Wednesday, March 25, 2009

AGRICULTURE BANK


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, Nepal was established in 1968 under the ADBN Act 1967, as 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.

Agricultural Development Bank Limited (ADBL) is an autonomous organization largely owned by Government of Nepal. 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 Bank and Financial Institution Ordinance (BAFIO) in February 2004 abolished all Acts related to financial institutions including the ADBN Act, 1967. In line with the BAFIO, ADBL has been incorporated as a public limited company on July 14, 2005. Thus, ADBL operates as a "A" category financial Institution under the legal framework of BAFIO and the Company Act, 2053.

Monday, March 23, 2009

Siddhartha Development Bank limited

Siddhartha Development Bank limited (SDBL) is the first Development bank of western region of Nepal established formally in the year 2056 which commenced operation on 11th Ashad, 2057. The Bank has been established solely with the aim of getting exclusive confidence of Nepalese market by rendering global standards of services through professional & quality management. SDBL has been promoted as a dedicated bank with a primary focus in the development of industrial trade and commercial in Nepal Besides debt financing, the bank also offers assistance to the clean and renewable energy projects by way of private equity and advisory and consulting services. The Bank which has been in profitable operation from its inception, has managed robust growths in its overall business and profitability during the recent years. The Bank offers a complete suite of banking products and services including transaction banking, business banking, project finance, corporate banking and consumer banking.The Board, supported by the management team comprising of young, enthusiastic professionals, has successfully embarked on a multi-pronged strategy of consolidation, administrative streaming, human resource up-skilling, strategic cost management, focused non-performing assets management, balance sheet and treasury management and controlled asset growth in tandem with strengthing the credit culture and strategic marketing and sales. The Bank is rated as "A" class financial institution by Nepal stock Exchange since listing of its public shares.SDBL is committed to provide superior banking products and financial to its customers through efficient and cost-effective service delivery; offering of new innovative products and friendly customer service; and at the same time maintaining confidentially, professionalism & good governance. It consistently upgrades its processing systems and technology support besides broadening its scope, range and quality of services. All its branches are interconnected through leased line/optical fiber back-ups and are capable of providing on-line real-time banking services.The Bank believes in continuously offering new and value added services to customers with commitment to quality and value to clients. Accordingly, the Bank has been in the forefront in launching Superior products with unique customer friendly features with immense success.

Gurkha Development Bank


WelcomeGurkha Development Bank (Nepal) Ltd. is promoted by British Gurkhas. It is managed by banking professionals. The disciplined and loyal Gurkhas incorporates the same values in the bank which has earned them an awesome reputation. There is profit but with ethics. Transparency and integrity are not compromised for financial gains...
About Gurkha Development Bank
Gurkha Development Bank (Nepal) Ltd. is promoted by British Gurkhas. It is managed by banking professionals. The disciplined and loyal Gurkhas incorporates the same values in the bank which has earned them an awesome reputation. There is profit but with ethics. Transparency and integrity are not compromised for financial gains.
The bank has been initiated with the latest innovative tools in banking to give services with a difference. There has been a constant revamping and introduction of market friendly packages for the benefit of the customers.
Operation and the financial statement are clean and reliable. The deposit and lending rates are competitive with an unprecedented emphasis on the quality of services. We are constantly enabling our clients achieve their financial goals.