The merger process between Global IME, Social Development and Gulmi
Bikas is set to gather steam with the Nepal Rastra Bank issuing a Letter
of Intent on 8 July, 2013.
Global IME signed a memorandum of understanding (MoU) with Gulmi Bikas Bank on May 28, 2013. Only two weeks before that, Global IME Bank and Social Development Bank had signed a MoU to enter a merger process.
Global IME Bank was formed after a merger between Global Bank and two finance companies -- IME Financial Institution and Lord Buddha Finance.
Global IME signed a memorandum of understanding (MoU) with Gulmi Bikas Bank on May 28, 2013. Only two weeks before that, Global IME Bank and Social Development Bank had signed a MoU to enter a merger process.
Global IME Bank was formed after a merger between Global Bank and two finance companies -- IME Financial Institution and Lord Buddha Finance.
