Laxmi Bank Limited

Overview

Laxmi Bank was incorporated in April 2002 as the 16th commercial bank in Nepal.

In 2004 Laxmi Bank merged with HISEF Finance Limited, a first generation financial company which was the first and ever 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 (NEPSE).

We are a technologically driven progressive Bank with strong risk and corporate governance foundations. We are known for our innovation and claim to many “firsts” in the Nepalese financial market. We have the best asset quality among all financial institutions in the country and our technology has been rated “Highly Secure” by an independent internationally accredited information system auditors.


Laxmi Bank’s award winning Annual Reports has set the standards for quality, presentation and disclosure for the Nepalese corporate sector to follow since 2005.

Laxmi Bank promotes a separate life insurance company – Prime Life Insurance Limited which came into operation in 2009.


Profile

Incorporation

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 (NEPSE).


Mission Statement

We are committed to excellence in delivery of entire gamut of financial services
in order to achieve sound business growth and maximize stakeholder values by embracing team spirit, progressive technology and good corporate governance.

Our Values

Our values are built around high standards of good corporate governance. Transparency,professionalism and high ethical tone at the leadership are foundations on which our actions are based. Laxmi Bank’s Code of Conduct encapsulates international best practices applicable to Nepali context. The level of commitment of our people to take Laxmi Bank to greater heights has been a huge catalyst. The team spirit within the organization is something we are proud of.

Our Vision

   Provider of most integrated financial services
   Key player and a thought leader in the retail financial services
   A bank with the best asset book
   Best IT capability
   Preferred employer in the financial sector