ADBL’s lending close to Rs 34b

Kathmandu, March 10:

The investment of Agriculture Development Bank Ltd (ADBL) has increased to Rs 33.94 billion in various sectors.

On the occasion of its half-yearly performance review meeting held recently, the newly-elected general manager of the bank Hari Gopal Gorkhali directed employees of ADBL to expedite recovery of loans and interests effectively, says a press release issued by Arjun Bista, spokesperson at the Bank.

Similarly the bank, in the current fiscal year’s six months, has shown improvement in its financial indicators.

Speaking at the meeting, chairman of the bank, Prof Dr Bijay K C stressed on the need to change the working style of employees considering the increased competition in the financial sector.

The staff of the bank should be able to deliver sound services to customers which will ultimately benefit the bank, said KC.

GM Gorkhali said that the training programmes conducted by ADBL would be a milestone in knowledge enhancement of employees and help compete with other financial players.

As per the half-yearly performance report for the current fiscal year, the bank has increased its lending, principal collection and interest by 15 per cent, 16 per cent and 20 per cent, respectively. The ratio of non-performing assets has also gone down, as per the report.

During the review meeting, regional directors and chiefs of branch offices of ADBL, were present.

During the training programmes conducted by the bank, experts from India were invited, says the bank’s press statement. Gorkhali also said that employees should work to become customer-friendly in a changed context.

Govinda Lal Karna, regional training chief based in Chitwan ADBL office said that training imparted by foreign experts would be instrumental in improving the performance of the bank.