20th July 2025, Kathmandu
Agricultural Development Bank Limited (ADBL), one of Nepal’s leading commercial banks, has won the Silver Award under the Public Sector Banking Institution category at the National Best Presented Annual Report (BPA) Awards 2024. The award was organized by the Institute of Chartered Accountants of Nepal (ICAN).
ADBL Silver Award Best Report
This prestigious recognition was based on the 2024 BPA Evaluation Guidelines developed by SAFA’s ITAG Committee. The award ceremony was held in Kathmandu and recognized institutions for their commitment to transparency, financial governance, and disclosure.
Transparent Reporting Recognized
The award celebrates ADBL’s strong performance in preparing its Annual Report with a focus on transparency, clarity, and quality. The bank’s ability to communicate financial data with precision and maintain consistent disclosure standards played a key role in securing this honor.
ICAN evaluated the reports based on multiple criteria, including:
Financial reporting transparency
Institutional governance
Clarity in disclosures
Corporate social responsibility (CSR) practices
Commitment to sustainability
The award underlines ADBL’s firm adherence to financial discipline and good governance practices.
Reinforcing Financial Governance
ADBL has stated that this recognition reinforces the bank’s long-standing commitment to financial governance, accuracy, and trust. By maintaining transparency and high standards in its annual reports, the bank continues to promote stakeholder confidence.
The institution also highlighted its focus on ethical financial practices, regular compliance, and transparent communication with shareholders and regulatory authorities. ADBL further pledged to keep improving its reporting standards in future editions of its annual reports.
Stakeholders Appreciated
The bank expressed deep gratitude toward its customers, employees, and regulatory authorities. Their continued support and trust were instrumental in achieving this milestone.
ADBL considers this award a shared success. The bank credited its internal team for preparing high-quality reports and following global best practices in financial reporting and presentation.
ICAN’s Role And BPA Awards
The BPA Awards organized by ICAN aim to promote financial transparency and accountability among both public and private sector institutions in Nepal. Each year, the event evaluates annual reports from multiple industries and categories, pushing organizations toward improved financial reporting and governance standards.
The evaluation committee follows international standards set by the South Asian Federation of Accountants (SAFA), particularly its Improvement in Transparency, Accountability & Governance (ITAG) guidelines.
The guidelines emphasize:
Stakeholder inclusiveness
Effective communication of strategy and performance
Sustainable development practices
Accurate financial and non-financial information
ADBL’s Vision Ahead
ADBL reaffirmed its mission to deliver clear, credible, and comprehensive financial disclosures. The bank has set its sights on achieving greater transparency, institutional excellence, and increased stakeholder engagement in the coming years.
Receiving the Silver Award motivates ADBL to continue aligning its reporting framework with international standards and to lead by example in the public banking sector.
This accomplishment not only enhances ADBL’s brand reputation but also sets a benchmark for other government and commercial banks in Nepal to improve their own reporting quality.
Conclusion
The Silver Award at the National Best Presented Annual Report Awards 2024 is a testament to Agricultural Development Bank Limited’s dedication to transparency, sound governance, and responsible banking. The bank remains committed to setting higher standards in financial reporting and supporting Nepal’s financial sector reform journey.
For more:- ADBL Silver Award Best Report