Agricultural Development Bank

Sector: Commercial Banking

Summary

Agricultural Development Bank (ADBL) recently reported a 24.42 percent fall in net profit, primarily due to a surge in impairment costs. The bank has also implemented revised deposit and loan interest rates, effective April 14, 2026, and partnered with Samsara Remit to modernize its remittance services. Additionally, Tanka Prasad Pandey was recently appointed to the bank's board. The bank has now discontinued its legacy internet banking platform and transitioned customers to ADBL Smart Banking and Corporate Pay services. Recently, ADBL launched instant, collateral-free digital loans through its Smart Plus app, aiming to enhance loan accessibility.

Recent moves

14/10up 2.16% to Rs 327.0 — no specific news, moved with broader market

13/10up 0.79% to Rs 320.3 — no specific news, moved with broader market

12/10up 0.66% to Rs 318.1 — no specific news, moved with broader market

09/10up 1.31% to Rs 316.0 — no specific news, moved with broader market

08/10up 0.68% to Rs 311.9 — no specific news, moved with broader market

07/10no change 0.00% to Rs 309.9 — no specific news, moved with broader market

06/10up 0.49% to Rs 309.9 — slight gain after issuing final blacklisting warning to defaulters

05/10down 0.32% to Rs 308.0 — no specific news, moved with broader market

02/10down 0.32% to Rs 309.0 — slight dip despite launch of instant digital loans

01/10no change 0.00% to Rs 310.0 — no specific news

30/09down 0.16% to Rs 310.0 — no specific news, moved with broader market

26/09up 1.72% to Rs 314.0 — no specific news, moved with broader market interest

25/09up 1.72% to Rs 314.0 — no specific news, moved with broader market interest

24/09up 1.72% to Rs 314.0 — no specific news, moved with broader market interest

23/09up 1.72% to Rs 314.0 — no specific news, moved with broader market interest

22/09up 1.72% to Rs 314.0 — no specific news, but trading volume was strong

19/09up 1.72% to Rs 314.0 — positive sentiment from government subsidy on agricultural insurance premiums

18/09up 0.67% to Rs 302.0 — no specific news

17/09up 0.67% to Rs 302.0 — transitioned to ADBL Smart Banking and Corporate Pay, discontinuing legacy internet banking

16/09up 0.67% to Rs 302.0 — employees donated NPR 15.3 million for Bhote Koshi flood relief

Context

Agricultural Development Bank Limited is auctioning mortgaged assets due to unpaid loan liabilities, a measure taken to address its non-performing loans and support recovery efforts. Recently, Tanka Prasad Pandey, a Joint Secretary, was appointed to the bank's board, which could influence its governance and strategic direction. The bank's employees have shown social responsibility by voluntarily donating a significant amount for flood relief efforts, reflecting positive internal morale and community engagement. The bank has also modernized its digital banking services by discontinuing its legacy internet banking platform and launching ADBL Smart Banking and Corporate Pay, aiming to enhance customer experience and operational efficiency.

The recent abolition of tax on agricultural produce in Karnali province may indirectly benefit the bank by easing agricultural production and marketing, potentially improving loan demand and repayment capacity in the region. Additionally, the government’s announcement to subsidize up to 80% of agricultural and livestock insurance premiums starting FY 2080/81 could boost demand for related banking products and services, supporting ADBL’s growth prospects in the agricultural sector.

Recently, ADBL restored full banking services through a temporary Battar office after flood damage to its Trishuli branch. The bank also issued a second auction notice for mortgaged properties, continuing its efforts to recover non-performing loans. Moreover, a new MoU involving Karuna Foundation Nepal, Muktinath Bikas Bank, and Muktinath Krishi Company aims to enhance financial inclusion and agricultural support, signaling growing sector collaboration.

On 2026-09-24, ADBL invited sealed bids for its non-banking assets including land and buildings, indicating ongoing efforts to optimize its asset portfolio and strengthen financial health.

On 2026-09-25, ADBL Mobile Banking enabled instant and secure Nepal-India peer-to-peer remittances through integrated UPI and NPI payment systems, enhancing its remittance service capabilities and customer convenience.

On 2026-10-02, ADBL launched instant, collateral-free digital loans via its Smart Plus app, featuring automated credit evaluation to speed up loan disbursement and improve accessibility for customers.

On 2026-10-06, ADBL issued a 35-day final blacklisting warning to defaulters before initiating legal recovery actions, signaling a firmer stance on non-performing loans and efforts to strengthen financial discipline.