(GIBL) 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) in year 2012. Two more “B” class development banks (Social Development Bank and Gulmi Bikas Bank) merged with Global IME Bank Ltd in year 2013. Later, in the year 2014, Global IME Bank made anoth
er merger with Commerz and Trust Bank Nepal Ltd. During 2015-16, Global IME Bank Limited acquired Pacific Development Bank Limited (a "B" Class Development Bank) and Reliable Development Bank Limited (a "B" Class Development Bank). During 2019-20, Global IME Bank Limited acquired Hathway Finance Limited (a “C” class finance company), merged with Janata Bank Nepal Limited (an “A” class commercial bank) in year 2019 and merged with Bank of Kathmandu on January 9, 2023 to become the biggest bank in Nepal. Global Bank Limited (GBL) was established in 2007 as an ‘A’ class commercial bank in Nepal which provided entire commercial banking services. The bank was established with the largest capital base at the time with paid up capital of NPR 1.0 billion. The paid-up capital of the bank has since been increased to NPR 36.1287 billion. The bank's shares are publicly traded as an 'A' category company in the Nepal Stock Exchange. 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. 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. GIBL has been conferred with “The Bank of the Year Award 2014” for Nepal by the Bankers Magazine (Publication of the Financial Times, UK), “Best Internet Bank 2016- Nepal” by International Finance Magazine, London and “Best Employer Award 2018” by World HRD Congress, India. "Nepal's Best Bank" in 2022 by Euromoney Magazine (Awards for Excellence), London, UK. GIBL was appointed as the first handling bank unit of CREF (Central Renewable Energy Fund) under AEPC (Alternative Energy Promotion Center)
CORRESPONDENT NETWORK
The bank has been maintaining harmonious correspondent relationships with more than 60 different international banks, more than 124 (RMA) and 29 Nostro Account 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 has established three representative Office in Sydney-Australia, New Delhi-India and Aldershot, Hampshire-United Kingdom. The bank has tied up with licensed partners from more than 13 countries for remittance to Nepal which consists of 40 plus receiving partners/banks. The remittance payment of the bank can be collected from more than 50,000 IME and GME’s agents along with the bank’s own branch network. Mobilization of its International Representatives as well as business partners both inside and outside the country in bringing an influx of remittance inside the country.
