Laxmi Bank

Laxmi Bank is the 16th commercial bank in Nepal, founded in 2002.

Laxmi Bank Limited
Public
Traded asNEPSE: LBL
IndustryBanking
Founded2002
HeadquartersLaxmi Bank Limited
Hattisar , Kathmandu
Area served
Nepal
Key people
Ajay Bikram Shah (CEO)
ProductsBanking
Number of employees
1200+
Websitewww.laxmibank.com

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 8.92 Billion (as of FY 2017-18) [1]

  • Promoter Group - 51.00%
  • General Public - 49.00%

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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