globalimebank

We can’t expect the economy to improve unless credit mobilisation of BFIs to the private sector picks up

The country’s banking sector has been moving ahead through a turbulent time along with consistent slowdowns in the economy for the last few years. Soaring non-performing loan (NPL) has raised eyebrows regarding the asset quality of banks. Low credit growth, recovery challenges, and negative profit growth have posed manifold challenges in the financial sector as …

We can’t expect the economy to improve unless credit mobilisation of BFIs to the private sector picks up Read More »

Global IME Bank receives investment of $56 million from IFC

International Finance Corporation, a member of the World Bank Group, is investing $56 million in Global IME Bank Limited (GIBL), to help increase access to finance for smaller businesses in Nepal, including women-owned firms, and foster climate-friendly projects. “The aim is to boost competitiveness in the small and medium enterprise (SME) finance market while also …

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