Global IME Bank signs MoU with FAN to provide greenhouse loans
KATHMANDU: Global IME Bank and the Floriculture Association Nepal (FAN) have signed a memorandum of understanding (MoU) to promote the use of greenhouse technology in floriculture and ornamental plant production. The agreement also aims to develop a convenient loan system for growers.
The agreement, signed by Ashim Karmacharya, the bank’s head of infrastructure and project financing, and Rajesh Bhakta Shrestha, president of FAN, commits Global IME Bank to provide specialised greenhouse loans targeted at floriculture entrepreneurs and farmers. FAN will inform its members about the bank’s agricultural loan schemes.
The partnership aims to expand financial access for floriculture entrepreneurs and business owners seeking to invest in greenhouse technology, while boosting the production and productivity of flowers and ornamental plants across the country.
The initiative is expected to help entrepreneurs and farmers increase flower production and productivity, promote greenhouse technologies, develop quality infrastructure and enhance services. The partners said the collaboration should also encourage floriculture operators to adopt climate adaptation practices, sustainable business methods and modern technology.
Global IME Bank has been honoured by several national and international organisations. The bank has received awards including Bank of the Year 2014, Best Internet Bank 2016, Best Bank Nepal 2024 and 2025, Euromoney Award for Excellence 2022, 2024 and 2025, Best Bank ESG Nepal 2024, and Best Employer.
The bank is the first private sector commercial bank to establish a branch network across all 77 districts of Nepal. It provides services through more than 1,000 service centres, including 352 branch offices, 384 ATMs, 150 branchless banking services, 68 extension and revenue collection counters, and three foreign representative offices.
