Laxmi Bank recorded 150 percent growth in net profit in 2004-2005 compared to the previous year, it announced at its 5th AGM in Birganj on Monday. It was the first annual meeting since the bank obtained approval to operate as a full-fledged branch in Kathmandu. Other results announced included deposit and lending growth of 53 percent and 56 percent respectively during the same period. Total paid up capital stood at Rs 609.84 million.