Tag: global

  • Global IME or Citizen International

    Global IME or Citizen International


    # I would like to know which stock is to pick in the current market for long term holding. GLOBAL IME BANK or CITIZEN INTERNATIONAL.

    View on r/NepalStock by ElectricalArachnid66

  • Arm IPO Draws Backing From Global Tech Giants

    Arm IPO Draws Backing From Global Tech Giants


    Arm IPO Draws Backing From Global Tech Giants

    View on r/NepalStock by The-Techie

  • “Global IME Balanced Fund 1 NAV: Rs. 9.82 as of Shrawan Month End”

    “Global IME Balanced Fund 1 NAV: Rs. 9.82 as of Shrawan Month End”


     

    In the month of Shrawan, the Net Asset Value (NAV) of “Global IME Balanced Fund – 1 (GIBF1)” dropped to Rs. 9.82 from the previous month’s Rs. 10.57. This closed-end fund, with a maturity period of 10 years, currently holds a total fund size of Rs. 1.02 Arba.

    The fund’s investments include Rs. 74.60 Crore in listed shares and Rs. 3.60 crore in non-listed shares. Additionally, it has Rs. 11.76 crores in the bank and holds other assets valued at Rs. 6.40 crores.

  • “Global IME Bank Records Impressive Q4 FY 79-80: Core Business Growth Drives Rs. 7.25 Arba Net Profit”

    “Global IME Bank Records Impressive Q4 FY 79-80: Core Business Growth Drives Rs. 7.25 Arba Net Profit”


     

    Global IME Bank Limited (GBIME) has released its fourth quarter report for the fiscal year 2079-80, revealing a significant rise in Net Profit to Rs. 7.25 Arba, marking a 46.26 percent increase from the previous year’s Rs. 4.95 Arba during the same period. The bank has seen notable growth in both Net Interest Income and Operating Profit, which have surged by 66.37 percent and 40.57 percent, respectively. GBIME achieved a total core business revenue of Rs. 17.11 Arba in FY 2079-80, contributing to an Operating Profit of Rs. 10.10 Arba up to the same period.

     

  • Global IME Balanced Fund 1 and Mega Mutual Fund 1 Release Last Month’s NAV Report

    Global IME Balanced Fund 1 and Mega Mutual Fund 1 Release Last Month’s NAV Report


     

    The “Global IME Balanced Fund – 1 (GIBF1)” NAV report for Chaitra has been released.

    The “Global IME Balanced Fund – 1” is a closed-end fund with a 10-year maturity horizon. The fund size of Global IME Balanced Fund – 1 is Rs. 1.02 Arba.

     

  • Mutual Fund Scheme of Global IME Capital "

    Mutual Fund Scheme of Global IME Capital "


     

    The Securities Exchange Board of Nepal (SEBON) has recently added “Global IME Samunnat Yojana -II” to its latest list of mutual fund scheme pipeline status.

    The Global IME Samunnat Yojana-II will have a fund size of Rs. 1.2 Arba divided into 12 Crore units with a par value of Rs.10 each. On Chaitra 19, the application was submitted to SEBON. The mutual fund scheme’s fund manager is Global IME Capital. Global IME Bank, on the other hand, is the scheme’s Fund Sponsor.

     

  • Economic growth is expected to slow to 4.1% in 2023, with inflation remaining at 7.4%, according to the Asian Development Bank.

    Economic growth is expected to slow to 4.1% in 2023, with inflation remaining at 7.4%, according to the Asian Development Bank.


     

    The Asian Development Bank (ADB) forecasts 4.1 percent economic growth in Nepal in 2023, with inflation at 7.4 percent.

    According to the April 2023 Asian Development Outlook (ADO), Nepal’s economic growth rate is expected to slow in 2023 compared to last year due to tight monetary policy, sluggish domestic demand, the unwinding of pandemic stimulus, and persistent global headwinds.

  • The NIC ASIA Laghubitta Parasi branch organizes a walkathon to commemorate the 11th Global Money Week.

