Laxmi Bank has completed 14 years of banking operations. Established in 2002 as a regional bank in Birgunj, the bank was upgraded to a national level bank in 2005. At present, the bank is serving its customers through 49 branches and a range of digital channels including 62 ATMs, internet and mobile banking services. “The Bank is widely recognized as one of the best managed banks in Nepal with high standards of corporate governance, risk management systems and strong technology,” the bank said in a press statement. 

The bank informed that it has 1.14% non-performing assets as of the end of the second quarter of the current financial year. The Bank currently has a balance sheet of Rs 47 billion with capital of Rs 3.03 billion. The bank’s 15th AGM held on February 11 has approved increasing the paid-up capital to Rs 8 billion by July 2017 in line with Nepal Rastra Bank regulations through capitalization of profits and issue of rights shares. “Further, the Bank is also open to mergers with likeminded financial institutions or acquisition provided such corporate actions add strategic and long term value,” states the bank. The bank thanked all its stakeholders for their support, trust and patronage on the occasion of entering the 15th year.