Laxmi Bank expands with 2 new extension counters in Pokhara Metro

Pokhara: Laxmi Bank inaugurates its 15th and 16th extension counters in Pokhara Metropolitan City of Kaski district on February 17th. Its 15th extension counter is located within the premises of Manipal Hospital of Ward 11 of Pokhara Metropolitan City whereas the 16th extension counter is inside Himalaya Eye Hospital at Ward 17 of the same Metro.
With the addition of these extension counters, Laxmi Bank network now includes 144 branches across 50 districts, 5 hospital service counters, 16 extension counters, 179 ATMs, over 2500 remittance agents and 69 branchless banking agents 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, 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 reach 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, 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 Bittiya Sanstha Ltd, a category D financial institution licensed by Nepal Rastra Bank is in operation since 2012 and has a network of 90 branches with loans of over NPR 7.52 billion.

Similarly, Laxmi Bank’s investment banking subsidiary – Laxmi Capital Market Ltd, licensed by the Securities Board of Nepal manages three mutual fund schemes under Laxmi Mutual Fund –
Laxmi Equity Fund, Laxmi Unnati Kosh, and open-ended scheme, Shubha Laxmi Kosh which are listed and traded at the Nepal Stock Exchange.

The Bank closed the previous financial year 2021/22 with a balance sheet size of NPR 173 billion that includes deposits and risk assets of NPR 139 billion and NPR 132 billion respectively. All key financial indicators of the Bank are well within prudential and regulatory norms.