Global IME Acquires Reliable

July 10: Global IME Bank Ltd has started integrated transaction after acquiring Reliable Development Bank.

Finance Minister Gyanendra Bahadur Karki inaugurated the integrated transaction amid a program held on July 9. With this acquisition, Global IME has become the leading bank in Nepal to merge with or acquire 10 financial institutions.

After the acquisition, the bank’s paid-up capital has reached Rs 8.08 billion, deposit to Rs 97.70 billion and loan to Rs 82 billion, as announced during the program.

Also, the bank now has 112 branches, representative offices in India and Australia, 114 ATM outlets, five extension counters and 46 branchless banking services.