Laxmi Bank has grown with branches in Birgunj,
Banepa, two in Pokhara, Biratnagar, Narayanghat,
Pulchowk, Lalitpur, Teku, New Road, Janakpur,
New Baneshwor, Damak, Bhatbhateni, Itahari
and Maharajgunj.
Following the merger with Hisef Finance Ltd.,
a decade old first generation finance company,
its office in Hattisar, Kathmandu was converted
to that of Laxmi Bank. This office was converted
to a full branch and our corporate office
in October 2005.
With a view to providing safe, seamless,
quick and advance banking services, the bank
has been heavily investing in contemporary
banking technologies. The Bank uses Flexcube
as its main banking platform. Flexcube incidentally
has been ranked the number one selling core
banking solution globally, and has been embraced
by over 500 financial institutions across
over 90 countries. The Bank provides its services
through a host of delivery channels including
cell phone, Internet, ATM, Point of Sales
(PoS) etc., in addition to a network of physical
branches. Our Internet banking facility comes
with capabilities of online shopping in addition
to regular Internet banking features. Similarly,
through the bank's alliance with Smart Choice
Technologies (SCT), the ATM/Debit cardholder
of Laxmi Bank has access tor a network of
ATMs, and PoS terminals located in all major
urban centers of the country. The bank is
the first in South Asia to have implemented
SWIFTNet, the advanced version of the SWIFT
technology, which is used for speedy and secure
payment and messaging services.
Under a professional management team, the
bank has established itself as an emerging
key player. Today the bank is recognized as
an innovative and progressive bank geared
to providing shareholders and customers with
quality earnings and value-added services.
Transparency, good governance, and sound business
growth are our driving forces.
Passion For Excellence
Our pursuit of excellence has led us to take
several bold steps, sometimes to the extent
of pursuing strategies or introducing initiatives,
which no Nepali Bank has previously attempted.
Our pioneering spirit has been received with
tremendous encouragement, evident through
awards like the Best Presented Accounts.
Our Mission
We take great pride in the fact that our
vision, mission and values are not the sole
properties of our leadership. They belong
to each and every staff. Our people identify
with our business philosophy and have elected
overwhelmingly to play their parts to make
it a reality. Our mission thus goes as follows:
We are
committed to excellence in delivery of entire
gamut of financial services
in order to achieve sound business growth
and maximize stakeholder values by embracing
team spirit, progressive technology and good
corporate governance.
Our IT capabilities are arguably the best
in Nepalese banking industry today, products
and services we offer are comprehensive in
context of the markets we operate in, we have
been recognized for transparency and good
governance, we have built a solid foundation
for sound business growth. But we are not
done yet, we are only beginning the scratch
the surface and we believe we can achieve
much more and continue setting standards.
We Aim For Total Stakeholder Satisfaction
The main pillars of support for Laxmi Bank
are its customers, shareholders and our employees.
It is our mission to deliver quality banking
and stakeholder satisfaction in the true meaning
of the word. We fully grasp the ultimate importance
of engaging more closely in customer relations
at every level, ensuring satisfactory, sufficient
profits and ploughing back the fruits of our
business successes back to customers, the
community, and shareholders.
Our values are built around high
standards of corporate governance
Transparency, professionalism and high ethical
tone at the leadership are pillars on which
our actions are based. Laxmi Bank’s
Code of Conduct encapsulates international
best practices applicable to Nepali context.
The level of commitment of our people to take
Laxmi Bank to greater heights has been a huge
catalyst. The team spirit within the organization
is something we are proud of.
Building a Strong Corporate Identity
Identity is formed by an organization’s
history, its beliefs and philosophy, the nature
of its technology, its people, ethics, culture
and strategies. We have made great efforts
to build and protect the integrity and value
of our brand in the marketplace and ensure
that we do our nation proud as its most proficient
representative of the financial community.
We are gratified to note that our corporate
reputation is fast becoming a key source of
competitive advantage.
And Finally Our Vision
We have envisioned that we shall be / have:
Over a period of time, Laxmi Bank foresees
itself to be one of the leading banks in Nepal
and eventually a niche player in the South
Asian region.
The bank expects to achieve its overall vision
through the strength of its strong management
pillars, which includes professionalism, team
spirit, customer focus, technology support,
driven and outward looking culture, good corporate
governance, individual challenges and empowerment.
Strategy
At the bank’s management conference
2005, we adopted ‘Growth Thru Efficiency’
as our strategic theme for the current year.
The strategy is evolutionary, not revolutionary.
It builds on the bank’s strengths and
it addresses the areas where further improvement
is considered both desirable and attainable.
To improve profitability in future, the bank
shall continue to improve its customer services
and product deliveries, thereby attracting
long-term low cost deposits, and improve fee
based revenue streams. The bank also intends
to increase its business volume through steady
growth in risk assets, while maintaining its
quality.
The bank shall continue focusing on quality,
and not be too volume driven, given the current
business environment in Nepal, which is not
conducive for an aggressive growth. Laxmi
Bank’s activities and results thereof
over last couple of years clearly indicate
that the bank is not prepared to compromise
on quality for short-term growth.
