| Zarai Taraqiati Bank Limited |
 |
| "Let us grow together" |
| Ownership |
Government |
| Type of Institution |
Specialized Bank |
| Established |
1961 |
| Chairman |
Sultan Ali Chaudhry |
| President & CEO |
Ms. Roohi Raees Khan |
| EVP-HR |
Muhammad Asghar |
| Headquarters |
Islamabad, Pakistan |
| Total Assets |
PKR 102.371 billion (as Dec.31st, 2008) |
| Total Revenue |
PKR 8.484 billion (as Dec.31st, 2008) |
| Total Employees |
5500[1] |
| Homepage |
http://www.ztbl.com.pk |
The Zarai Taraqiati Bank Limited (ZTBL) (formerly known as Agricultural Development Bank of Pakistan) is the largest public sector financial development institution with a wide network of 31 Zonal Offices, 9 Audit Zones and 357 branches in Pakistan. The bank serves around half a million clients annually and has over one million accumulated account holders.[2]
[edit] History
Zarai Taraqiati Bank Limited (ZTBL) Headquarters
After the Independence of Pakistan, it was considered that the existing institutional sources of credit such as Taccavi and Cooperatives, were insufficiently meeting the credit needs of farmers. Consequently, Agricultural Development Finance Corporation was created in 1952 under a Central Act for the purpose of expanding financial facilities and promoting the development and modernization of agriculture in Pakistan. In 1957, the Agricultural Bank of Pakistan was established and advanced both short and long term loans. Both these institutions were merged together as Agricultural Development Bank of Pakistan in February 1961. On December 14, 2002, the Federal Government has converted the Agricultural Development Bank of Pakistan (ADBP) into Zarai Taraqiati Bank Ltd (ZTBL) and the new venture has started its operation with immediate effect. The new corporate structure redefines the banks statue as a public limited company with an independent Board of Directors promulgated under the presidential ordinance, which aims at ensuring good governance, autonomy, delivering high quality, viable and timely financial services to a greater number of clientele in the agricultural and rural segment of the country with adequate returns to the stakeholder.[3]
Zarai Taraqiati Bank (ZTBL) has been registered under the Companies Ordinance 1984 and by virtue of Finance Order, all assets, liabilities proceedings undertaking of ADBP stands transferred to and vested in Zari Taraqiati Bank with effect from December 14, 2002. Mr. Istaqbal Mehdi was the 1st President and CEO of ZTBL after conversion into ADBP.[4]
[edit] Products and services
- Supervised Agricultural Credit Scheme
- Deposits (Fixed, Saving, Current Accounts & Zarai Bachaat Scheme)
- Micro Credit Scheme
- Credit to Women Program
- One Window Operation
- Revolving Finance Scheme (RFS)/Sada Bahar Scheme (SBS)
- Crop Maximization Project[5]
[edit] ZTBL Credit Rating
In August 2010, ZTBL continued to achieved a AAA credit rating by JCR-VIS[6]
| Year |
Entity |
Stand Alone |
Outlook |
| 2010 |
AAA/ A-1+ |
B+/ B |
Stable |
| 2009 |
AAA/ A-1+ |
B+/ B |
Stable |
[edit] See also
[edit] References
[edit] External links
