Zarai Taraqiati Bank Limited


The Zarai Taraqiati Bank Limited , formerly known as Agricultural Development Bank of Pakistan, is Pakistani government-owned agricultural bank which is based in Islamabad, Pakistan.
Zarai Taraqiati Bank Limited 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 ; 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, KPK
, Baluchistan, AJK and GBC. 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. 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 into Zarai Taraqiati Bank Ltd. The new corporate structure redefined the banks as a single public limited company with an independent Board of Directors.
Zarai Taraqiati Bank 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.

Products and services

In June 2016, ZTBL continued to achieve a AAA credit rating by JCR-VIS
YearEntityStand AloneOutlook
2018AAA/A-1+B+/ B*Stable
2017AAA/A-1+B+/ B*Stable
2016AAA/ A-1+B+/ BStable
2015AAA/A-1+B+/ B*Stable