PROJECT

Projects

Summary of Investment Information

Project Number

41537

Company Name

GLOBAL IME BANK LIMITED.

Date SPI Disclosed

Jun 5, 2018

Country

Nepal

Region

South Asia

Projected Board Date

Jun 19, 2018

Environmental Category

FI-2 - Limited

Status

Completed

Last Updated Date

Oct 28, 2023

Department

Regional Industry - FIG Asia & Pac

Industry

Financial Markets

Previous Events

Approved : Nov 28, 2018
Signed : Jun 23, 2019
Invested : Oct 2, 2019

Sector

Commercial Banking - General

Project Description

The project is a credit line of US$20 million to be extended to Global IME Bank Ltd. (the Bank or GIME). The project will provide funding to the Bank to support the entities primarily, but not limited to Small and Medium Enterprises (“SMEs”) engaged in tourism, agriculture, micro finance and small & cottage industry sectors, as defined in the priority sector guidelines by NRB.

In terms of size and capitalization, the bank ranks 5th, among private sector commercial banks in Nepal. The total asset base and loan portfolio of the Bank were NPR124 billion (US$1,151 million equivalent) and NPR89.7 billion (US$833 million equivalent), respectively, as of April 13, 2018.       

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation