January 9: Following the successful merger between Global IME Bank and Bank of Kathmandu, the two banks have started an integrated transaction from Monday.
Prime Minister Pushpa Kamal Dahal inaugurated the joint transactions at a ceremony organized in Kathmandu on Monday.
The integrated transaction will be carried out under the name “Global IME Bank Limited”.
Following the merger, the bank's total capital has reached Rs 57 billion, paid-up capital has reached Rs 35.77 billion with total deposits of Rs 408 billion and loans of Rs 376 billion.
The merged bank will comprise five boards of members from Global IME and two from Bank of Kathmandu.
Ratna Raj Bajracharya will be the CEO of the bank. The bank will have 365 branches, 367 ATMs, 286 branchless banking services, and three contact offices in foreign countries.