Laxmi Bank

Laxmi Bank Limited
Type	Private
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.

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 2.33 Billion.

Promoter Group - 55.42%
Citizen Investment Trust - 9.02%
General Public - 35.56% (more than 10,000 shareholders)

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

Hattisar(Head Office)
Pulchowk
Teku
New Road
New Baneshwor
Bhatbhateni
Maharajgunj
Lagankhel
Sukedhara
Bhaktapur (Click Here for its location map)

Locations outside Kathmandu Valley

Birgunj
Banepa
Pokhara
Pokhara Industrial District (PID)
Biratnagar
Narayanghat (Click Here for its location map)
Parsa
Janakpur
Itahari
Bhairahawa
Nepalgunj
Butwal
Taulihawa
Dharan
Damak
Charikot
Khadichaur
Hile (Click Here for its location map)
Birtamode (Click Here for its location map)
Ilam (Click Here for its location map)
Walling (Click Here for its location map)
Dhangadhi (Click Here for its location map)
Kohalpur (Click Here for its location map)
Bhojpur
Bardibas
Shreenagar
Ghorahi

Subsidiaries

The bank's subsidiaries are as follows:

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

References

Laxmi Bank Limited ^[1] Nepal Rastra Bank ^[2] and “Laxmi Bank – eXpress Money Transfer” (eMT) ^[3] Bank and Financial Institution Act ^[4] Prime Life Insurance ^[5]

External links

This article is issued from Wikipedia - version of the Friday, April 29, 2016. The text is available under the Creative Commons Attribution/Share Alike but additional terms may apply for the media files.