Myanma Agricultural Development Bank
Government bank in Myanmar / From Wikipedia, the free encyclopedia
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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]
Native name | မြန်မာ့လယ်ယာဖွံ့ဖြိုးရေးဘဏ် |
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Company type | State-owned enterprise |
Founded | 1953; 71 years ago (1953) |
Headquarters | Yangon, Myanmar |
Products | Banking |
Parent | Ministry of Agriculture and Irrigation |