WCS2 GIME Bank (IFC-41537)

Regions
  • South Asia
Where the impacts of the investment may be experienced.
Countries
  • Nepal
Where the impacts of the investment may be experienced.
Financial Institutions
  • International Finance Corporation (IFC)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Proposed
Bank Risk Rating
U
Risk rating varies among banks and may refer only to the particular investment and not to the risk for the project as a whole. Projects marked 'U' have an 'Unknown' risk rating at the time of disclosure.
Voting Date
Jun 19, 2018
The estimate day the bank will vote on a proposed investment. The decision dates may change, so review updated project documents or contact the EWS team.
Borrower
GLOBAL IME BANK LIMITED.
The holder of the loan, grant, or other investment.
Sectors
  • Finance
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Loan
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD)
$ 20.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Primary Source

Original disclosure @ IFC website

Updated in EWS Mar 29, 2019

Disclosed by Bank Jun 5, 2018


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Project Description

The project will provide funding to Global IME Bank Ltd in Nepal. The funding, through Global IME Bank Limited, will support the entities primarily, but not limited to Small and Medium Enterprises engaged in tourism, agriculture, micro finance and small & cottage industry sectors. 

The objective of the funding is to increase access to financing for tourism, agriculture, micro finance and small & cottage industry sectors in Nepal, a sector which is financially deprived due to the low supply of credit.

Investment Description
  • International Finance Corporation (IFC)
Private Actors

Global IME Bank Limited provides commercial banking services in Nepal. It offers saving, fixed, and current deposit products; and loans and advances, such as consumer/personal, small business, small and medium enterprises, and corporate loans.

Contact Information

For inquiries about the project

GIME Bank Limited 
Ms. Shanta Shiwakoti 
Chief Operating Officer 

Email and telephone contacts not provided at the time of disclosure.

shanta.siwakoti@gibl.com.np 
Corporate Office, Kathmandu 
www.globalimebank.com 

For inquiries and comments about IFC

General IFC Inquiries
IFC Communications
2121 Pennsylvania Avenue, NW
Washington DC 20433
Telephone: 202-473-3800
Fax: 202-974-4384

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