Zarai Taraqiati Bank Limited

The Zarai Taraqiati Bank Limited (ZTBL) (Urdu: زرعی ترقیاتی بینک لمیٹڈ), formerly known as Agricultural Development Bank of Pakistan, is Pakistani government-owned agricultural development bank which is based in Islamabad, Pakistan. Founded in 1961 as the agricultural development bank, the bank was renamed in 2002 as Zarai Taraqiati Bank Limited (ZTBL) and was subsequently incorporated as a public limited company in 2002 under Companies Ordinance 1984.[4]

Zarai Taraqiati Bank Limited
TypePublic company
IndustryFinance
Founded1961 (1961)
HeadquartersIslamabad, Pakistan
Area served
Pakistan
Key people
Nadeem Lodhi, Chairman Board,[1] Muhammad Shahbaz Jameel, President
ProductsBanking, Agri-Financing & Insurance products
RevenueDecreaseRs. 16.61 billion (US$58 million) - 2016[2]
DecreaseRs. 6.70 billion (US$23 million) - 2016[2]
DecreaseRs. 3.38 billion (US$12 million) - 2016[2]
Total assetsIncreaseRs. 215.9 billion (US$750 million) - 2016[2]
Number of employees
5,500[3]
Websitewww.ztbl.com.pk

The bank provides agricultural credit and banking services to farmers across the country. It remains the largest public sector agriculture development financial institution in the country.

History

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 the 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.[5]

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.[6]

Products and services
  • Supervised Agricultural Credit Scheme
  • Deposits (Fixed, Saving, Current Accounts, Zarai Bachaat Scheme, ZTBL Junior Account, Mustaqbil Mehfooz A/C & Rozana Bachat A/C, etc.)
  • Loan Schemes( Production Loan Schemes, Development Loan Schemes, Crop loan Insurance, Model Village Establishment
  • Locker Facility ( Small, Medium, Large )
  • UPaisa (Branchless Banking facility)
  • Treasury
  • Home Remittance ( Western Union, Xpress Money and some other nearly 40 companies )
  • Hajj applications
  • One Window Operation
  • Revolving Finance Scheme (RFS)/Sada Bahar Scheme (SBS)
  • Crop Maximization Project[7]

Credit rating

In June 2016, ZTBL continued to achieve a AAA credit rating by JCR-VIS ( Credit rating company Limited)

YearEntityStand AloneOutlook
2019AAA/A-1+B+/ B*Stable
2018AAA/A-1+B+/ B*Stable
2017AAA/ A-1+B+/ BStable
2016AAA/A-1+B+/ B*Stable

See also

References
  1. "Govt to appoint Nadeem Lodhi as ZTBL board chairman". 21 December 2020.
  2. "ZTBL Annual Report 2015" (PDF). ZTBL.com.pk. Retrieved 19 July 2019.
  3. ":: Zarai Taraqiati Bank Limited::". Archived from the original on 25 November 2010. Retrieved 12 May 2019.
  4. "ZTBL playing key role in development of agro-based industry - Print - Business Recorder". 31 October 2019.
  5. "Pakissan.com; ADBP converted into Zarai Taraqiati Bank to provide credit to small farmers". www.pakissan.com.
  6. ZTBL (Zarai Taraqiati Bank Limited) to play an important role, says Mehdi Dawn (newspaper), Published 15 December 2002, Retrieved 12 May 2019
  7. ZTBL (Zarai Taraqiati Bank Limited) told to seek international donors' help Dawn (newspaper), Published 6 May 2011, Retrieved 12 May 2019

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