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Laxmi Bank

FieldValue
nameLaxmi Sunrise Bank Limited
लक्ष्मी सनराईज बैंक लिमिटेड
logoLaxmi Bank logo.png
typePublic
traded_as
foundationApril 2002
locationLaxmi Sunrise Bank Limited
Hattisar, Kathmandu
num_locations265 Branches
key_peopleMr. Raman Nepal (chairman)
Mr.Ajaya Bikram Shah (CEO)
productsconsumer banking, corporate banking, finance and insurance, investment banking, mortgage loans, private banking, private equity, savings, Securities, asset management, wealth management, Credit cards,
area_servedNepal
industryBanking
num_employees2000+
subsidLaxmi Capital Market Limited
homepagewww.laxmisunrise.com

लक्ष्मी सनराईज बैंक लिमिटेड Hattisar, Kathmandu| Mr.Ajaya Bikram Shah (CEO)

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

History

In 2004 Laxmi Bank merged with HISEF Finance Limited, a first-generation finance company. This is the first merger in 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 also promoted a life insurance company known as Prime Life Insurance in 2007 and holds 15% shareholding stake in it.

The bank is primarily recognized for its stringent credit policies, conservative approach to banking and pioneers in technological innovations in banking services. Laxmi Bank's microfinance subsidiary – Laxmi Laghubitta Bittiya Sanstha Ltd, a category D financial institution licensed by Nepal Rastra Bank is in operation since 2012.

Ownership structure

The Bank currently has a paid-up capital of 9.81 billion Nepalese rupees (as of FY 2018-19).

  • Promoter Group - 51.05%
  • General Public - 48.95%

Subsidiaries

The bank's subsidiaries are as follows:

  • LS Capital Limited
  • Laxmi Laghubitta Bittiya Sanstha
  • Sunrise securities Limited

References

Laxmi Bank Limited Laxmi Bank Limited Nepal Rastra Bank and “Laxmi Bank – eXpress Money Transfer” (eMT) Bank and Financial Institution Act Prime Life Insurance

References

  1. (30 November 2022). "Annual report of Laxmi Bank".
  2. (30 November 2022). "Annual report of Laxmi Bank".
  3. Bank, Laxmi. "Overview".
  4. "Laxmi Bank".
  5. "Laxmi Bank to Acquire Professional Diyalo Bikas Bank". New Business Age.
  6. "Laxmi bank limited".
  7. "LPrime Life Insurance: A Decade in the Making". New Business Age.
  8. University, Kathmandu. "Senate Members".
  9. "|| Laxmi Bank Limited ||".
  10. [http://www.lscapital.com.np www.lscapital.com.np]
  11. [https://laxmilaghu.com.np/# laxmilaghu.com.np]
  12. "Sunrise Securities Limited launches share trading formally".
  13. [http://www.nrb.org.np Nepal Rastra Bank]
  14. "Laxmi Bank - eXpress Money Transfer".
  15. "Bank and Financial Institution Act".
  16. [https://www.primelifenepal.com Prime Life Insurance]
Wikipedia Source

This article was imported from Wikipedia and is available under the Creative Commons Attribution-ShareAlike 4.0 License. Content has been adapted to SurfDoc format. Original contributors can be found on the article history page.

banks-of-nepal banks-established-in-2002 2002-establishments-in-nepal
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