History

Since its inception in August 1995, Ace Finance Company Ltd. (now Ace Dev. Bank Ltd.) has been a leading player in the financial market of Nepal. Over the years, regulators and customers 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.

Ace Finance Co. Ltd has now evolved into Ace Development Bank Ltd., a full fledged category ‘B’ development bank. 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.

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.

Internal changes have been initiated for a while now and managers have been designated to head their respective departments. With effective and rigorous training over, our enhanced and empowered personnel have confidently taken the reigns of Ace Development Bank.