    The NIC ASIA Laghubitta Parasi branch organizes a walkathon to commemorate the 11th Global Money Week.


    Through its sub-provincial office in Nawalparasi, NIC ASIA Laghubitta has organized a rally program to commemorate Global Money Week 2023 in Parasi.

     

    According to the media statement, the event was led by the Parasi Laghubitta Employee Forum, and participants carried placards for financial awareness.

     

  • Awesome New Phones for an Awesome New Season; Samsung will release the Galaxy A34 5G and Galaxy A54 5G in Nepal.

    Awesome New Phones for an Awesome New Season; Samsung will release the Galaxy A34 5G and Galaxy A54 5G in Nepal.


    Rumors have been circulating on the internet about the arrival of Samsung’s all-new A series smartphone in Nepal. With the global release of the Samsung Galaxy A34 5G and Galaxy A54 5G, there has been speculation in the Nepali market about when the fantastic new addition to Samsung’s beloved A-series phones will arrive in Nepal. They appear to have confirmed it now, as we can see some teaser posts about the A series on the official Samsung Nepal social media platforms, indicating that it will be released soon.

     

  • Commercial banks profited Rs. 36 Arba until the end of the fiscal year in Magh.

    Commercial banks profited Rs. 36 Arba until the end of the fiscal year in Magh.


    Statistics reveals that commercial banks combined have achieved a total net profit of Rs. 36 Arba and 89 crores. Nabil Bank is the most profitable of the 22 commercial banks, with a net profit of Rs. 4 Arba and 13 crores. Similarly, NIC Asia Bank had a net profit of Rs. 3 Arba and 67 crores. Global IME Bank, on the other hand, has made a net profit of Rs. 3 Arba and 55 Crores. Agricultural Development Bank, on the other hand, has the lowest net profit of Rs. 10 crores.

    – With the successful merger of Global IME Bank and Bank of Kathmandu, the joint transaction in the name of Global IME Bank began on Poush 25, 2079.

  • Following the merger with BOKL, 11.26 crore units of Global IME Bank’s .

    Following the merger with BOKL, 11.26 crore units of Global IME Bank’s .


    Global IME Bank Limited (GBIME) has added 112,614,336 new shares to the NEPSE.

    On 2nd Ashad, 2079, Global IME Bank Limited (GBIME) and Bank of Kathmandu Limited (BOKL) signed a merger agreement and agreed to a 1: 1 share swap ratio for the merger. As a result of the merger, the additional shares are now listed in NEPSE. After the merger, GBIME’s total listed shares were 245,096,261 and BOKL’s were 112,614,337.17, for a total of 357,710,597 unit shares.

     

  • Global IME Bank’s “11.25% Global IME Bank Debenture 2084/85” will close today & applications for a minimum of 25 units can be submitted.

    Global IME Bank’s “11.25% Global IME Bank Debenture 2084/85” will close today & applications for a minimum of 25 units can be submitted.


    Global IME Bank Ltd will close the public issuance of the “11.25% Global IME Bank Debenture 2084/85” today, February 5th.

    The issue had begun on the 29th of Magh and was scheduled to end on the 3rd of Falgun. Nevertheless, the bank earlier declared in a notification that the deadline will be extended until February 14, although the subscription would expire as soon as it is subscribed. Because the offering is now oversubscribed, the business will shut it today till the end of banking hours.

    50 lakh units would be issued at a par value of Rs.1000 each. 30 lakh units of the overall offer will be subscribed through private placement, while the remaining 20 lakh shares totaling Rs. 2 Arba are eligible for public issuance, with 5% reserved for mutual funds. The offering would generate a total of Rs 5 arba.

    Sunrise Capital Ltd has been named the issue manager. Investors can apply for as little as 25 units and as many as 100,000 units.

    The “11.25% Global IME Bank Debenture 2084/85” has a maturity duration of 5 years and will provide unit holders with 11.25% annual yields until the date of maturity.