27th June 2025, Kathmandu
Laxmi Sunrise Bank has taken a significant step toward enhancing its operational efficiency and supporting sustainable development by entering into a strategic advisory partnership with the International Finance Corporation (IFC).
Laxmi Sunrise Partners IFC
This partnership aims to strengthen key areas such as information technology, market operations, credit, and risk management. Additionally, it will focus on promoting climate finance and supply chain finance, positioning these two areas as primary priorities under its sustainability and innovation strategy.
The Memorandum of Understanding (MoU) was signed by Mr. Ajaya Shah, Chief Executive Officer of Laxmi Sunrise Bank, and Mr. Mehdi Cherkaoui, Regional Manager for South Asia, Financial Institutions Group – Upstream and Advisory, representing IFC.
This collaboration not only lays a strong foundation for the bank’s long-term sustainability strategy but also strengthens its capabilities in risk management. Furthermore, it reinforces Laxmi Sunrise Bank’s commitment to prioritizing the long-term interests of its clients and contributing to Nepal’s broader financial inclusion and green economy goals.
About Laxmi Sunrise
Laxmi Sunrise Bank launched on July 14, 2023, after merging Laxmi Bank and Sunrise Bank. It is a Class ‘A’ commercial bank regulated by Nepal Rastra Bank. The bank’s headquarters are in Kathmandu. It operates over 250 branches and 320 ATMs across all 77 districts of Nepal.
The bank offers various services, including retail and corporate banking, trade finance, loans, and cards like Visa and Mastercard. It also promotes financial inclusion through its branchless banking program targeting rural farmers and SMEs.
Laxmi Sunrise Bank focuses on digital banking. Customers can use their mobile app and internet banking for easy access to services such as fund transfers and bill payments. The bank combines physical branches with digital tools to provide a seamless experience.
With strong leadership and a growing capital base, Laxmi Sunrise Bank aims to strengthen its position in Nepal’s banking sector and support sustainable growth across the country.
About IFC
The International Finance Corporation (IFC) supports private sector growth in developing countries. Established in 1956, it is part of the World Bank Group. IFC’s mission focuses on creating jobs and improving living standards through private enterprise. It operates in over 100 countries, investing in sectors like energy, health, and infrastructure.
In 2024, IFC committed $56 billion to development projects. The organization offers loans, equity investments, and guarantees to businesses. It also provides advisory services to improve governance and sustainability.
Additionally, IFC manages funds to attract more investors. Importantly, IFC follows strict environmental and social standards to ensure sustainable development.
The corporation uses the Equator Principles to assess risks and protect communities. Makhtar Diop leads IFC as the Managing Director, bringing experience from the World Bank.
Overall, IFC plays a vital role in boosting economic growth and promoting responsible investment worldwide. For more details, visit their official website.
For more:- Laxmi Sunrise Partners IFC