Global IME Bank Surpasses Rs 500 Billion in Deposits

BFIS News
2024 Jul Thu 21:48

Global IME Bank Surpasses Rs 500 Billion in Deposits

Kathmandu. Global IME Bank’s milestone, contributing around 8.83% of the commercial bank industry’s total deposits, showcases its leading position among peers.

Global IME Bank Limited has surpassed total deposit of Rs 500 billion, marking a major milestone in the bank’s growth.

This achievement highlights Bank's strong position in the Nepali banking fraternity and reflects public confidence in the bank's stability and services.

As per the recent report of 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’s milestone, contributing around 8.83% of the commercial industry’s total deposits, showcases its leading position among peers.

Over recent years, Global IME Bank has consistently outperformed many competitors in deposit growth, achieving a rate higher than the industry average. This success is due to its extensive branch network and digital banking services, expanding its reach in both urban and rural areas and attracting a broad customer base.

Global IME Bank has been proactive in adopting new technologies to enhance customer experience. Investments in digital banking platforms, mobile apps, and online services have drawn tech-savvy customers, significantly boosting deposit growth.

Global IME Bank's milestone mirrors broader trends in Nepal’s banking industry, where competition is rising and banks are focusing on innovative solutions to attract and retain customers. This achievement highlights the signifinace of customer trust, quality service, and technological advancement.

Ratna Raj Bajracharya, Chief Executive Officer of Global IME Bank, expressed his gratitude towards customers and stakeholders, stating, "Reaching Rs 500 billion in deposits is a remarkable achievement for Global IME Bank. This milestone is a testament to our commitment to providing exceptional banking services and building lasting relationships with our customers. We will continue to innovate and strive for excellence in all aspects of our operations."

As Global IME Bank continues to grow, it aims to further strengthen its market position by expanding services, enhancing customer experience, and leveraging technology. The bank’s focus on sustainable growth and financial inclusion will play a crucial role in its future endeavors.

Global IME Bank’s achievement of surpassing Rs 500 billion in deposits is not just a reflection of its success but also an indicator of the evolving dynamics of the Nepali banking industry. This milestone sets a new standard for excellence and growth, inspiring other banks to pursue greater financial inclusion and customer satisfaction.

Global IME Bank, Nepal's largest commercial bank, stands as a beacon of banking excellence with its extensive network spanning 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 centers, 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.

Catering to the diverse needs of more than 4.8 million customers, the bank prides itself on providing exceptional services and facilities, making banking accessible to everyone. This commitment to inclusivity drives the bank's expansion efforts, enhancing its reach and service offerings continually.

In addition to its role in providing banking services to Nepali citizens, Global IME Bank plays a pivotal role in the country's economy by facilitating remittances from various countries worldwide.

Its robust network enables seamless transactions, connecting Nepali diaspora from countries such as the United States of America, United Kingdom, Canada, Australia, Malaysia, South Korea, Japan, Saudi Arabia, Qatar, UAE, Bahrain, Kuwait, India, Jordan, Hong Kong, and others to their loved ones back home.