Global IME Bank has partnered with the Bank Albilad of Saudi Arabia for providing remittance service. The remittance service was formally inaugurated on Wednesday amidst a special function organized at the headquarters of Bank Albilad, Saudi Arabia.
With the formal inauguration of the remittance service, the customers can easily send money from Bank Albilad, Saudi Arabia to Nepal at the best rate. Similarly, the money can be collected from all Global IME Bank branches and more than 15,000 agent network of IME and GME all over Nepal.
Nepali Ambassador to Saudi Arabia Prof. Dr. Mahendra Prasad Singh Rajput attended the program as chief guest. Global IME Bank’s Chairman Chandra Prasad Dhakal and senior officials from both the banks were present on the occasion.
Speaking on the occasion, Ambassador Singh said that the partnership between two large banks of Nepal and Saudi Arabia would help channelize the remittance through the banking channel and also help bring Saudi investment in Nepal.
Stating that there was a favorable investment climate in Nepal, Singh said that the partnership of the two banks would also help promote Saudi investment in different sectors in Nepal.
Global IME Bank’s Chairman Dhakal said that the partnership between the two large banks would ease the remittance service and also bring in the remittance through formal banking channels.
Earlier on May 27, an agreement was signed between the two banks. Mahesh Sharma Dhakal, Acting Chief Executive Officer of Global IME Bank and Omar Al-Hussain, General Manager of Bank Albiladhad signed on the agreement.
Global IME Bank has already partnered with different companies in KSA, UAE, Qatar, Bahrain, Malaysia, India, UK, Australia, South Korea, Japan, and Jordan, among others.