Agriculture Development Bank
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| Company type | Public |
|---|---|
| NEPSE: 397 | |
| Industry | Banking |
| Founded | January 1968, 21 |
| Headquarters | Ramshah Path, Kathmandu |
Number of locations | 279 branches[1] |
Area served | Nepal |
Key people | Govinda Gurung (CEO) |
| Products | Loans, savings, investment (focused in agricultural sectors) |
Number of employees | 2402[2] |
| Website | adbl |
Agricultural Development Bank Limited (ADBL) is an autonomous organization largely owned by Government of Nepal.[3]
History
[edit]The bank has been working as a premier rural credit institution since the last three decades, contributing more than 67 percent of the institutional credit supply in the country. Hence, rural finance is the principal operational area of ADBL. 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.[citation needed]
The enactment of the Bank and Financial Institution Act (BAFIA) in February 2004 abolished all Acts related to financial institutions including the ADBN Act, 1967.[4] In line with the BAFIA, ADBL has been incorporated as a public limited company on July 14, 2005.[5] Thus, ADBL operates as an "A" category financial Institution under the legal framework of BAFIA and the Company Act. The bank has a 51% share of the Government of Nepal and 49% of the general public. Most of its shareholders are customers and employees.[citation needed]
Its headquarters is in Ramshah Path, Kathmandu.
References
[edit]- ^ Annual report of ADBL (Report).
- ^ Annual report of ADBL 77/78-Page No 92 (Report).
- ^ World Bank (2003). Financial Accountability in Nepal: Country Assessment. World Bank Publications. ISBN 9780821354414.
- ^ "नेपाल बैंक र कृषि विकास बैंकमा कुन राम्रो ? दुबै बैंकका पूर्वसीइओ देवेन्द्रप्रताप शाह". Clickmandu. Retrieved 2022-07-30.
- ^ "कृषि विकास बैंक लिमिटेडको कम्पनी विश्लेषण". merolagani.com. Retrieved 2022-07-30.
External links
[edit]
ADBL Register in Company Act at 2062/3/31 B.c.
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