Global IME Bank Leading Nepalese Banking to Global Excellence Prestigious Awards and Sustainable Initiatives

19 June 2024, Kathmandu

Global IME Bank’s Journey to Excellent Banking Services and Outstanding Results. In an era where global connectivity has turned countries into neighbors, businesses worldwide strive to establish their prominence. Despite tireless efforts and professional training, only a select few manage to stand out on the global stage. Among these, Global IME Bank has emerged as a beacon of excellence.

Global IME Bank Leading Nepalese Banking

Founded in 2006 with the slogan “Bank for all,” Global IME Bank has become Nepal’s largest financial institution, expanding its reach to Nepali citizens worldwide. The bank’s mission to provide comprehensive banking services globally has materialized through representative offices in various countries, reflecting its commitment to inclusivity.

Global IME Bank embraces the notion that a country extends beyond its geography to its citizens, offering seamless banking transactions for Nepalis abroad. This ethos reinforces the bank’s slogan and establishes it as a leader in Nepal’s banking sector. The bank’s technological advancements and customer-centric services have set benchmarks adopted by other financial institutions.

Prestigious Recognition

Global Finance Magazine, renowned for evaluating banks worldwide, awarded Global IME Bank as the best bank in Nepal in the Asia-Pacific region. This accolade positions Global IME Bank alongside global giants such as HSBC in Hong Kong and Bank of America in the United States. It marks the first time a Nepali bank has received this prestigious award, elevating Nepal’s financial sector on the international stage.

Sustainable Initiatives and Community Engagement

Beyond its financial achievements, Global IME Bank is a champion of sustainability and social responsibility. The bank collaborates with the Nepal government and international organizations to support the Sustainable Development Goals (SDGs) for 2030. It actively participates in campaigns to reduce environmental pollution, including promoting the use of electric vehicles and minimizing plastic usage within its operations.

The bank’s Green Wash loan scheme exemplifies its commitment to environmental responsibility, offering low-interest loans for sustainable initiatives. Additionally, Global IME Bank has secured a $56 million loan from the International Finance Corporation (IFC) to enhance financial access for micro, small, and medium enterprises (MSMEs). This initiative aims to boost financial inclusion, create jobs, and support climate goals.

Future Aspirations (Global IME Bank Leading Nepalese Banking)

Under the leadership of Chairman Chandra Prasad Dhakal, Global IME Bank aims to be listed among the world’s top 1,000 banks. This ambitious goal underscores the bank’s dedication to continuous growth and excellence.

As Global IME Bank expands its services, it remains attuned to the needs of Nepalese citizens, ensuring a comprehensive and inclusive banking experience. Through its relentless pursuit of excellence and sustainable practices, Global IME Bank not only leads Nepal’s banking sector but also proudly raises the nation’s flag on the global stage.

Global IME Bank Honored Infosys Finacle Award

Global IME Bank was honored with the Infosys Finacle Award 2024 for Innovative Projects. For more details: Global IME Bank Honored Infosys Finacle Award

Global IME Bank Wins Best Bank in Nepal 2024

Global IME Bank Limited has been awarded the prestigious Best Bank Award for 2024 by Global Finance Magazine, recognizing its excellence in reliability, financial resource mobilization, and strategic development.

The bank’s extensive network of over 1,100 service centers, commitment to innovation, and customer-centric services have solidified its position as Nepal’s leading financial institution, serving over 4.6 million customers.

Global IME Bank Wins Euromoney Nepal Best Bank 2022

Global IME Bank Limited has been honored with the Euromoney Award For Excellence – Nepal Best Bank 2022. Chairman Chandra Prasad Dhakal and CEO Ratna Raj Bajracharya received the prestigious award at a gala event in London. Renowned as Nepal’s largest commercial bank, Global IME Bank excels in capital, network, and earnings and is the first private bank to serve all 77 districts in Nepal. The bank also supports Nepali workers abroad with representative offices in India, the UK, Australia, the Middle East, and South Korea.

Global IME Bank Wins Best Internet Bank 2016

Global IME Bank Ltd received “The Bank of the Year Award 2014” for Nepal by Bankers Magazine and “Best Internet Bank 2016-Nepal” by International Finance Magazine. The awards, accepted by President Chandra Prakash Dhakal in Singapore, recognize the bank’s exceptional internet services and extensive network of 91 branches, 103 ATMs, and 44 branchless banking services.

Highest Taxpayer in Banking Sector in Nepal

Global IME Bank has emerged as the highest taxpayer among Nepalese banks for FY 2021/23, contributing Rs 3.2 billion in corporate tax. As Nepal’s largest bank with a paid-up capital of Rs 35.77 billion, it achieved this through merging 21 financial institutions. With 350 branches, 369 ATMs, and a customer base of over 4.2 million, the bank is advancing its Vision-2025 plan for digitization and business growth.

Formalizing Remittance in Nepal

“Formalizing Remittance in Nepal,” the focus is on the efforts to streamline and formalize remittance processes within Nepal. It discusses initiatives aimed at enhancing transparency, efficiency, and security in remittance transactions, crucial for the country’s economy heavily reliant on remittances. The piece highlights technological advancements and regulatory reforms driving this formalization, ensuring that remittance flows contribute effectively to Nepal’s financial stability and development goals.

For more: Global IME Bank Leading Nepalese Banking