•      Sat Apr 13 2024
Logo

Global IME and BOK Capital merger completed, integrated business begins



Kathmandu, Aug 22: The Global IME Capital Limited, a subsidiary company of Global IME Bank Limited, and BOK Capital Market Limited, a subsidiary company of then Bank of Kathmandu Limited, have merged with each other and the integrated business has been officially launched under the name of Global IME Capital Limited.

Global IME Bank Limited and Bank of Kathmandu have merged and started integrated business from 2079 Poush 25 under the name of Global IME Bank.

Nepal Securities Board Chairman Ramesh Kumar Hamal has formally launched the integrated business in a special program held in Kathmandu.

Addressing the launch ceremony of the integrated business, Chairman Hamal emphasized the need for more financial analysis while the merchant banker company is acting as an issuing and selling management and underwriter while also carrying out institutional responsibilities, as the merchant banker has an important role in the stability and development of the market, and effective service including institutional governance.

Chandra Prasad Dhakal, President of the Federation of Nepal Chamber of Commerce and Industry (FNCCI), suggested that since the company has been established as the second largest company in terms of capital after the merger, it should maintain the quality of service accordingly and follow the instructions of the regulatory body.

Dhakal also drew the attention of the regulatory body Nepal Securities Board to expand and modernize the scope of work currently being done by merchant bankers.

Global IME Capital Limited Chairman Premraj Joshi presided over the event and the Chief Executive Officer of Global IME Bank Limited, Ratnaraj Bajracharya, along with bank employees, regulatory body Nepal Securities Board, CDS and Clearing Limited were present in the event.