According to the agreement signed between Ratnaraj Bajracharya (CEO of Global IME Bank) and Jörg Frieden (The Chairman of SIFEM), the Swiss Investment Fund for Emerging Markets will invest $10 Million in Global IME Bank. Global IME Bank is the first commercial bank in the private sector to have branches in all the districts of Nepal and has 4.6 million customers. It has 1100 service centers, including 354 branch offices, 379 ATMs, 277 branchless banking services, 68 extension and revenue collection counters, and 3 foreign representatives.
The main purpose of this foreign investment is to provide financial access to agriculture, micro, small, and medium enterprises to compete in the market. It aims to provide financial inclusion and to create jobs.
The Embassy of Switzerland in Nepal has expressed its happiness through its official social network that this investment has been able to cooperate with a bank of this big scale to expand agriculture and help the micro, small, and medium businesses in Nepal.
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