Bhutan Development Bank Limited (BDB) was incorporated by the Royal Charter, in January 1988, with assistance of the Asian Development Bank (ADB) to function as a development finance institution (DFI). BDB is registered as a company under the Companies Act (2000 and licensed under the Financial Institutions Act 1992).BDB now functions as a domestic development bank with cheque facilities after obtaining its banking license in March,2010.
BDB is the only Bank that gives focus to the rural farmers and immediately assumed responsibility for the nation-wide credit program, which mainly provide seasonal, small and medium term loans to the country’s small farmers. It had also commenced its Industrial Lending operations providing term finance and working capital for industrial and Agro-based ventures. Farmers Outreach banking was also introduced to the clients in the rural areas, where the field officers visit the farmers for loan disbursement, collection, deposit, withdrawal etc, at fixed period, place and time. The clients in the rural areas can save their expenses to come to the branch office. The Royal Government of Bhutan (RGoB) owns 96% of it’s paid up share capital.
MANDATES OF BDB
Where Does BDB Operate?