Global IME Bank Ltd.
Global IME Bank Ltd.
Kamaladi, Kathmandu, Nepal
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 eleven years has elevated it to a premier status in the industry. The bank has been handling government transactions and is officially among one of the few commercial banks trusted by the Government in handing Government revenue transactions of various offices. 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 with more than 1.10 million number of accounts in deposit base and above 24,000 in credit. 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.
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.
GIBL was appointed as the first handling bank unit of CREF (Central Renewable Energy Fund) under AEPC (Alternative Energy Promotion Center).
Authorized Capital of Global IME Bank is NPR 16,000 million and Paid up Capital is NPR 10.31 billion. The promoters hold 51.18% while 48.82% is floated for the public. Current shareholder structure of the bank is as below:
|Percentage of Ownership||Capital Invested|
|Promoter Shareholder||51.18%||NPR 5,276.92 million|
|Public Shareholders||48.82%||NPR 5,033.59 million|
|Total||100%||NPR 10,310.51 million|
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.
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.
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. GIBL's focus has been stretched out to financial supports to Corporate and Infrastructure Sectors with preference on renewal energy, SME, Retail and Micro Financing Loans. 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.
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. GIBL is the only bank to provide SMS alert to its customers on credit transactions and credit card transactions besides other transactions.
GIBL has introduced "Global Smart" an advance banking application with customized features on updated format for financial transaction through SMS and Internet Connectivity.
The bank has been maintaining harmonious correspondent relationships with above 60 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.
As part of financial inclusion, Global IME Bank has addressed new strategy of launching branchless banking service in the remotest parts of the country where presence of financial institutions are very less in number or not at all. Within the short duration of 3 years bank has already launched 189 branchless banking services catering more than 22,000 customers on their daily deposits and withdrawals. Our branchless banking locations also offer micro lending facility to small farmers and businessmen.
The bank is now operating 148 branches, 30 extension and revenue collection counters and 189 Branchless Banking facilities 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 149 ATMs throughout the country strategically placed for the convenience of customers.