Question 1

What is Agricultural Development Bank?

Accepted Answer

Agricultural Development Bank Limited (ADBL) is Nepal's premier agricultural development and commercial bank, specializing in rural finance and agricultural sector development. Operating as a Class A financial institution, ADBL is the largest banking network in Nepal with a particular focus on serving farmers, agro-based industries, and rural communities. The bank is a public limited company with 51% ownership by the Government of Nepal and 49% by the general public, primarily customers and employees.

Question 2

When was Agricultural Development Bank founded?

Accepted Answer

Agricultural Development Bank was formally established in 1968 under the Agricultural Development Bank Nepal Act of 1967, succeeding the Cooperative Bank that was initially established in 1963. The bank was inaugurated by the late King Mahendra Bir Bikram Shah Dev at the present Nepal Bank Limited building in New Road, Kathmandu.

In 1973, the Bhumisudhar Bachat Sanstha (Land Reform Savings Corporation) was merged with ADBL. The bank began commercial banking operations in 1984 to mobilize urban deposits for rural lending. Following the enactment of the Bank and Financial Institution Act (BAFIA) in February 2004, ADBL was incorporated as a public limited company on July 14, 2005, and received its Class A financial institution license from Nepal Rastra Bank on March 16, 2006.

Question 3

Where is Agricultural Development Bank headquartered?

Accepted Answer

Agricultural Development Bank is headquartered at Ramshah Path in Kathmandu, Nepal. The bank maintains a strong presence in the capital city with multiple branch offices while extending its reach throughout the country.

Question 4

Where does Agricultural Development Bank operate?

Accepted Answer

Agricultural Development Bank operates throughout all 77 districts across Nepal's 7 provinces. The bank maintains one of the most extensive banking networks in the country with more than 284 offices, including the head office, 7 provincial offices, and numerous branch offices spread across urban and rural areas. All offices are interconnected through a highly advanced computerized system, ensuring seamless service delivery even in remote locations.

Question 5

What services does Agricultural Development Bank offer?

Accepted Answer

ADBL offers a comprehensive range of banking services including agricultural loans, livestock and poultry farming loans, commercial loans, gold loans, foreign exchange services, locker facilities, treasury transactions, trust receipt loans, and guarantee services. The bank provides specialized savings products such as Remittance Bachat Khata for overseas workers, Krishak Bachat Khata for farmers, and Chetanshil Nari Bachat Khata for women.

Digital banking services include ADBL Smart mobile banking app, internet banking, ATM services at 129 locations, Corporate Pay for institutional customers, and credit card and VISA debit card services. The bank has established strong technological infrastructure with all branches connected through computerized systems, enabling customers to conduct transactions from any branch nationwide.

The bank also administers the Small Farmer Development Program (SFDP), a major poverty alleviation initiative, and provides various training programs for farmers to enhance their skills and productivity.

Question 6

What makes Agricultural Development Bank unique?

Accepted Answer

ADBL stands out as Nepal's premier rural credit institution, contributing more than 67% of institutional credit supply to the agricultural sector. The bank pioneered microfinance in Nepal through its Small Farmer Development Program, which empowers small farmers with credit while generating employment opportunities.

With over 58 years of operation and serving more than 1.2 million customers, ADBL has financed over 40,000 agricultural producers with total lending exceeding 585.8 billion Nepali rupees. The bank's extensive network of 182 credit societies (established in rural areas in close proximity to agricultural production sites) ensures financial services reach even the most backward and underprivileged communities.

ADBL has collaborated with international organizations including the Asian Development Bank for capital and technology development, and is a member of the Asian-Pacific Rural and Agricultural Credit Association (APRACA). The bank's slogan "Bank with complete banking solution at your own doorstep" reflects its commitment to accessible rural finance.

Question 7

What type of financial institution is Agricultural Development Bank?

Accepted Answer

Agricultural Development Bank Limited is a Class A commercial bank in Nepal, operating under the Bank and Financial Institution Act (BAFIA) and the Company Act. While functioning as a full-service commercial bank, ADBL maintains a specialized development banking orientation.

The bank operates simultaneously in three fields: commercial banking, development banking, and microfinance. This unique tri-functional model allows ADBL to serve as both a profit-oriented commercial institution and a development finance institution supporting government policy objectives for agricultural sector growth and rural development. The bank is regulated and supervised by Nepal Rastra Bank, the country's central bank.

Agricultural Development Bank

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About Agricultural Development Bank in Nepal

Agricu­ltural Development Bank