Laxmi Bank inaugurates new branches in Sindhupalchowk, Darchula and Saptari districts

Laxmi Bank has inaugurated its three new branches in sub-metropolitan city in Lishankhupakhar-Sindhupalchowk, Lekam- Darchula and Balan Bihul-Saptari district.  This new branch will offer full range of retail banking services customized to meet the needs of individuals and small businesses. 

With this, Laxmi Bank network now includes 45 district, 89 branches, and 3 hospital service counters, 104 ATMs, more than 2500 remittance, 51 branchless banking and 400+ mobile banking agents spread across the country. The Bank is rapidly expanding to newer and underserved markets with the aim of servicing the growing demand for professional financial services such as innovative saving accounts, term deposits, home and auto loans, small business loans, microfinance, insurance etc.

The Bank actively promotes digital channels such as internet and mobile banking to complement the growing number of branches as part of the ‘bricks and clicks’ strategy allowing customers to touch us through a channel of their choice: branches, ATM, internet and mobile phones.

About Laxmi Bank

Laxmi Bank was established in 2002. Today, through its branches and a host of IT enabled channels, the Bank serves a wide range of customers. Despite a relatively short history, Laxmi Bank has emerged as a major player across all business lines - retail, mid market, corporate and treasury. The Bank is widely recognized as one of the best-managed banks in Nepal with high standards of corporate governance culture, risk-management systems and a strong technology.

The Bank closed the previous financial year 2016/17 with a balance sheet size of NPR  70.90 billion that includes deposits and risk assets of NPR  59.32   billion and NPR   52.73 billion respectively. The Bank posted a net profit of NPR 1 billion during the period, a growth of 48% over the last year. All key financial indicators of the Bank are well within prudential and regulatory norms.