22nd April 2025, Kathmandu
On Earth Day, Global IME Bank Limited launched a new Rooftop Solar Loan Scheme to encourage the installation of solar systems on commercial and industrial buildings.
Global IME Nepal Solar Loan
The bank’s goal is to promote renewable energy, reduce dependency on hydroelectric power, and improve energy security. This scheme also aims to minimize environmental impact by reducing overall energy consumption.
Focus on Renewable Energy and Sustainability
The Rooftop Solar Loan Scheme primarily focuses on providing access to renewable energy, reducing reliance on hydropower, and enhancing energy security. By installing solar systems, businesses can lower their energy consumption, contributing to environmental sustainability.
This loan scheme is open to productive industries such as hotels, hospitals, cold storage units, housing companies, and educational institutions. These sectors will directly benefit from installing rooftop solar systems, which will help them save on energy costs while supporting green energy initiatives.
A Step Towards Environmental Responsibility
The bank’s new initiative aligns with its commitment to reducing environmental impact. By offering this loan, Global IME Bank is encouraging businesses to invest in clean, renewable energy.
The bank’s proactive role in promoting sustainability sets a positive example for other financial institutions in Nepal. This move also supports the government’s broader efforts to reduce the country’s carbon footprint and improve energy efficiency.
Awards and Recognition for Excellence
Global IME Bank’s efforts to provide excellent banking services have been widely recognized. The bank received two prestigious awards: the Best Bank Award 2024 by Global Finance and the Euromoney Award for Excellence 2024. These awards named Global IME Bank as the best bank in Nepal, highlighting its continued success in delivering high-quality financial services.
Expanding Access to Banking Services Across Nepal
Global IME Bank has a strong presence in Nepal. It was the first private sector commercial bank to establish branches in all 77 districts of the country. The bank currently operates 354 branch offices, 385 ATMs, and 221 branchless banking services. It also has 67 extension counters and 3 foreign representative offices. This vast network ensures that customers across Nepal have easy access to the bank’s services.
Remittance Services for Global Reach
In addition to providing comprehensive banking services to Nepalese citizens, Global IME Bank also facilitates remittances from several countries worldwide. The bank brings remittances from countries like the United States, the United Kingdom, Canada, Australia, Malaysia, South Korea, Japan, Saudi Arabia, Qatar, UAE, Bahrain, Kuwait, India, and Jordan. This helps support the Nepalese economy by enabling families to receive funds from abroad.
Conclusion
The Rooftop Solar Loan Scheme is a positive step for Global IME Bank towards environmental sustainability. The scheme offers businesses a chance to reduce energy costs while contributing to Nepal’s green energy transition.
With its broad banking network and commitment to excellence, the bank continues to be a key player in both Nepal’s financial sector and the fight against climate change.
About Global IME Bank
Global IME Bank is a leading private sector bank in Nepal. With its expansive network and diverse services, it plays a significant role in providing banking solutions to its customers in Nepal and abroad. The bank remains committed to supporting sustainable growth and contributing to the country’s development.
For more: Global IME Nepal Solar Loan