Agricultural Development Bank Ltd.
With the main objective of providing institutional credit for enhancing the production and productivity of the agricultural sector in the country, the Agricultural Development Bank Ltd., Nepal was established in 1968 under the ADBN Act 1967, as the successor to the cooperative Bank. The Land Reform Savings Corporation was merged with ADBN in 1973. Subsequent amendments to the Act empowered the bank to extend credit to small farmers under group liability and expand the scope of financing to promote cottage industries. The amendments also permitted the bank to engage in commercial banking activities for the mobilization of domestic resources.
The bank worked as a premier rural credit institution since its establishment, contributing substantial agricultural credit supply in the country. Rural finance has been the principal operational area of ADBN in the past. However, the bank is also involved in commercial banking operations since 1984, to provide commercial banking services.
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.
The enactment of Banks and Financial Institutions Act (BAFIA) took all the banks and financial institutions (BFIs) under its umbrella and abolished all the acts related to the BFIs including the ADBN Act, 1967. Since then, the bank has been working as a public limited company registered under the Companies Act, 2006, and is licensed as “A class financial institution” by Nepal Rastra Bank from 2006.
Having a glorious history of more than 52 years, the bank is one of the leading commercial banks of the country. With its investment in agriculture, industry, trade, commerce, and households, the bank has above 1.2 million happily satisfied customers. Just like its slogan “Sampurna Banking Suvidha sahitko Tapai Hamro Ghar Aanganko Bank” (The bank with complete banking solution at your own doorstep), it is spread all over the 7 provinces & 77 districts of the nation with its 278 offices. While providing comprehensive services with complete banking solutions, the bank has the main motto of promoting rural agriculture, productive and deprived sectors. The bank is committed to provide the best banking services through its widespread network and help the government from its part, to achieve the aim of “Prosperous Nepal, Happy Nepali”.
- To be a Mass-based Complete Bank serving from Urban to Rural.
- To deliver comprehensive banking solutions strengthening its extensive network.
- To provide quality banking services
- To adopt a market-driven strategy
- To obtain a sustained and competitive return on investment.
Agricultural Development Bank Nepal
Head Office, Ramshahapath, Kathmandu, Nepal
Email: [email protected]
Toll-Free No. 16600111110
Tel : 977-1-4262605, 4219243, 4252359, 4252360, 4262596,4262559,4262756
Fax : 977-1-4262676/ 4262616/ 4262929
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