Laxmi Bank

Laxmi Bank Limited
Private
Traded as NEPSE: LBL
Industry Banking
Founded 2002
Headquarters Laxmi Bank Limited
Hattisar , Kathmandu
Area served
 Nepal
Key people
 Sudesh Khaling (CEO)
Products Banking
Number of employees
 500+
Website www.laxmibank.com

Laxmi Bank was incorporated in April 2002 as the 17th commercial bank in Nepal.

In 2004 Laxmi Bank merged with HISEF Finance Limited, a first generation finance company. This is the first merger in the Nepali corporate history. In 2016, the Bank also acquired Professional Diyalo Bikas Bank, a regional development Bank.

Laxmi Bank is a Category ‘A’ Financial Institution and re-registered in 2006 under the Banks and Financial Institutions Act of Nepal. The Bank’s shares are listed and actively traded in the Nepal Stock Exchange.

The bank is primarily recognized for its stringent credit policies, conservative approach to banking and pioneers in technological innovations in the banking services.

Ownership structure

The Bank currently has a paid-up capital of Nepalese Rupees 7.472 Billion(as of FY 2016-17) [1]

  • Promoter Group - 63.97%
  • General Public - 36.03%

Subsidiaries

The bank's subsidiaries are as follows:

  • Laxmi Capital Market Limited (100%)
  • Laxmi Laghubitta Bittiya Sanstha (70%)

References

Laxmi Bank Limited [2] Nepal Rastra Bank [3] and “Laxmi Bank – eXpress Money Transfer” (eMT) [4] Bank and Financial Institution Act [5] Prime Life Insurance [6]

  1. ↑ http://laxmi.laxmibank.com/
  2. ↑ Laxmi Bank Limited
  3. ↑ Nepal Rastra Bank
  4. ↑ Laxmi Bank - eXpress Money Transfer
  5. ↑ Bank and Financial Institution Act
  6. ↑ Prime Life Insurance
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