Agriculture Development Bank

Agricultural Development Bank Limited (ADBL) is an autonomous organization largely owned by Government of Nepal.[3]

Agricultural Development Bank Limited
कृषि विकास बैंक लिमिटेड
TypePublic
NEPSE: 397
IndustryBanking
FoundedJanuary 1968, 21 (21-01-1968)
HeadquartersRamshah Path, Kathmandu
Number of locations
279 Branches[1]
Area served
Nepal
Key people
Mr. Govinda Gurung (CEO)
ProductsLoans, Savings, Investment, (focused in Agricultural Sectors)
Number of employees
2402 [2]
Websiteadbl.gov.np

History

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 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.

Its headquarter is in Ramshah Path, Kathmandu.

References
  1. Annual report of ADBL (Report).
  2. Annual report of ADBL 77/78-Page No 92 (Report).
  3. World Bank (2003). Financial Accountability in Nepal: Country Assessment. World Bank Publications. ISBN 9780821354414.
  4. "नेपाल बैंक र कृषि विकास बैंकमा कुन राम्रो ? दुबै बैंकका पूर्वसीइओ देवेन्द्रप्रताप शाह". Clickmandu. Retrieved 2022-07-30.
  5. "कृषि विकास बैंक लिमिटेडको कम्पनी विश्लेषण". merolagani.com. Retrieved 2022-07-30.

ADBL Register in Company Act at 2062/3/31 B.c.


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