Banking

Banking is a crucial sector in Bhutan, providing financial services and support to individuals, businesses, and the government. The banking sector in Bhutan has developed significantly in recent years, with the establishment of several commercial banks and the growth of microfinance institutions.

The Royal Monetary Authority of Bhutan serves as the central bank of the country, responsible for the regulation and supervision of the banking sector, as well as for the management of the country’s monetary policy. The RMA also plays an important role in promoting financial literacy and inclusiveness, and has been working to improve access to financial services for all Bhutanese citizens, particularly in rural areas.

Bhutan’s banks offer a range of products and services, including deposit and lending services, as well as international and domestic remittances. Bhutan has also made significant progress in the adoption of digital banking services, with many banks offering online and mobile banking services, and the government investing in initiatives aimed at promoting digital financial services.

Overall, the banking sector in Bhutan is well-developed, with a strong regulatory framework, and is contributing to the country’s economic growth and development. The sector is committed to promoting financial inclusiveness and supporting the country’s citizens and businesses.