Rationale for the establishment of BDFCL
INCORPORATION
BDFCL was incorporated by the Royal Charter, in January 1988, with the assistance of the Asian Development Bank (ADB) to function as a development finance institution (DFI).
BDFCL is registered as a company under the Companies Act (2000). It functions as a non-bank financial institution under the Financial Institutions Act (1992).
The Royal Government of Bhutan (RGoB) which is the principal sponsor of the institution and owns 93.50% of its paid up share capital, and remains BDFCL’s largest single shareholder.
BOARD OF DIRECTORS
MAIN OBJECTIVE
The main objective is “ to promote the Agricultural, Industrial and Commercial development of the economy of Bhutan”
BDFCL SHAREHOLDING PATTERN
- —The RGOB enhanced the paid capital by another Nu. 100 million in June 2009.
| Shareholders(2009) | Old | New |
| RGOB | 87.00% | 93.50% |
| BOBL | 7.50% | 3.75% |
| RICBL | 3.00% | 1.50% |
| BNBL | 2.50% | 1.25% |
VISION
“To be the strong, dependable and customer focused Bank that provides much more than money, to ensure that businesses grow and succeed and our people enjoy a better tomorrow”
MANDATES OF BDFCL
- Provide micro, small and medium financial services for the development and modernization of agricultural, commercial and industrial enterprises in the country;
- Enhance income of the people thereby improve standard of living through provisions of financial services.
- Provide financial services for private sector development;
- Alleviate poverty;
- Provide technical and advisory services to the enterprises;
- Mobilize external and internal funds for investments.
Where Does BDFCL Operate?
- Head Office in Thimphu
- 3 Regional Offices
- 25 Branches nationwide
- 2 Sub Branches
- Western Region based in Paro
- Central Region based in Trongsa
- Eastern Region based in Trashigang
- Dagapela
- Dremitse
