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Welcome to Global IME Bank [Back]

Bank Overview
 
Global IME Bank Ltd. emerged after successful merger of Global Bank Ltd (an “A” class commercial bank), IME Financial Institution (a “C” class finance company) and Lord Buddha Finance Ltd. (a “C” class finance company).
 
Global Bank Limited (GBL) was established in 2007 as an ‘A’ class commercial bank in Nepal which provides entire commercial banking services. The bank was established with the largest capital base at the time with a paid up capital of NPR 1.0 billion. The paid up capital of the bank has since been increased to NPR 2.25 billion. The bank's shares are publicly traded as an 'A' category company in the Nepal Stock Exchange.
 
Pursuant to the liberalized economic policy of the government, majority of the commercial banks have established their head office in the Kathmandu valley. Witnessing the incredible potential the country offers outside the capital, the promoters have established the bank in Birgunj, the commercial hub of the nation. It is in line with the aim of the bank to be “The Bank for All” by giving necessary impetus to the economy through world class banking service.
 
For the day to day operations, the bank has been using the world renowned FINACLE software that provides real time access to customer database across all branches and corporate locations of the bank. This state of the art customer database has also been linked to a Management Information System that provides easy reach to all possible database information for balanced and informed decision making.  A disaster recovery system (DRS) of the Bank has also been established in the Western Region of Nepal (200 kms west of Kathmandu).
 
The bank has been able to achieve excellent diversification of its assets. A well balanced distribution of exposure in areas of national interest has been possible through long term forecasting and timely strategic planning. The bank has diversified interests in hydro power, manufacturing, textiles, services industry, aviation, exports, trading and microfinance projects, just to mention a few.
 
The exemplary performance of the bank in these last five years has elevated it to a premier status in the industry. The bank has been handling government transactions and is officially among the only 5 banks in Nepal to do so. The bank has been able to earn the trust and confidence of the public, which is reflected in the large and ever expanding customer base of the bank. Through all this the bank has been able to truly achieve its vision of being “The Bank for All”. Even with all this success, the bank remains internally focused towards manpower development, product innovation and process innovation etc, to have a strong and solid foundation, which are ongoing and continuous improvement initiatives undertaken by the management and staff alike.
 
Promoters
 
GBL has been promoted by a group of prominent indigenous entrepreneurs who have written a history of success in their field of ever growing business. The promoters of the bank include renowned, well established and respected businessmen/industrialists in Nepal from a variety of different sectors that include finance, remittance, trading, export, automotive services, manufacturing, media services and hydropower to name a few. The collective experience of the promoters have been realized to customize the bank's offerings and services to compete with best in the banking industry and instill a culture based on our core values of integrity, business ethics, teamwork, respect, humility, professionalism, loyalty and good governance.
 
Shareholders Structure
 
Authorized Capital of Global IME Bank is NPR 3,000 million and Paid up Capital is NPR 2,253 million. The promoters hold 69% while 31% is floated for the public. Current shareholder structure of the bank remains as below:
 
 

 

Percentage of Ownership

Capital Invested

Institutional Shareholders

42%

NPR 946 million

Individual Promoters

27%

NPR 607 million

Public Shareholders

31%

NPR 700 million

 

Total

NPR 2,253 million
 
 
Mission

To win respectable market share through customer focused quality products and services, innovative business solutions and technology driven banking thereby enhancing the growth and profitability of the bank so as to ensure the optimum benefit to all stake holders at all times.

Vision

The bank shares a common vision of “The Bank for All” amongst its Promoters, Directors, Management Team and Staff in commitment to providing the highest standard of services for customers from all regions and societies.

Board of Directors

The bank is led by an experienced and visionary Board of Directors driven towards the achievement of banking excellence:

 

Mr. Chandra Prasad Dhakal

Chairman

Mr. Suman Pokharel

Director

Mr. Suraj Kumar Shrestha

Director

Mr. Krishna Bahadur Kunwar

Director

Mr. Sudarshan Krishna Shrestha

Director

 

Management Team

The management team of the bank have been handpicked to include the most seasoned and experienced veterans from the industry who have previously shown the ability to lead and nurture an organization.

