Zarai Taraqiati Bank Limited
 |
|
| Public company | |
| Industry | Finance |
| Founded | 1961 |
| Headquarters | Islamabad, Pakistan |
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Key people
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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
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5,500 |
| Subsidiaries | KSSL - Kisan Support Services Ltd. |
| Website | [1] |
The Zarai Taraqiati Bank Limited (ZTBL) (formerly known as ADBP - Agricultural Development Bank of Pakistan) is the largest public sector Specialized financial development institution in 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 continues to remain the largest public sector agriculture development financial institution in the country. ZTBL has a limited banking license which restricts the institution from undertaking broad range of banking business. The bank has applied for 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 452 branches in the country as on 31 December 2016. 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 branch less banking facility to its customers through Upaisa, a joint effort by ZTBL and U Microfinance Bank Limited.
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.
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.
In June 2016, ZTBL continued to achieve a AAA credit rating by JCR-VIS ( Credit rating company Limited)
==References==lon case no 068902 owner nam
Coordinates: 33°41′52″N 73°03′51″E / 33.6977°N 73.0641°E
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