Pak3000
2020-08-26, 12:44 AM
A Review On Zarai Taraqiati Bank Limited
The Zarai Taraqiati Bank Limited (ZTBL), formerly known as Agricultural Development Bank of Pakistan, is Pakistani government-owned agricultural bank which is based in Islamabad, Pakistan.
Zarai Taraqiati Bank Limited (ZTBL) was incorporated as a public limited company in 2002 under Companies Ordinance, 1984. The bank provides agriculture credit and banking services to farmers across the country. The bank remains the largest public sector agriculture development financial institution in the country. ZTBL has a limited banking license that restricts the institution from undertaking a broad range of banking business. The bank has applied for a commercial banking license to the State Bank of Pakistan (SBP); however, no decision has yet been taken with regards to the same.
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 492 branches in the country as on 31 December 2017. Around 54% of the branches are located in Punjab followed by Sindh (21%), KPK (14%), Baluchistan (7%), AJK (3%) and GBC (2%). ZTBL is also providing branchless banking facility to its customers through Upaisa, a joint effort by ZTBL and U Microfinance Bank Limited
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 modernisation of agriculture in Pakistan.
The Zarai Taraqiati Bank Limited (ZTBL), formerly known as Agricultural Development Bank of Pakistan, is Pakistani government-owned agricultural bank which is based in Islamabad, Pakistan.
Zarai Taraqiati Bank Limited (ZTBL) was incorporated as a public limited company in 2002 under Companies Ordinance, 1984. The bank provides agriculture credit and banking services to farmers across the country. The bank remains the largest public sector agriculture development financial institution in the country. ZTBL has a limited banking license that restricts the institution from undertaking a broad range of banking business. The bank has applied for a commercial banking license to the State Bank of Pakistan (SBP); however, no decision has yet been taken with regards to the same.
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 492 branches in the country as on 31 December 2017. Around 54% of the branches are located in Punjab followed by Sindh (21%), KPK (14%), Baluchistan (7%), AJK (3%) and GBC (2%). ZTBL is also providing branchless banking facility to its customers through Upaisa, a joint effort by ZTBL and U Microfinance Bank Limited
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 modernisation of agriculture in Pakistan.