Lumbini Bank Limited
Update: The bank merged with Bank Of Kathmandu (BOK) in 2016.
Established in 1998, Lumbini Bank Limited is offering a wide range of banking solutions and services strictly customized to the needs of the customers. The bank that started its operation from Narayangarh, Chitwan has spread its network to other fourteen places in Hetauda, Butwal, Naxal, Biratnagar, Parsa Bazaar, Indrachowk, Baneshwor, Bardhghat, Parasi, Suryabinayak, Gwarko, Damauli, Mangal Bazaar and Lanku of Chitwan.
Highly committed to assure the standard and excellence in the services it offers, the banking team of Lumbini Bank is guided towards obtaining new challenges and opportunities. The bank is backed by state-of-art technology and experienced professionals expert in modern banking management and its team strives to make banking simple, fast and customer friendly.
The bank has restructured various products as a part of an ongoing process to cater to the retail segment and the newly structured products in retail segment consists of personal loan, home loan, auto loan, mortage loan, time loan and loan against shares. The bank was started with the authorized capital of Rs 1.6 billion, issued capital of Rs 1.43 billion and paid-up capital of Rs 1.43 billion. The shareholding of the bank is divided into two parts that are promoters who hold 66 percent and the general public who holds 34 percent out of its hundred percent shares.
The major and popular products and services offered by the bank include NPR deposit account, FCY account deposits, loan services, retail segment, corporate segment, remittance services, any branch banking services, SMS banking, NTC landline bills payment, debit card, safe deposit locker, etc. The sixteen branches of the bank around the country and six corresponding branches outside the country make it easier for the Lumbini Bank Limited to provide its services and cater to its customer with ease.
The bank which merged with Navadurga Finance Company Limited in 2014, successfully completed another merger process with Bank of Kathmandu in 2016. The joint entity operates in the name of Bank of Kathmandu Lumbini Ltd. since 2016.