BANKING AFFAIRS

BANKING GENERAL KNOWLEDGE

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Where is the head office of ADB?
A
New Delhi
B
Vienna
C
Manila
D
Beijing
Explanation: 

Detailed explanation-1: -The headquarters of the bank is at 6 ADB Avenue, Mandaluyong, Metro Manila, Philippines, and it has 42 field offices in Asia and the Pacific and representative offices in Washington, Frankfurt, Tokyo and Sydney.

Detailed explanation-2: -Pages. Masatsugu Asakawa is the President of the Asian Development Bank (ADB) and the Chairperson of ADB’s Board of Directors. He was elected President by ADB’s Board of Governors and assumed office on 17 January 2020. In August 2021, he was reelected for a 5-year term starting on 24 November 2021.

Detailed explanation-3: -1972–1990 ADB’s first headquarters was located at 2330 Roxas Boulevard, Pasay City, Philippines. 8 April 1986, Mandaluyong City, Philippines Philippine President Corazon Aquino lays the foundation stone of the new ADB headquarters.

Detailed explanation-4: -The Philippines capital of Manila was chosen to host the new institution, which opened on 19 December 1966, with 31 members that came together to serve a predominantly agricultural region. Takeshi Watanabe was ADB’s first President.

There is 1 question to complete.