Pokhara. Global IME Laghubitta Bittiya Sanstha ltd. has started joint transction from Wednesday after acquiring Sparsh Laghubitta Bittiya Sanstha ltd.
Global IME Laghubitta Bittiya Sanstha ltd, headquartered in Besisahar-8, Lamjung, has started joint Transction under the name of Global IME Laghubitta Bittiya Sanstha ltd. after acquiring Sparsh Laghubitta Bittiya Sanstha ltd, headquartered in Pokhara Metropolitan City-26, Kaski. The joint Transction was started from the central office of the organization in Pokhara-26.
The joint transction Launch Program was chaired by Buddhi Akela, Chairman of the Board of Directors of Global IME Microfinance and hosted by Ratnaraj Bajracharya, Chief Executive Officer of Global IME Bank. The organization conducting the program. Chief Executive Officer Harikrishna Joshi. Coordinator of the Joint Procurement Committee and Director of the organization Rupendra Wagle delivered a welcome speech at the program.
After the consolidated transaction, the company has a total paid-up capital of Rs 431.72 million, a total loan investment of Rs 6.146 billion, deposits and savings of Rs 2.369 billion and a total of 99 branches in 51 districts of the country. Financial services are being provided through offices. The total customer members of the organization are 123,413 while 63,290 indebted members are availing loan facility under various headings.
The chief guest of the program, Bajracharya, said that there was a problem of duplication in the microfinance sector and one of the solutions was merger and acquisition. He said that the merger and acquisition would help to be a successful and strong institution and also the policy of Nepal Rastra Bank.