Laxmi Bank offers new online account opening scheme during ICC World Cup 2019; aims for a cleaner & greener world with its small contribution

Laxmi Bank in association with F1 Soft, has launched a promotion campaign of its digital account opening platform “Ctrl O”. Savings accounts opened during the ongoing ICC Cricket World Cup 2019 through the digital platform will be eligible to earn NPR 500 mobile balance top up on first mobile money transaction along with free complete e-banking package. Customers can access the digital application from the bank’s website and will need to visit the branch only once to complete the process.

Laxmi Bank strongly encourages paperless account opening process supported by a wide range of digital transaction channels. It expects the World Cup campaign based on Ctrl O digital account opening platform to make a small contribution to a cleaner, greener world. The Bank continues to adopt technology, process, and products which result in substantial reduction of its carbon footprint and develop a responsible, sustainable business.

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, midmarket, corporate, infrastructure 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.

Laxmi Bank’s microfinance subsidiary – Laxmi Laghubitta, a category D financial institution licensed by Nepal Rastra Bank is in operation since 2012 and has a network of 66 branches with loans of over NPR 3 billion.

Similarly, Laxmi Bank’s investment banking subsidiary – Laxmi Capital, licensed by the Securities Board of Nepalis offering various merchant and investment banking services since February 2009. Laxmi Capital also manages Laxmi Value Fund – 1, and Laxmi Equity Fund, the two Mutual Funds sponsored by Laxmi Bank, both of which are listed and traded at the Nepal Stock Exchange.

The Bank closed the previous financial year 2017/18 with a balance sheet size of NPR  81 billion that includes deposits and risk assets of NPR  67.74billion and NPR 62 billion respectively. All key financial indicators of the Bank are well within prudential and regulatory norms.