Global Bank opens in Birgunj


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News item 4-1-2007

After almost half a decade after its establishment, a class A commercial bank, the Global Bank Ltd (GBL), has begun operations from Tuesday at Adarshanagar in Birgunj. The bank, which is the 19th commercial bank, has an authorised capital of two billion rupees and paid-up capital of a billion rupees. In terms of promoters' equity, the Global Bank is the largest private sector commercial bank so far, established in Nepal. Chandra Prasad Dhakal, chairman of GBL, started the banking operation yesterday at a function. Promoters of the bank include renowned entrepreneurs and senior businessmen of the country. "We will soon expand our services to different parts of the country," Dhakal said, adding that the bank will provide better returns on deposits and hassle-free loans to enterprises.

More about The Global Bank


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