Industry Banking Key people Sudesh Khaling (CEO) Website www.laxmibank.com Headquarters Kathmandu Type of business Private | Area served Nepal Products Banking Founded 2002 Number of employees 500 | |
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Laxmi Bank was incorporated in April 2002 as the 17th commercial bank in Nepal.
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In 2004 Laxmi Bank merged with HISEF Finance Limited, a first generation finance company. This is the first merger in the Nepali corporate history.
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.
Laxmi bank
Ownership structure
The Bank currently has a paid up capital of Nepalese Rupees 2.33 Billion.
Bank Network
The bank has its branch network spread across following locations. The bank's foothold in the Eastern Regions of the country is seen significant in terms of both its bank branch network and Agency Network for Remittance (Domestic Agency Network or International Agency Network) services.
Locations Within Kathmandu Valley
Locations outside Kathmandu Valley
Subsidiaries
The bank's subsidiaries are as follows: