Swiss Investment Fund
for Emerging Markets

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Global IME Bank

Global IME Bank is the largest bank in Nepal. It provides financial services to financially underserved MSMEs through a widespread branch network and a variety of products including for agribusinesses and women.

Global IME Bank

Global IME Bank is the largest bank in Nepal. It provides financial services to financially underserved MSMEs through a widespread branch network and a variety of products including for agribusinesses and women.

Investment strategy

Development Rationale

MSMEs and the agriculture sector count for a majority of jobs in Nepal. Providing them suitable financial services helps them to grow, develop their businesses and create jobs. The bank offers trailored products for women.

Investment Rationale

The bank provides financial services to farmers and agri-businesses. It operates in a priority and LDC country and reaches underserved communities. The investment can potentially support projects of the Swiss Cooperation program in the country.

Contribution to strategic objectives

  • Job creation
  • Contribution to essential goods/innovation: access to financial services
  • Priority countries: Nepal

Additionality

  • Financial Additionality: longer-tenor loan helps to ease the ALM-mismatch. Earmarked for agribusinesses, an underserved sector
  • Sustainability Additionality: aligned with international standards
Reference code
2023-09
Status
Committed
Date of commmitment
December 2023
Date of exit
-
SIFEM commitment
USD
10,000,000
Asset class
None
Investment strategy
None