closely as it represents a significant offloading of non core assets by one of the largest commercial banks in the nation. This move highlights ongoing efforts by major financial institutions to clean up their balance sheets and convert non earning physical assets back into active liquid capital.
Sale of Land and Property Assets
According to the official guidelines detailed in the public notice, the bank will sell its owned properties strictly on an as is where is basis. This means the assets will be handed over in their current physical condition and specific structural quantity through a confidential sealed bid process. This standard format prevents public price manipulation and ensures an equal playing field for all serious buyers.
Interested buyers are required to submit their individual financial bids in total accordance with the terms outlined in the official bidding form provided by the institution. To ensure only authentic and financially capable buyers participate, applicants must deposit at least 10 percent of their total quoted bid amount as an initial security deposit.
The bank has clarified that a valid copy of the bank deposit voucher must be attached along with the sealed bid submission documents. Failure to provide this proof of security deposit will lead to the immediate automatic rejection of the bid before the evaluation phase begins.
Submission Deadline and Process
The commercial bank has established a very tight timeline for this property disposal to ensure maximum operational efficiency. Interested bidders must submit their fully completed bid forms within exactly seven days from the initial date of publication of the notice during standard office hours.
All physical documents and sealed envelopes must be delivered directly to the designated corporate desks. Bidders can submit their paperwork directly to the Loan Recovery Department at the Global IME Bank Head Office located in Naxal, Kathmandu. Alternatively, the bank has allowed submissions at designated regional branch offices to facilitate buyers living outside the capital city.
The bank has officially stated that the bids will be opened on a specified date, time, and location in the presence of the interested bidders or their formally authorized representatives. This ensures total transparency in the selection process. If the scheduled date happens to fall on an unexpected public holiday, the bidding process will take place on the next working day at the exact same time and venue.
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Land Details in Jhapa District
The primary non banking assets listed for this specific sale include highly valuable land parcels located in the prosperous Jhapa District. These properties are officially registered at the land revenue office, known locally as the Malpot Office in Bhadrapur. The precise geographic and legal details are fully transparent.
The land is situated at Ward Number 7, Garamani, which covers a highly accessible territory in the region. The properties are listed under Kitta Numbers 143 and 188, which were previously identified under Former Kitta Numbers 1846 and 1845. The total land area is substantial, measuring 3,600 square meters and 4,815 square meters respectively.
Crucially for buyers, the sale includes all physical structures, built fixtures, and legal attachments currently existing on the land. This makes the Jhapa property highly attractive for commercial development, agricultural warehousing, or long term corporate investment given the expanding infrastructure in eastern Nepal.
Banks Rights and Conditions
Global IME Bank Limited has made it completely clear that it maintains full institutional authority over the entire transaction. The bank formally reserves the absolute right to accept or reject any single bid or even the entire batch of submissions without providing any explanation or reasons to the applicants.
The bank also retains the full executive authority to cancel the bidding process entirely at any stage or enter into private negotiations with top bidders as per internal corporate guidelines and conditions. All terms and conditions mentioned in the physical bid form will apply strictly throughout the lifecycle of the sale, and the final decision of the bank will be absolute and legally binding.
This robust legal framework ensures that the interests of the bank and its shareholders are fully protected while preventing any collusive bidding practices among external buyers. It also gives the bank the flexibility to re auction the property if the received bids do not meet the internal minimum valuation threshold.
Additional Information for Bidders
For individuals and companies looking to participate, the bank has made detailed bid forms available for pickup at its offices upon payment of a non refundable required fee during daily office hours. The management encourages all potential applicants to carefully review all conditions and inspect the physical site in Jhapa before submitting their final bids.
Participating in a bank asset auction requires a clear understanding of property laws and corporate liquidation mechanics. Buyers must ensure that their funding is fully secured beforehand, as the winning bidder will be required to settle the remaining 90 percent of the property value within a very short timeframe specified by the loan recovery department.
Conclusion
The latest Global IME Bank property liquidation represents an exceptional opportunity for strategic real estate investors to acquire large land parcels in Garamani, Jhapa. By utilizing a transparent and time bound confidential sealed bid mechanism, the bank ensures a fair environment for both individual and institutional buyers.
With the bid opening formally scheduled for Jestha 27, 2083, at 3 PM, interested parties must act fast to complete their site inspections, secure the mandatory 10 percent deposit voucher, and submit their paperwork to the Naxal head office. This transaction beautifully highlights how modern commercial banks in Nepal are proactively managing their portfolios to maintain high liquidity and robust financial health.
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