KATHMANDU: Global IME Bank Limited and Adhyanta Fund Management Limited have signed a memorandum of understanding to enhance financial access and investment in small and medium enterprises (SMEs). The agreement aims to strengthen the financial outreach and support the growth of SMEs across Nepal.
The MoU was signed by Chitra Kumar Chalise, Head of the SME and Retail Lending Department at Global IME Bank, and Santosh Thapa, Chief Executive Officer of Adhyanta Fund Management Limited.
Adhyanta Fund Management has been providing technical assistance, consultancy, and other services to small and medium-sized entrepreneurs to help them expand their businesses and improve their operational capacities. The collaboration between the bank and Adhyanta is expected to provide entrepreneurs with various training programs and facilitate easier access to finance, thereby contributing to the overall economic growth of the country.
By leveraging Adhyanta’s experience in the SME sector, Global IME Bank aims to play a crucial role in expanding credit facilities to entrepreneurs, thereby fostering business expansion and entrepreneurship in this vital sector. The bank has been consistently introducing timely and relevant schemes to benefit its customers, keeping their needs in focus.
Global IME Bank is Nepal’s first private sector commercial bank with a branch network spanning all 77 districts of the country. The bank operates 354 branch offices, 379 ATMs, 255 branchless banking services, 68 extension and revenue collection counters, and three foreign representative offices, providing services through more than 1,100 service centers.
As a bank that offers banking services to all, Global IME Bank continues to deliver excellent service to its customers through various schemes and facilities. The bank also plays a significant role in the national economy by facilitating remittances from countries such as the United States, the United Kingdom, Canada, Australia, Malaysia, South Korea, Japan, Saudi Arabia, Qatar, the UAE, Bahrain, Kuwait, India, Jordan, and Hong Kong, among others.