Exclusive Opportunity: Global IME Bank Announces Sealed Bid Auction for Motorcycles
11th August 2025, Kathmandu
In an exciting development for prospective vehicle owners and entrepreneurs across Nepal, Global IME Bank has officially announced a sealed bid auction for a range of motorcycles.
Global IME Bank motorcycle auction
This initiative, part of the bank’s standard procedure for auctioning off assets, presents a golden opportunity for individuals and businesses to acquire quality two-wheelers at potentially competitive prices.
The official notice, published on August 11, 2025, marks the start of a 15-day bidding period, inviting all interested parties to participate in a transparent and fair process.
The sealed bid auction is a well-established and trusted method for selling assets, ensuring that all bidders have an equal chance. Under this system, interested parties submit their bids in a sealed envelope, which are then opened publicly on a designated date. This process guarantees confidentiality and prevents last-minute manipulation of prices, making it a level playing field for everyone.
For many, this auction is more than just a chance to buy a vehicle; it’s an opportunity to save a significant amount of money. The motorcycles on offer are expected to range from popular commuter models to more robust, high-performance bikes. While the specific details of each motorcycle—including its make, model, year, and condition—are available in the full official notice, the auction is likely to feature a diverse inventory to cater to a wide range of needs and budgets.
To participate in the sealed bid auction, interested bidders must follow a specific procedure. The official notice details the process of inspecting the vehicles, which is a crucial step to ensure that bidders are fully aware of the condition of the motorcycles they are bidding on. Bidders will typically be required to submit a bid form along with a specified amount of security deposit, often in the form of a bank voucher or a cash deposit.
The bid must be submitted in a sealed envelope to a designated office of Global IME Bank within the 15-day period. The bid opening is a public event where the highest bidder for each vehicle will be announced.
This auction is particularly timely given the growing demand for personal transportation in Nepal’s urban and rural areas. A motorcycle provides unparalleled freedom of movement, especially in congested cities and on rural roads with limited public transport options. For small entrepreneurs, a motorcycle is an essential tool for business, enabling them to provide services, make deliveries, and reach customers efficiently.
The initiative also reflects a broader trend in the market where banks are increasingly using transparent auction processes to recover non-performing assets. This not only helps the banking sector maintain financial stability but also recirculates valuable assets back into the economy, providing a win-win situation for both the financial institution and the public.
Prospective bidders are strongly encouraged to download and carefully read the official auction notice from the Global IME Bank website. It contains all the necessary information, including the list of vehicles, the security deposit requirements, the inspection location and time, and the bid submission deadline.
By taking the time to understand the rules and inspecting the vehicles, bidders can make informed decisions and maximize their chances of securing a great deal. This auction is a testament to the fact that with proper due diligence, significant opportunities can be found in the market.
Fore more: Global IME Bank motorcycle auction
