MADB meaning in Banking ?

Answer: What is Myanmar Agricultural Development Bank mean?

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. The bank is owned operated by the Ministry of Agriculture and Irrigation (MAI), and has 206 branches nationwide. MADB provides loans to a sizable number of rural households, serving 1.87 million customers in 2012. 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).

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