Global IME Bank's total deposits surpass Rs 500 billion mark

KATHMANDU, JULY 12: Global IME Bank Limited has surpassed a total deposit of Rs 500 billion, dubbed as a major milestone in the bank’s growth. According to a recent report by the Nepal Rastra Bank, total deposits across all commercial banks in Nepal reached Rs 5,674 billion, driven by financial inclusion, economic activities, and remittance inflows.

"Global IME Bank alone contributing around 8.83% of the commercial industry’s total deposits showcases its leading position among peers," states a press release issued by the institution.

"Reaching the Rs 500 billion mark in deposits is a remarkable achievement for Global us. This milestone is a testament to our commitment to providing exceptional banking services and building lasting relationships with our customers," the release quoted Ratna Raj Bajracharya, Chief Executive Officer of Global IME Bank, as saying. "We will continue to innovate and strive for excellence in all aspects of our operations." 

 

Global IME Bank, Nepal's largest commercial bank, has its network in all 77 districts of the country. Notably, it is the first private-sector bank to establish branches in every district, marking a milestone in Nepal's banking landscape.

With over 1,100 service centres, including 354 branch offices, 384 ATMs, 277 branchless banking services, 68 extension and revenue collection counters, and 3 foreign representative offices, Global IME Bank ensures accessibility and convenience for its customers across the nation. It boasts a customer base of 4.8 million