DEFINITION of 'Asian Development Bank'

Founded in 1966, its headquarters are in Manila, Philippines. The Asian Development Bank's primary mission is to foster growth and cooperation among countries in the Asia-Pacific Region. It has been responsible for a number of major projects in the region, raising capital through the international bond markets.

BREAKING DOWN 'Asian Development Bank'

The two largest shareholders of the Asian Development Bank are the United States and Japan. Although the majority of the Bank's members are from the Asia-Pacific region, the industrialized nations are also well represented. Regional development banks usually work in harmony with both the International Monetary Fund and the World Bank in their activities.

RELATED TERMS
  1. Dow Jones Asian Titans 50 Index

    A market capitalization-weighted index of Asia-Pacific stocks ...
  2. Executives' Meeting of East Asia ...

    An organization of 11 central banks from the southeast and Pacific ...
  3. The World Bank

    An international organization dedicated to providing financing, ...
  4. Inter-American Development Bank ...

    A cooperative development bank founded in 1959 to accelerate ...
  5. Asian Financial Crisis

    Also called the "Asian Contagion", this was a series of currency ...
  6. Asian Infrastructure Investment ...

    The Asian Infrastructure Investment Bank (AIIB) is an international ...
Related Articles
  1. Insights

    Regional Banks Give The Fed A National Perspective

    We all know that the Federal Reserve utilizes monetary policy to control the economy, but what do the 12 regional Federal Reserve Banks do?
  2. Investing

    IAT: iShares US Regional Banks ETF

    Obtain information and analysis of the iShares US Regional Banks ETF for investors seeking particular exposure to regional bank stocks.
  3. Retirement

    What Does It Cost to Retire in the Philippines?

    Find out why the Philippines rates as one of the cheapest retirement spots in the world and why many choose to spend their retirement years in this island nation.
  4. Investing

    Asian Development Bank Cuts Asian GDP Growth Forecast

    ADB’s 2016 growth forecast for the Asia-Pacific region was revised down to 5.6% from the March forecast of 5.7%.
  5. Financial Advisor

    This Asian Nation Is Poised For Steady Growth

    This Southeast Asian nation's growth has analysts calling it a ‘Tiger Cub’, ‘a Next Eleven economy’ and ‘a new Tiger of Asia.’ Here's why.
  6. Investing

    Regional Bank ETF: Is KRE Still a Buy if Rate Hikes Are Unlikely?

    Get a review and analysis of the SPDR S&P Regional Banking ETF (KRE), and learn why it's a good investment even if interest rates remain low.
  7. Investing

    This ETF Suggests Now Is The Time To Buy Regional Bank Stocks (KRE, WAL)

    The charts of several regional bank stocks are suggesting that the sector could benefit from a broad move higher. We'll take a look at a few ways to make the trade.
  8. Insights

    World Bank Data For Dummies

    Developing countries can't always afford to track the data crucial to setting the right economic policies and programs. That's where the World Bank steps in.
  9. Investing

    Benefits of Regional Bank ETFs over Commercial Banks (KRE, KBE)

    The SPDR S&P Regional Banking ETF offers a stable local alternative to broad-based multinational commercial banking sector funds.
  10. Taxes

    Read This Before Taking $10K+ to the Philippines

    There are many reasons why you might need to go to the Philippines with more than $10,000. If you do, follow these guidelines to avoid penalties.
RELATED FAQS
  1. What emerging markets are best positioned to benefit from growth in the utilities ...

    Explore the growth potential for the utilities sector in major emerging market economies, and learn what countries are the ... Read Answer >>
  2. How does the division of regional and national banks affect investing in the banking ...

    Research the difference between investing in regional versus national banks, and find out which strategy is the best fit ... Read Answer >>
  3. Is there a difference in risk between the different regions of the U.S. banks?

    Find out why there are different amounts of risk for different regional banks in the US. It depends on regional exposure ... Read Answer >>
  4. What is the difference between International Monetary Fund and the World Bank?

    Learn about the International Monetary Fund and the World Bank and how they are differentiated by their respective functions ... Read Answer >>
  5. What are common mutual funds an investor should consider for investing in banks?

    Discover some of the mutual funds that are most popular with analysts and investor for investing in the banking industry ... Read Answer >>
  6. What is the average profit margin for a company in the banking sector?

    Learn what the average profit margin is for companies in the banking sector, along with other evaluation metrics often used ... Read Answer >>
Hot Definitions
  1. Return on Market Value of Equity - ROME

    Return on market value of equity (ROME) is a comparative measure typically used by analysts to identify companies that generate ...
  2. Majority Shareholder

    A person or entity that owns more than 50% of a company's outstanding shares. The majority shareholder is often the founder ...
  3. Competitive Advantage

    An advantage that a firm has over its competitors, allowing it to generate greater sales or margins and/or retain more customers ...
  4. Mutual Fund

    An investment vehicle that is made up of a pool of funds collected from many investors for the purpose of investing in securities ...
  5. Wash-Sale Rule

    An Internal Revenue Service (IRS) rule that prohibits a taxpayer from claiming a loss on the sale or trade of a security ...
  6. Porter Diamond

    A model that attempts to explain the competitive advantage some nations or groups have due to certain factors available to ...
Trading Center