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1.2Profile of Laxmi Bank Limited.

Laxmi bank was incorporated in April 2002 as the 16th commercial bank in Nepal. In 2004 Laxmi
Bank merged with HISEF Finance Limited, a first generation financial company which was first
merger in Nepal Corporate History. Laxmi Bank is a category A Financial institution and re-
registered in 2006 under the “Banks and Financial Institutions Act” of Nepal. The banks shares
are listed and actively traded on the Nepal Stock Exchange (NEPSE). Laxmi Bank’s shares are
listed as Promoters Share: 51%, General public Share: 40.32% and Investment trust:8.68%. the
bank is primarily recognized as stringent credit policies, conservative approach to banking and
pioneers in technological innovations in the banking services. Its main head office is in Hattisar,
Kathmandu. In 2016, the bank also acquired Professional Diyalo Bikash Bank, a regional
development bank.(www.laxmibank.com.np)

Laxmi bank promotes a separate life insurance company – Prime Life Insurance Limited which
came into operation in 2009. The bank will be the Bank of choice for a growing, vibrant Nepal –
reaching and enriching households, businesses and communities. The bank believe relationships
are more important than transactions and will strive to offer the best customer experience keeping
our clients at the front and center in order to realize their economic potential. The bank will expand
physically and digitally to allow customers to access us through the channel of their choice and
leverage technology to help to make banking smart, simple and secure. The bank believe in
responsible banking and adopt high standards of governance, transparency, ethics and integrity
across company. The bank understand our responsibilities extend beyond financial services and
will actively invest in the communities where the bank operate and work towards being a green
company reducing our carbon footprint for a sustainable future. The bank will use the pother of
people and ideas to create sustainable value to all stakeholders through one engaged and
empowered team.