Agricultural Development Bank Limited (ADBL) is an autonomous organization largely owned by

Government of Nepal The Government of Nepal ( ne, नेपाल सरकार) is the federal executive authority of Nepal. Prior to the abolition of the Nepali monarchy in 2006 (became republic in 2008), it was officially known as His Majesty's Government. T ...

. 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 Poverty reduction, poverty relief, or poverty alleviation, is a set of measures, both economic and humanitarian, that are intended to permanently lift people out of poverty. Measures, like those promoted by Henry George in his economics clas ...

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. In line with the BAFIA, ADBL has been incorporated as a public limited company on July 14, 2005. 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.

External links

Official Website

References

ADBL Register in Company Act at 2062/3/31 B.c. Banks of Nepal Banks established in 1968 1968 establishments in Nepal Agricultural finance {{nepal-stub