Zarai Taraqiati Bank Limited

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Zarai Taraqiati Bank Limited
Public company
Industry Finance
Founded 1961
Headquarters Islamabad, Pakistan
Key people
Syed Talat Mehmood, President
Products Banking & Insurance products
Revenue PKR 8.484 billion (as Dec.31st, 2008)
Total assets PKR 8.484 billion (as Dec.31st, 2008)
Number of employees
5,500 [1]
Website [1]
Zarai Taraqiati Bank Limited (ZTBL) Headquarters

The Zarai Taraqiati Bank Limited (ZTBL) (formerly known as Agricultural Development Bank of Pakistan) is the largest public sector financial development institution in Pakistan. The bank serves around half a million clients annually and has over one million accumulated account holders and a wide network of 32 Zonal Offices, 9 Audit Zones and 416 branches in the country. ZTBL is also providing branch less banking facility to its customers through Upaisa, a joint effort by ZTBL and U Microfinance Bank Limited.[2]


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 as Agricultural Development Bank of Pakistan in February 1961. On December 14, 2002, the Federal Government converted the Agricultural Development Bank of Pakistan (ADBP) into Zarai Taraqiati Bank Ltd (ZTBL). The new corporate structure redefined the banks as a single public limited company with an independent Board of Directors.[3]

Zarai Taraqiati Bank (ZTBL) was registered under the Companies Ordinance 1984, and all assets, liabilities and proceedings were transferred to and vested in Zari Taraqiati Bank with effect from December 14, 2002.[4]

Products and services[edit]

  • Supervised Agricultural Credit Scheme
  • Deposits (Fixed, Saving, Current Accounts & Zarai Bachaat Scheme)
  • Upaisa (Branch less Banking facility)
  • Loan Schemes[5]
  • Home Remittance
  • Hajj applications
  • One Window Operation
  • Revolving Finance Scheme (RFS)/Sada Bahar Scheme (SBS)
  • Crop Maximization Project[6]

Credit rating[edit]

In May 2013, ZTBL continued to achieved a AAA credit rating by JCR-VIS ( Credit rating company Limited)[7]

Year Entity Stand Alone Outlook
2013 AAA/ A-1+ B+/ B Stable
2012 AAA/A-1+ B+/ B* Stable

See also[edit]


External links[edit]

Coordinates: 33°41′52″N 73°03′51″E / 33.6977°N 73.0641°E / 33.6977; 73.0641

is wholly owned by Government of Pakistan with 57% of its shares held by Federal Government, 36% by State Bank of Pakistan and 7% by Provincial Governments and other Public sector corporations. Its Board of Directors consisting of the representatives of private sector is appointed by Ministry of Finance, Government of Pakistan.