Global IME Bank highest taxpayer in banking sector

KATHMANDU, Nov 23: Global IME Bank has emerged as the highest taxpayer among all banks and financial institutions in Nepal for the fiscal year 2021/23.

The bank has contributed a corporate tax of Rs 3.2 billion during this period. At present the Global IME Bank holds the position of the largest bank in the country in terms of capital. It has a paid-up capital of Rs 35.77 billion, the Global IME Bank said in a press release.

Established in 2007 as a commercial bank, Global IME Bank achieved this status through the merger and acquisition of 21 banks and financial institutions, including five commercial banks, 10 development banks, and six finance companies.

The bank is actively pursuing digitization and has embraced 'Vision-2025', a strategic plan aimed at doubling its business with the utilization of modern technologies and digitization.

The bank has established a nationwide presence with 350 branches, 369 ATM counters, 322 branchless units, and 64 extension counters across all 77 districts of Nepal. It has also expanded its reach internationally with representative offices in London (UK), New Delhi (India), and Sydney (Australia), maintaining three international contact points.

With a customer base exceeding 4.2 million and a workforce of more than 4,000 employees, Global IME Bank continues to solidify its position as a key player in the banking sector.