Audonia Development Bank

Alshar Development Bank
棘手的开发银行

Alshar Development Bank Tower
Headquarters	Heng, Daxia
Established	1997
Chairman	Rune Haako
Currency	Daxian Lire (LIR)
Reserve requirements	0 - 15%
Bank rate	4% to 8%
Interest on reserves	0.25%
Interest paid on excess reserves?	Yes
Website	wwww.adb.cr

The Alshar Development Bank (ADB, 棘手的开发银行) is a financial lending insitution established in 1997 by decree of Chancellor Linge Chen and placed under supervision of the Daxian Ministry of Finance until 1999 when it was granted autonomy. The ADB was created to provide a systematic mechanism for mobilizing and administering financial resources for the bank to lend on concessionary terms to participatory member countries and private entities. The ADB is based out of the Alshar Development Bank Tower in Heng's financial district.

Organization

• Board of Governors - All powers of the Bank are vested in the Board which may delegate its powers to the Board of Directors except in such matters as admission of new members, changes in the Bank's authorized capital stock, election of Directors and Chairman, amendment of the foundational charter. The Board meets at least twice a year.
• Board of Directors - The Board of Directors is responsible for general direction of everyday operations and exercises all powers delegated by the Board of Governors, which elects it. There are 10 Directors who serve for three years and can be reelected.

Activities

Loans by the Bank are usually aimed at specific projects, resulting in the creation of real physical assets: it does not provide balance of payments support of the type given by other development banks. In responding to requests from member governments and private solicitants for loans, the Bank's staff assesses the financial and economic viability of projects and the way in which they fit into the economic framework and priorities of development of the nation concerned. During 2025 energy projects accounted for 36% of total lending with an emphasis of development of indigenous sources of energy such as production of natural gas in Canpei, coal in Xisheng, lignite exploration in Rusana and the development of hydroelectric power in occupied Varshan. Agricultural development and agro-industrial projects represented 17% of total lending, with irrigation schemes in the Ulug steppe macroregion and livestock development programs in Huoxia being noteworthy.

List of Chairmen

No.	Organization	Chairman	Took office	Left office
1	Alshar Development Bank	Merin Rugong	June 1997	August 2006
2	Alshar Development Bank	Bip Nutos	August 2006	December 2015
3	Alshar Development Bank	Rune Haako	December 2015	Current