Global IME Bank Limited Invites Confidential Sealed Bids for Liquidating Corporate Non Banking Properties

18th June 2026, Kathmandu

Global IME Bank Limited has officially launched a public invitation for confidential sealed bids to purchase its corporate non-banking assets.

Global IME Sealed Bids

The asset disposal initiative was announced through a public notice published in a leading national daily newspaper. The bank plans to liquidate these seized real estate assets, which consist of various land plots and physical building structures, through a highly structured corporate bidding layout. This sale helps the bank convert non-earning physical security properties, which were originally taken over after borrowers defaulted on their credit obligations, back into liquid capital.

Complete Summary of Tender Deadlines and Application Requirements

The non-performing asset liquidation process operates under precise submission timelines and specific earnest money deposit rules.

• Liquidating Corporate Bank: Global IME Bank Limited
• Target Property Categories: Non-banking assets comprising land holdings and commercial or residential structures
• Standard Transaction Basis: Absolute as-is, where-is operational terms
• Official Newspaper Publication Date: July 18, 2026, corresponding to Ashadh 4, 2083
• Final Application Submission Window: Seven calendar days from the initial publication date
• Mandatory Earnest Money Deposit: A minimum of 10 percent of the total proposed purchase value
• Primary Corporate Processing Center: Loan Recovery Department situated at the Head Office in Naxal, Kathmandu
• Alternative Collection Submissions: Any designated regional branch office operating across the country

Understanding the Legal Guidelines and Bidding Rules for Property Buyers

The corporate asset management division uses a strict screening system to ensure complete transparency during the confidential property sale.

To take part in the auction, interested individual buyers, registered private businesses, and local investment institutions must collect the official bid application form directly from the banking counters. Bidders must seal their written monetary offers inside a secure envelope along with a verified bank draft or cash deposit receipt covering the ten percent earnest money requirement. All completed files must arrive at the loan recovery desks in Naxal during standard working hours before the closing deadline.

Advertisement

Processing Collected Tenders and Running the Evaluation Meetings

The final selection framework allows the bank to review every incoming offer fairly while keeping its own corporate interests protected.

The financial institution intends to open all received envelopes at the central office in front of the applicants or their legally assigned agents. If a sudden government holiday disrupts the planned opening time, the evaluation meeting automatically moves to the next official working day at the exact same location. The bank executive board also keeps full legal rights to accept, decline, negotiate, or cancel any submitted bid without giving any public reason or notice to the participants.

The Broader Impact of Non Banking Asset Sales on Commercial Banking Stability

For a major commercial banking network like Global IME Bank, liquidating non-banking properties is an essential practice for keeping its financial indicators balanced and robust. Retaining large amounts of seized property over long periods ties up valuable corporate reserves and forces banks to increase their provisioning pools, which can drag down overall profitability.

By selling these land plots and buildings through clear public auctions, the institution rapidly lowers its bad debt levels, creates fresh loanable funds, and ensures that its everyday operations remain stable and secure across Nepal.

For More: Global IME Sealed Bids