News: Global IME Bank, a leading commercial bank in Nepal, is a popular choice among investors for its robust performance and promising prospects. Here’s an update on the bank’s share price as of today.
Today’s Share Price
As of the last trading session, the market price of Global IME Bank’s shares stands at NPR 181.30. The bank’s shares have seen some fluctuations, with a 52-week high and low of NPR 241.90 and NPR 176.00, respectively.
Financial Performance
Global IME Bank has a strong financial standing, with an earnings per share (EPS) of 11.31. The bank’s price-to-earnings (P/E) ratio is 16.03, indicating a healthy market valuation.
Dividend History
The bank has a history of rewarding its shareholders with dividends. In the fiscal year 079-080, it declared an 8.00% dividend.
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About Global IME Bank :
Global IME Bank Ltd. (GIBL) is a leading commercial bank in Nepal, known for its robust performance and promising prospects. Here’s an overview of the bank’s journey and its current standing.
The Journey of Global IME Bank
The Bank emerged after the successful merger of Global Bank Ltd (an “A” class commercial bank), IME Financial Institution (a “C” class finance company), and Lord Buddha Finance Ltd. (a “C” class finance company) in 2012. Over the years, it has merged with several other banks and financial institutions, becoming the largest commercial bank in Nepal.
Current Standing
Today, The Bank stands as a premier institution in the banking industry. It has a customer base of over 4.6 million and a strong domestic network across all 77 districts of Nepal. The bank’s shares are publicly traded as an ‘A’ category company in the Nepal Stock Exchange.
Frequently Asked Questions
1. What is the current share price of Global IME Bank?
As of the last trading session, the market price of the Bank’s shares is NPR 181.30.
2. What is the financial performance of Global IME Bank?
Global IME Bank has a strong financial standing, with an earnings per share (EPS) of 11.31 and a price-to-earnings (P/E) ratio of 16.03.
3. Does Global IME Bank pay dividends to its shareholders?
Yes, the Bank has a history of rewarding its shareholders with dividends. In the fiscal year 079-080, it declared an 8.00% dividend.
4. What is the 52-week high and low of Global IME Bank’s shares?
The 52-week high and low of Global IME Bank’s shares are NPR 241.90 and NPR 176.00, respectively.
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Here’s a detailed overview of Global IME Bank:
1. History and Formation
Global IME Bank was created with the vision of expanding banking services to a wide range of customers in Nepal. By merging multiple financial institutions, it strengthened its capital base and reach. Since its establishment, the bank has played a major role in Nepal’s financial sector, offering comprehensive banking solutions across the country.
2. Products and Services
Global IME Bank offers a wide array of services catering to both individual and corporate clients. These include savings and current accounts, loans (such as home, personal, and business loans), remittance services, and trade finance. It also offers investment services and various types of debit and credit cards. In addition, it has a strong presence in international banking, helping Nepalese abroad with remittances and other financial services.
3. Digital Banking
The bank is known for its commitment to innovation and digital banking. It offers internet and mobile banking solutions that allow customers to conduct transactions, pay bills, transfer money, and access other services online. Global IME Bank also provides modern digital payment solutions like QR code-based payments and e-commerce payment gateways.
4. International Presence
Global IME Bank has expanded its reach beyond Nepal by providing remittance services to countries with large Nepalese communities, including the Gulf countries, Malaysia, India, and several Western nations. The bank has tie-ups with various international money transfer operators, allowing people to send and receive money from different parts of the world.
5. Social Responsibility and Development
As one of Nepal’s leading banks, Global IME Bank plays an active role in corporate social responsibility (CSR). It supports various social initiatives related to education, health, and environmental sustainability. The bank also contributes to national development by financing key sectors such as agriculture, tourism, and infrastructure.
6. Awards and Recognition
Global IME Bank has received several awards and recognition for its contributions to Nepal’s financial industry. It has been lauded for its efforts in expanding banking services to rural areas, fostering financial inclusion, and embracing digital technology.
Global IME Bank continues to grow as a key player in the Nepalese banking industry, with a commitment to offering innovative banking solutions while maintaining financial stability.
