What Laxmi Sunrise Bank does

Laxmi Sunrise Bank Limited is a privately held commercial bank headquartered in Kathmandu, Nepal, operating under regulation from Nepal Rastra Bank (NRB). Founded in 2006 (previously branded as Laxmi Bank), it has built a nationwide retail, corporate, and institutional banking franchise spanning all seven provinces of Nepal through a multi-channel distribution model that combines physical branches, extension counters, and an extensive branchless banking agent network. The bank serves retail consumers, SMEs, corporate and infrastructure clients, institutional customers, and Non-Resident Nepalis (NRNs) with a broad product suite organized into four segments: Personal Banking (16 deposit products including segment-specialized savings accounts and 11 loan products spanning home, auto, education, gold, microfinance, and lifestyle credit), Business Banking (corporate loans, trade finance, working capital, infrastructure financing, mid-market banking, and merchant services), Institutional Banking (fund management, correspondent banking), and Electronic Banking channels.

The bank's underlying technology stack centers on a digital banking platform comprising the Laxmi Sunrise Mobile Money app (with Fonepay QR/real-time payment integration), iBank internet banking (supporting transfers up to NPR 2,000,000 per transaction), Viber Banking, QR Code for Business merchant acquiring, CorporatePay, and the Laxmi Vaani business solution, alongside international connectivity via SWIFT (code LXBLNPKA) and card rails through VISA (debit, credit, platinum, prepaid/travel cards). Distribution is multi-layered: traditional branches plus extension counters for urban coverage, branchless banking agents for rural financial inclusion, and self-serve digital channels for retail and SMB customers. The bank maintains compliance certifications including an AML policy, USA Patriotic Act certification (2023), and Wolfsberg Group CBDDQ V1.4 (January 2025) to support its correspondent banking and remittance business.

Laxmi Sunrise Bank generates revenue primarily through interest income on loans and advances funded by customer deposits (savings, fixed, recurring, and specialized accounts), complemented by transaction-based fee streams from ATM/card interchange, remittance (Suryodaya Remit), trade finance (letters of credit, bank guarantees), and service charges per its published Schedule of Service Charges. The bank priced a NRN Term Deposit product at a USD 1,000-equivalent minimum across USD, GBP, EUR, and AUD with 2-3 year tenures, signaling a diaspora-targeted cross-border deposit franchise. In May 2026, the company raised $25M from British International Investment (BII) in a growth capital round, and its executive leadership includes a Chief Grievances Officer (Manohar Raj Uprety) and Chief Information Officer (Piyush Raj Aryal). Ownership remains privately held with no parent company or subsidiary entities disclosed.

Name

Laxmi Sunrise Bank

Legal name

Laxmi Sunrise Bank Limited

Website

https://laxmisunrise.com

Company type

Private

Founded year

2006

Operating status

Operating

Short description

Laxmi Sunrise Bank is a Nepalese commercial bank headquartered in Kathmandu that provides retail, business, and digital banking services across all seven provinces via branches, branchless agents, mobile app, and internet banking, serving consumers, SMEs, corporates, and non-resident Nepalis.

Ownership category

akta.pro rank

Product category

Retail Banking

NAICS

Commercial Banking (52211), Depository Credit Intermediation (5221)

SIC

National Commercial Banks (6021)

akta.pro primary industry

Correspondent Banking (Nostro/Vostro & Agent Services) (FSABAJAA)

akta.pro secondary industry

Multi-Currency Accounts, Wallets & IBAN Services (FSAMAIAG)

Keywords

• Retail banking services
• Corporate banking
• Digital banking
• Microfinance lending
• Remittance services

Headquarters

HQ city

Kathmandu

HQ country

Nepal

HQ region

Asia

Offices1 record

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Infrastructure, Technology or R&D, Marketing or Sales

Revenue model

1. Interest Income from Loans: The bank generates revenue primarily through interest income on various loan products including home loans, auto loans, education loans, gold loans, and business loans
2. Deposit Products: Accepts customer deposits (savings, fixed deposits, recurring deposits) and pays interest to depositors, using funds for lending and investment activities
3. Fee-Based Services: Revenue from service charges, ATM fees, remittance fees, card services, and other banking service fees
4. Trade Finance Services: Corporate and trade finance services including letters of credit, bank guarantees, and foreign currency services
5. Card Services: Revenue from credit cards, debit cards, prepaid cards including transaction fees and interchange income

Pricing tiers

Go-to-market motion1 record

Distribution channels7 records

Marketing channels3 records

Core offering

Laxmi Sunrise Bank is a Nepal Rastra Bank-licensed commercial bank that accepts deposits (savings, fixed, recurring, and specialized accounts including NRN and women-focused products), extends loans (home, auto, education, gold, microfinance, corporate, trade, and infrastructure financing), issues VISA debit/credit and prepaid cards, processes international remittances via Suryodaya Remit, and provides electronic banking channels (Mobile Money app, iBank internet banking, Viber Banking, branchless banking agents, QR merchant payments). It also offers institutional services including fund management and correspondent banking relationships for cross-border trade and remittance.

