Laxmi Sunrise Bank was established in 2002 as the 16th commercial bank in Nepal. 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 Sunrise 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 Sunrise 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 Sunrise’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.
We will be the Bank of choice for a growing, vibrant Nepal – reaching and enriching households, businesses and communities.