| Zarai Taraqiati Bank Limited | |
| "Let us grow together" | |
| Ownership | Government |
| Type of Institution | Specialized Bank |
| Established | 1961 |
| Chairman | Sultan Ali Chaudhry |
| President & CEO | Ms. Roohi Raees Khan |
| EVP-HR | Muhammad Asghar |
| Headquarters | Islamabad, Pakistan |
| Total Assets | PKR 102.371 billion (as Dec.31st, 2008) |
| Total Revenue | PKR 8.484 billion (as Dec.31st, 2008) |
| Total Employees | 5500[1] |
| Homepage | http://www.ztbl.com.pk |
The Zarai Taraqiati Bank Limited (ZTBL) (formerly known as Agricultural Development Bank of Pakistan) is the largest public sector financial development institution with a wide network of 31 Zonal Offices, 9 Audit Zones and 357 branches in Pakistan. The bank serves around half a million clients annually and has over one million accumulated account holders.[2]
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After the Independence of Pakistan, it was considered that the existing institutional sources of credit such as Taccavi and Cooperatives, were insufficiently meeting the credit needs of farmers. Consequently, 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 together as Agricultural Development Bank of Pakistan in February 1961. On December 14, 2002, the Federal Government has converted the Agricultural Development Bank of Pakistan (ADBP) into Zarai Taraqiati Bank Ltd (ZTBL) and the new venture has started its operation with immediate effect. The new corporate structure redefines the banks statue as a public limited company with an independent Board of Directors promulgated under the presidential ordinance, which aims at ensuring good governance, autonomy, delivering high quality, viable and timely financial services to a greater number of clientele in the agricultural and rural segment of the country with adequate returns to the stakeholder.[3]
Zarai Taraqiati Bank (ZTBL) has been registered under the Companies Ordinance 1984 and by virtue of Finance Order, all assets, liabilities proceedings undertaking of ADBP stands transferred to and vested in Zari Taraqiati Bank with effect from December 14, 2002. Mr. Istaqbal Mehdi was the 1st President and CEO of ZTBL after conversion into ADBP.[4]
2011 as Golden Jubilee year, marking the 50 glorious years of the Bank. The President of Pakistan Asif Ali Zardari inaugurates the bank Golden Jubliee.[6]
President Zarai Taraqiati Bank Ltd. September 3rd, 2008 – October 25th, 2011
President Zarai Taraqiati Bank Ltd. March 1, 2007 – July 31, 2008
President Zarai Taraqiati Bank Ltd. January 25, 2005 – February 28, 2007
Chairman Agriculture Development Bank of Pakistan May 22, 2001 – December 13, 2002: President Zarai Taraqiati Bank Ltd. December 14, 2002 – January 25, 2005
Chairman Agriculture Development Bank of Pakistan January 1, 2000 – February 28, 2000: May 28, 2000 – July 22, 2001 January 31, 2001 – May 21, 2001
Chairman Agriculture Development Bank of Pakistan February 28, 2000 – May 25, 2000
Chairman Agriculture Development Bank of Pakistan January 1, 1998 – December 31, 1999
Chairman Agriculture Development Bank of Pakistan January 22, 1997 – March 18, 1997 April 16, 1997 – December 31, 1997
Chairman Agriculture Development Bank of Pakistan November 1, 1995 – January 21, 1997: March 19, 1997 – April 15, 1997
Chairman Agriculture Development Bank of Pakistan March 17, 1994 – October 28, 1995
Chairman Agriculture Development Bank of Pakistan July 26, 1993 – March 16-1994
Chairman Agriculture Development Bank of Pakistan November 1, 1991 – July 26, 1993
Chairman Agriculture Development Bank of Pakistan August 19, 1990 – October 31, 1991
Chairman Agriculture Development Bank of Pakistan July 26, 1989 – August 8, 1990
Chairman Agriculture Development Bank of Pakistan September 15, 1988 – July 9, 1989
Chairman Agriculture Development Bank of Pakistan June 29, 1988 – September 14, 1988
Chairman Agriculture Development Bank of Pakistan June 10, 1986 – June 28, 1988
Chairman Agriculture Development Bank of Pakistan November 5, 1978 – June 9-1986
Chairman Agriculture Development Bank of Pakistan June 1, 1978 – November 5, 1978
Chairman Agriculture Development Bank of Pakistan October 25, 1977 – June 3, 1978
Chairman Agriculture Development Bank of Pakistan January 22, 1975 – August 1, 1977
Chairman Agriculture Development Bank of Pakistan October 7, 1972 – January 21, 1975
Chairman Agriculture Development Bank of Pakistan July 1, 1969 – March 13, 1972
Chairman Agriculture Development Bank of Pakistan June 7, 1966 – July 9, 1969
Chairman Agriculture Development Bank of Pakistan June 7, 1961 – June 6, 1966
Managing Director Agriculture Development Bank of Pakistan September 9, 1958 – February 17, 1961
Managing Director Agriculture Development Finance Corporation December 27, 1957 – February 17, 1961: Chairman ADBP February 18, 1961 – June 6, 1961
Managing Director Agricultural Development Finance Corporation October 23, 1952 – December 26, 1957
Managing Director Agricultural Development Finance Corporation July 23, 1952 – October 22, 1952[7]
In August 2010, ZTBL continued to achieved a AAA credit rating by JCR-VIS[8]
| Year | Entity | Stand Alone | Outlook |
|---|---|---|---|
| 2010 | AAA/ A-1+ | B+/ B | Stable |
| 2009 | AAA/ A-1+ | B+/ B | Stable |
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