Product overview

Laxmi Sunrise Bank is a commercial bank in Nepal offering a comprehensive suite of banking products organized into Personal Banking (deposits and loans), Business Banking (corporate and SME services), Institutional Banking, and Digital Banking channels. The core product portfolio includes 16 deposit products (savings, fixed, recurring, and specialized accounts), 11 loan products (home, auto, education, gold, microfinance), 7 card products (VISA debit/credit and prepaid cards), remittance services (Suryodaya Remit), electronic banking (Mobile Money, iBank internet banking, Branchless Banking, Viber Banking, QR payments), and business services (trade finance, corporate banking, payment gateway). The bank also provides digital self-service tools including borrowing power, recurring deposit, and loan repayment calculators.

Differentiator

Problem solved

Functional benefit

Brands

• Laxmi Sunrise Mobile Money: A mobile banking app for managing bank accounts on the go, featuring banking on the go, bill payments, instant payment with Fonepay, user-friendly interface, and secure transactions.

Products and services

• Sunaulo Bachat Savings deposit account designed for minor children.
• Orange Savings Plus
• Wonder Woman Savings
• Shakti Bachat
• Shubha Bachat
• Samman Bachat
• Special Care Savings
• Sampurna Bachat
• Mero Bhumi Bachat Khata
• Fixed Deposit
• Recurring Deposit
• Sunrise Savings
• USD Savings
• Green Savings
• NRN Savings
• Maha Bachat
• NRN Term Deposit
• Home Loan
• Home Equity Loan
• Auto Loan
• Education Loan
• Gold Loan
• Loan Against Shares
• Sana Byawasai Karja
• Micro Finance Service
• Lifestyle Loans
• Smart FoneLoan
• Business Continuity Loan
• VISA Debit Card
• VISA Credit Card
• Dollar Prepaid Card
• Dollar Travel Card
• Platinum Credit Card
• ON Card by Laxmi Sunrise
• Buy Now Pay Later
• Suryodaya Remit
• Laxmi Sunrise Mobile Money
• Branchless Banking
• Viber Banking
• QR Code for Business
• Laxmi Sunrise iBank
• Corporate and Infrastructure Banking
• Mid Market Banking
• Business & Merchants Services
• Fund Management
• Correspondent Banking
• Safe Deposit Lockers
• ASBA / C-ASBA

Quantifiable outcome

• Branchless banking services available across 7 provinces

Named customers3 records

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Four partnerships are on record, tiered core.

• VISAcoreTechnology or IntegrationVISA partnership for debit and credit card services including VISA Debit Card, VISA Credit Card, Platinum Credit Card, and Dollar Prepaid/Travel Cards. The partnership enables cardholders to use global VISA acceptance network.
• FonepaycoreTechnology or IntegrationFonepay integration for instant payment services through the mobile banking app. Enables QR code payments and real-time fund transfers within the Fonepay network.
• SWIFTcoreTechnology or IntegrationInternational banking connectivity through SWIFT network with SWIFT code LXBLNPKA enabling cross-border transactions and correspondent banking relationships.
• Nepal Rastra Bank (NRB)coreTechnology or IntegrationRegulatory partnership ensuring compliance with Nepal's central bank regulations. The bank operates under NRB guidelines for banking operations including AML policies.

Scale indicators1 record

Recent moves6 records

Expansion highlights6 records

Direct peers

• Prime Commercial Bank: Nepalese commercial bank offering retail, SME, corporate, and trade finance products with digital banking. Comparable full-service commercial banking offering.
• NIC Asia Bank: Nepalese commercial bank with national branch and digital presence, serving retail, SME, and corporate segments. Closely comparable in scope of deposit, loan, and card products.
• Everest Bank: Established Nepalese commercial bank with nationwide branches, digital banking, and NRN services. Comparable in scale and product breadth.
• Sanima Bank: Nepalese commercial bank focused on retail deposits, SME lending, and digital banking. Comparable customer segmentation and product mix.
• Nabil Bank: One of Nepal's largest private commercial banks offering retail, corporate, and digital banking across the country. Most directly comparable to Laxmi Sunrise Bank in product mix, multi-channel distribution, and NRN/diaspora services.
• Citizens Bank International: Nepalese commercial bank with national branch and digital channels serving retail, SME, and institutional clients. Similar omnichannel banking model.
• Siddhartha Bank: Nepalese commercial bank offering retail, corporate, and trade finance products. Overlapping customer base and similar service portfolio to Laxmi Sunrise.
• Kumari Bank: Nepalese commercial bank with nationwide presence, corporate and retail banking, and digital channels. Directly comparable peer in scope and customer base.
• NMB Bank Nepal: Mid-sized Nepalese commercial bank with strong SME and remittance focus and growing digital footprint. Comparable target customer base and product suite.
• Nepal Investment Mega Bank: Merged Nepalese commercial bank with broad retail, corporate, and institutional banking. Comparable in scale, regulatory standing, and product breadth.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks5 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/LaxmiSunriseBank
• LinkedInlinkedin.com/company/laxmi-sunrise-bank-ltd

Compliance3 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Funding overview

Funding rounds1 record

Investors1 record

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Laxmi Sunrise Bank