Laganbank, along with neighbouring Balmoral, formed the greater part of the Belfast South constituencies for the Northern Ireland Assembly and UK Parliament.

The district was bound to the west by the Malone Road and the M1 Motorway, to the south by the River Lagan and the southern section of the Annadale Embankment, to the east by the Ormeau Park and the Ormeau Road and to the north by College Square North and the Cathedral Quarter.

However, the north of the district has areas that suffer economic deprivation, including Donegall Road, Sandy Row and 'the Markets'.

This area is also sometimes referred to as the Golden Mile because of the large number of bars, clubs and restaurants located there.

Laganbank has a low White population compared to Belfast and is one of the most ethnically diverse electoral areas in Northern Ireland.