Mahalaxmi Bikas Bank Secures 'A' Classification Amidst Stellar Performance

Mahalaxmi Bikas Bank Limited (MLBL) has achieved an "A" classification among organized institutions, as per the notification from Nepal Stock Exchange Limited dated 2080/11/03.

This classification is based on various criteria, including a paid-up capital of at least 1 Arba rupees, a minimum of 3 years of securities listing with profitable financial performance and dividend distribution, and obtaining a favorable rating from credit rating organizations.

The bank has consistently adhered to regulations, submitting financial statements in the prescribed format and holding annual general meetings within the stipulated timeframe, resulting in its "A" classification.

Operating with the motto "Strong Bank, Successful Cooperation" for the past 28 years, Mahalaxmi Bikas Bank has provided quality financial services to the Nepali people. With 103 branch offices and around 7 lakh customers nationwide, the bank recently passed a resolution during its 22nd Annual General Meeting to explore the possibility of bringing foreign banks or financial institutions as strategic partners.