Kathmandu, Aug. 22
Global
IME Capital Limited, a subsidiary company of Global IME Bank Limited, and BOK
Capital Market Limited, a subsidiary company of erstwhile Bank of Kathmandu
Limited, have merged into one - Global IME Capital Limited.
The
merged company launched the joint operation on Tuesday.
Global
IME Bank Limited and Bank of Kathmandu had merged and started joint operation from
January 2023 under the name of Global IME Bank.
Chairman
of the Securities Board of Nepal (SEBON), Ramesh Kumar Hamal, formally launched
the integrated business operation from the new company at a programme organised
in Kathmandu.
Addressing
the programme, Hamal said that merchant banker has an important role in the
stability and development of the capital market, and effective service
including institutional governance. He asked the merchant bankers to provide
quality service to the customers.
According
to him, the SEBON is playing its parental role and if the merchant bankers take
one step forward for new financial tools in relation to market expansion, the
board is ready to take two steps forward.
Chandra
Prasad Dhakal, President of the Federation of Nepalese Chambers of Commerce and
Industry, suggested that since the company has been established as the second
largest merchant banking company in Nepal in terms of capital after the merger,
it should maintain the quality of service accordingly while following the
instructions of the regulatory body.
He
also drew the attention of the SEBON to expand and modernise the scope of work
for the merchant bankers.
Chairman
of Global IME Capital Limited, Premraj Joshi, Chief Executive Officer of Global
IME Bank Limited, Ratnaraj Bajracharya, along with bank employees, and
officials from SEBON and CDS and Clearing Limited were present at the event.
Published in The Rising Nepal daily on 23 August 2023.
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