Laxmi Bank was incorporated on 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 the first merger in Nepali 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 bank’s shares are listed and actively traded on the Nepal Stock Exchange (NEPSE). They are a technologically driven progressive bank with strong risk and corporate governance foundations and known for our innovation and have many “firsts” in the Nepali financial market. They have the best asset quality among all financial institutions in the country and our technology has been rated “Highly Secure” by independent internationally accredited information system auditors. Laxmi Bank’s award-winning Annual Reports has set the standards for quality, presentation and disclosure for the Nepali corporate sector to follow. Since 2005 Laxmi Bank promotes a separate life insurance company – Prime Life Insurance Limited which came into operation in 2009.