Agriculture Development Bank
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| Company type | Public |
|---|---|
| NEPSE: ADBL | |
| Industry | Banking |
| Founded | January 21, 1968 (Magh 7 2024) |
| Headquarters | Ramshah Path, Kathmandu |
Area served | Nepal |
Key people | Mr. Anil Kumar Upadhyay (CEO) |
| Products | Loans, Savings, Investment, (focused in Agricultural Sectors) |
| Website | adbl |
Agricultural Development Bank Limited (ADBL) is an autonomous organization largely owned by Government of Nepal.[1] The bank has been working as a premier rural credit institution since the last three decades, contributing a more than 67 percent of institutional credit supply in the country. Hence, rural finance is the principal operational area of ADBL. Besides, it has also been executing Small Farmer Development Program (SFDP), the major poverty alleviation program launched in the country. Furthermore, the bank has also been involved in commercial banking operations since 1984.
The enactment of Bank and Financial Institution Act (BAFIA) in February 2004 abolished all Acts related to financial institutions including the ADBN Act, 1967. In line with the BAFIA, ADBL has been incorporated as a public limited company on July 14, 2005. Thus, ADBL operates as a "A" category financial Institution under the legal framework of BAFIA and the Company Act, 2033.
External links
References
- ^ World Bank. Financial Accountability in Nepal: Country Assessment. World Bank Publications. ISBN 9780821354414.
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ADBL Register in Company Act at 2062/3/31 B.c.