The Myanma Agricultural Development Bank ( my, မြန်မာ့လယ်ယာဖွံ့ဖြိုးရေးဘဏ်; abbreviated MADB) is a government-owned bank specialized in providing financial services to agricultural enterprises in Myanmar (Burma), and is the largest financial institution of its kind. The bank is owned operated by the Ministry of Agriculture and Irrigation (MAI), and has 206 branches nationwide. MADB provides loans to a sizable number of rural households, serving 1.87 million customers in 2012. MADB loan products typically cover farmers' short-term working capital needs (e.g., purchase of seeds, fertilizers, and pesticides; payment of salaries for farm workers; and lease of agriculture equipment).

History

MADB was first established as the National Agricultural Bank (နိုင်ငံတော်စိုက်ပျိုးရေးဘဏ်) in June 1953 by the Burmese government to support the development of agriculture, livestock, and rural enterprises in Myanmar. Its immediate predecessor, the Myanma Agricultural Bank, was established in 1976, an offshoot of the Agricultural Finance division of the People's Bank. MAB was renamed in 1990, and was reconstituted in 1997 under the Myanma Agricultural Development Bank Law.

Headquarters

MADB's headquarters have been located on Pansodan Street in downtown

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References

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History

Headquarters

References

See also