Agricultural Development Bank Limited 2024 AR2
The report highlights Agricultural Development Bank Ltd.'s (ADBL) performance for the fiscal year 2023/24, during which the company achieved a remarkable 118.94% increase in net profit after tax, reaching NPR 2.89 billion. The bank expanded its digital footprint, with active mobile banking users growing to 575,890 and merchant QR codes increasing to 22,916. In alignment with the Sustainable Development Goals, the company allocated NPR 29.46 million to corporate social responsibility initiatives, focusing on education, healthcare, and financial literacy. Additionally, the bank integrated environmental and social risk management guidelines into its lending processes, dedicating 32% of its loan portfolio to the agricultural sector.
Company: Agricultural Development Bank Limited
Country: Nepal
Year: 2024
Type: AR2
Pages: 372
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Agricultural Development Bank Limited
Annual Report
The report highlights Agricultural Development Bank Ltd.'s (ADBL) performance for the fiscal year 2023/24, during which the company achieved a remarkable 118.94% increase in net profit after tax, reaching NPR 2.89 billion. The bank expanded its digital footprint, with active mobile banking users growing to 575,890 and merchant QR codes increasing to 22,916. In alignment with the Sustainable Development Goals, the company allocated NPR 29.46 million to corporate social responsibility initiatives, focusing on education, healthcare, and financial literacy. Additionally, the bank integrated environmental and social risk management guidelines into its lending processes, dedicating 32% of its loan portfolio to the agricultural sector.
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Document Details
Report Year
2024
Reporting Period
Jul 17, 2023 - Jul 15, 2024
Fiscal Year
2024
Type
Annual Report with Sustainability Disclosures
Language
English
Pages
File Size
Standards & Assurance
Materiality Assessment
Assurance
Assurance Provider
Assurance Standard
ESG Data?Experimental: AI-extracted data, may contain inaccuracies
Employees