Laxmi Sunrise Bank Limited (LSBL) is a newly formed commercial bank in Nepal, created from the strategic merger of two well-established institutions: Laxmi Bank Limited and Sunrise Bank Limited. This merger, completed in July 2023 (2080 B.S.), marks a major milestone in Nepal’s banking history, making LSBL one of the country’s largest commercial banks in terms of network, customer base, and financial capacity.

With a focus on innovation, sustainability, and inclusive finance, Laxmi Sunrise Bank is positioned to be a forward-looking financial partner for individuals, businesses, and institutions.

Overview of Laxmi Sunrise Bank Limited

• Bank Name: Laxmi Sunrise Bank Limited (LSBL)

• Established: July 2023 (Merger of Laxmi Bank & Sunrise Bank)

• Headquarters: Laxmi Bank Building, Hattisar, Kathmandu, Nepal

• Ownership: Public Limited Company (Listed on NEPSE)

• Regulator: Nepal Rastra Bank (NRB)

• SWIFT Code: LAKBNPKA (legacy code; new code subject to merger update)

• Website: https://www.laxmisunrise.com

The Merger: A Strategic Union

The merger of Laxmi Bank and Sunrise Bank was approved by the Nepal Rastra Bank (NRB) and completed in mid-2023. The combined entity benefits from:

• A diverse product portfolio

• Expanded reach across all 77 districts

• A stronger capital base for larger-scale lending

• Enhanced digital infrastructure and customer service platforms

This merger was guided by NRB’s policy to strengthen Nepal’s banking sector through consolidation and capacity-building.

Branch Network and Accessibility

Laxmi Sunrise Bank operates a comprehensive national banking network with:

• Over 250 branches across Nepal

• More than 250 ATMs

• Dozens of extension counters and branchless outlets

• Presence in all 77 districts and key municipalities

This wide footprint supports financial inclusion, particularly in rural and semi-urban areas.

Core Services and Products

1. Retail Banking

• Savings Accounts (General, Youth, Women, Senior Citizens)

• Fixed and Recurring Deposits

• Personal, Home, Auto, and Education Loans

• Debit and Credit Cards (Visa, Mastercard, UnionPay)

• Mobile recharge, utility bill payment, and locker services

2. SME and Corporate Banking

• Business and Working Capital Loans

• SME Financing and Startup Packages

• Project Financing (hydro, infrastructure, agri-business)

• Trade Finance: LC, BG, and Export Services

• Treasury and Forex Management

3. Digital Banking

• Mobile Banking App (rebranded or unified post-merger)

• Internet Banking Portal

• Online fund transfers (ConnectIPS, RTGS)

• QR Payments (Fonepay integration)

• Digital account opening with e-KYC

4. International Banking and Remittance

• SWIFT services for international transfers

• Global remittance partnerships

• Foreign currency accounts

• NRN-focused banking solutions

Financial Strength and Performance

Though detailed post-merger financials are forthcoming, combined figures from both banks indicate:

• Total Assets: Over NPR 400 billion

• Deposits: Above NPR 350 billion

• Loans and Advances: Exceeding NPR 300 billion

• Net Profit: Estimated over NPR 4 billion annually

• Capital Adequacy Ratio (CAR): Above NRB’s required level

• NPL Ratio: Maintained at industry-competitive levels

These indicators show that Laxmi Sunrise Bank is among Nepal’s top-performing private commercial banks.

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Sustainability and CSR Initiatives

Laxmi Sunrise Bank is committed to Environmental, Social, and Governance (ESG) goals. It actively contributes to:

• Green Financing (solar, hydro, eco-tourism, clean transport)

• Financial literacy programs in schools and communities

• Women and youth entrepreneurship support

• Health, sanitation, and educational scholarships

• Disaster relief and emergency support during crises

Its CSR and sustainability programs align with Nepal’s development goals and UN Sustainable Development Goals (SDGs).

 

Challenges and Strategic Goals

Challenges:

• Integrating operations and systems post-merger

• Unifying customer experience and branding

• Rising competition from fintech and digital-native banks

Strategic Vision:

• Become Nepal’s most customer-centric and tech-enabled bank

• Expand digital lending and paperless banking services

• Strengthen SME and agri-business financing

• Enhance cybersecurity and AI-based financial tools

• Deepen international remittance and trade finance services

Conclusion

Laxmi Sunrise Bank Limited is more than just a product of merger — it is a new generation of banking excellence in Nepal, combining experience, scale, and innovation. With an extensive network, strong financials, and a digital-first strategy, LSBL is well-positioned to serve the evolving needs of Nepalese customers at home and abroad.

Whether you are looking for personal finance, SME support, or sustainable investment opportunities, Laxmi Sunrise Bank offers modern, inclusive, and responsible banking for a brighter financial future.