Myanma Agricultural Development Bank

Myanma Agricultural Development Bank
Native name
မြန်မာ့လယ်ယာဖွံ့ဖြိုးရေးဘဏ်
Company typeState-owned enterprise
Founded1953; 71 years ago (1953)
HeadquartersYangon, Myanmar
ProductsBanking
ParentMinistry of Agriculture and Irrigation

The Myanma Agricultural Development Bank (Burmese: မြန်မာ့လယ်ယာဖွံ့ဖြိုးရေးဘဏ်; abbreviated MADB) is a government-owned bank specialized in providing financial services to agricultural enterprises in Myanmar (Burma), and is the largest financial institution of its kind.[1][2] The bank is owned and operated by the Ministry of Agriculture and Irrigation (MAI), and has 206 branches nationwide.[2] MADB provides loans to a sizable number of rural households, serving 1.87 million customers in 2012.[1][2] MADB loan products typically cover farmers' short-term working capital needs (e.g., purchase of seeds, fertilizers, and pesticides; payment of salaries for farm workers; and lease of agriculture equipment).[2]

  1. ^ a b World Bank (2014-04-08). "Myanmar Agricultural Development Bank : Initial Assessment and Restructuring Options". {{cite journal}}: Cite journal requires |journal= (help)
  2. ^ a b c d "Myanmar Agricultural Development Bank". LIFT. Retrieved 2020-05-23.