The management is led by Mr. Ratna Raj Bajracharya, previously a central banker and a prominent Chartered Accountant, who has been involved in banking for about four decades. His diverse experience/expertise includes, besides central banking, audit and financial consultancy, training and human resource development, project development (particularly banking and financial institutions, besides hydro, etc.) and their establishment, worked as the main local member with a team of expatriates for the management of a World Bank financed project under the Financial Sector Reform Project for the oldest bank of Nepal, Nepal Bank Limited. Thereafter, he led as the CEO of NCC Bank, turning around the bank’s balance sheet from a heavy negative net worth to a far better positive growth. Presently he is associated with GBL as its CEO.

Similarly, the Deputy Chief Executive Officer, Mr. Janak Sharma Poudyal, possesses about 25 years of banking experience. His experience includes working in entire gamut of banking activities, worked as the senior most founder member of staff for the establishment and operations of two indigenous commercial banks. Holds an international MBA from London, UK and also carries with him an international banking experience having previously worked for Barclays Bank, London.

The Deputy Chief Executive Officer, Mr. Yogeshwor Sharma Dhakal posses 40 years of experience in banking sector who has proven his metal during his tenure at Agricultural Development Bank and IME Financial Institution Ltd.

 

Mr. Ratna Raj Bajracharya

Chief Executive Officer

Mr. Janak Sharma Poudyal

Deputy Chief Executive Officer

Mr. Yogeshwor Sharma Dhakal

Deputy Chief Executive Officer

Mr. Surendra Regmi

Chief Credit Officer

Mr. Manoj Gyawali

Chief Finance Officer

Mr. Sudhir Gewali

Chief Manager - Remittance and General Services

Ms. Arati Rana

Branch Manager - Kantipath

Mr. Suresh Raj Maharjan

Chief Operating and Compliance Officer

Mr. Anil Joshi

Chief - Information Technology

Ms. Shanta Shiwakoti

Chief - Marketing and Business Promotions

Ms. Anamika Singh

Chief - Human Resources

Financial Highlights

The financial highlights of the bank as of July 15, 2012 were as follows:

Operating Profit before Provision

NPR 455.62 million

Net Profit

NPR 353.05 million

Total Deposits

NPR 26,933.77 million

Total Lending

NPR 20,764.48 million

Credit Deposit Ratio

71.37%

Bank's Product and Services

The bank offers a complete range of banking products in deposits, lending, trade finance and remittances. The bank’s deposit product portfolio encompasses customer tailored saving deposits, fixed deposits, call and current deposits.  The lending product portfolio includes commercial loan products such as demand loans, cash credits, overdrafts, trust receipts and term loans, whereas a complete portfolio of personal and retail credit products are also provided by the bank. Non-fund based products such as bank guarantees and letters of credit are also available to the bank’s customers. SMEs and Global Small Loans has been the focus for the year 2011/12. In continuation of living with its vision “The Bank for All”, the bank has launched Agricultural Loan in co-ordination with food processing industries as about 70% of the Nepalese population depend on agriculture for their livelihood. The Bank is one of the five commercial banks which are authorized to perform Government transactions.

Value Added Services

In addition to the above, the bank also offers a variety of value added services to its customers. The bank has also been providing Internet/Mobile Banking Services (through its website www.globalimebank.com), SMS Banking Services and SMS Notification Services among other such value added proposition to its customers. The bank has also been issuing VISA debit and VISA credit cards to its customers since 2009. GBL is the only bank to provide SMS alert to its customers on credit transactions and credit card transactions besides other transactions.

Correspondent Network

The bank has been maintaining harmonious correspondent relationships with 62 different international banks from various countries to facilitate trade, remittance and other cross border services. Through these correspondents the bank is able to provide services in any major currencies in the world. The bank also maintains its extension offices in India and Middle East to assist in the remittance of funds from overseas Nepalese workers. These services are soon to be expanded to South Korea.

Branch Network

The bank is now operating 64 branches spread throughout Nepal. All of the bank's branches have been established as full service outlets that offer a large range of banking services to its customers. The bank also operates 64 ATMs throughout the country strategically placed for the convenience of customers.

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