January 20: Organizing a press conference in Kathmandu on Sunday (January 19), the Agricultural Development Bank informed it would coordinate with local governments to disburse ‘homestay loans’, targeting the ongoing Visit Nepal Year 2020. The bank also informed that would issue the “ADBL-Agriculture Bank Debenture 2027” worth Rs 2.50 billion.
Chief Executive Officer (CEO) of the bank Anil Kumar Upadhyaya said that the bank had signed an agreement with the Homestay Association Nepal to disburse easy and convenient ‘homestay loans’. This is in addition to the bank’s regular investments in agricultural development, according to CEO Upadhyaya.
He also said that the bank would continue to expand its working area, all the while continuing to enhance its works in the agricultural sector. He also said that bank was adopting a technology-friendly approach in its activities.
The bank is celebrating its 53rd anniversary on Tuesday (January 21).