Global bank and IME Financial Institution on friday signed a memorandum of understanding (MoU) for merger. Both the institution are promoted by the same group and this initiative has come at time when the central bank is considering forcing (single business group / family ) to go for unification .
IME Investment Pvt. Ltd. and World Wide Investment have around 20 percent share in Global Bank . Likewise , international money express and world wide investment have 30 percent share in IME Financial institution .
The merged entity will be named Global IME Bank , according to a senior official at IME financial institution. Last month , the Nepal Rastra Bank (NRB) had held talk with two commercial bank that have almost same set of promoters, for the possible merger.
IME Investment Pvt. Ltd. and World Wide Investment have around 20 percent share in Global Bank . Likewise , international money express and world wide investment have 30 percent share in IME Financial institution .
The merged entity will be named Global IME Bank , according to a senior official at IME financial institution. Last month , the Nepal Rastra Bank (NRB) had held talk with two commercial bank that have almost same set of promoters, for the possible merger.
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