Bhutan Development Bank Limited

Bhutan Development Bank Limited (BDB) was incorporated by the Royal Charter, in January 1988, with assistance of the Asian Development Bank (ADB) to function as a development finance institution (DFI). BDB is registered as a company under the Companies Act (2000 and licensed under the Financial Institutions Act 1992). BDB now functions as a domestic development bank with cheque facilities after obtaining its banking license in March, 2010.