Ace Development Bank Ltd. has been a leading player in the financial market of Nepal. It was founded in August 1995 as Ace Finance Company Ltd. and was upgraded to Ace Development Bank Ltd., a full fledged category "B" development bank in 2007.
Over the years, customers and regulators have been in appreciation of the many financial products and innovations developed by us. Our diversified risk asset portfolio has served the economy in every sector as have the wide choices of deposit account schemes. Our wholesale banking initiatives have assisted numerous commercial banks and private enterprises with risk management concerns such as debentures and rights.
Our resolve to provide client-centric solutions and surpass the expectations of our stakeholders remains firm and unyielding. We are now in a position to provide various products to serve all our customers' needs under one umbrella. We are now more competitive than ever with new products and innovations in the pipeline.
Corporate Governance is another aspect which we strongly believe in. The Institute of Chartered Accountants of Nepal has awarded us the "Best Presented Account Award" for four years in a row. This shows the transparency and accuracy of our book of accounts.
Our employees are all qualified with a minimum of a Bachelors' Degree. All our managerial level personnel have a minimum of an MBA degree. Employees are constantly upgraded in seminars, workshops and training programs in the country and internationally. Ace Development Bank prides itself in having the highest productivity in ratio to its size.