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The c       c  (formerly known as Agricultural Development


Bank of Pakistan) is the largest public sector financial development institution with a wide
network of 27 Zonal Offices, 9 Audit Zones and 341 branches in Pakistan. The bank serves
around half a million clients annually and has over one million accumulated account
holders.




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 & CEO of ZTBL after conversion into ADBP.[4]

 

The main purpose of the Group is to provide sustainable rural finance and services
particularly to small farmers and low-income households to strengthen the rural and
agricultural sector, mitigate poverty, capital market and investment activities and other
banking business.
ï  

j åupervised Agricultural Credit åcheme


j Deposits (Fixed, åaving, Current Accounts & Zarai Bachaat åcheme)
j Micro Credit åcheme
j Credit to Women Program
j One Window Operation
j evolving Finance åcheme (Få)/åada Bahar åcheme (åBå)
j Crop Maximization Project[5]

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In August 2010, ZTBL continued to achieved a AAA credit rating by JC-VIå[6]

#   $  % &%


2010 AAA/ A-1+ B+/ B åtable
2009 AAA/ A-1+ B+/ B åtable
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Dedicated to serve the needs of the farming community, by delivering financial products
and technical services on a competitive and sustainable basis, in a convenient, efficient and
professional manner, leading to success of the Bank and the farmers.

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To play effective role in the promotion of economic growth, by enhancing the availability of
credit to the agriculture sector, through reliable access to sustainable financing, special
lending programs, technical assistance, and other products & services, and to promote
career development opportunities for increasing professionalism and technical
proficiencies of employees.

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Zarai Taraqiati Bank Limited (ZTBL) erstwhile Agricultural Development Bank of Pakistan
(ADBP) is the premier financial institution geared towards the development of agriculture
sector through provision of financial services and technical know how. The restructuring of
former ADBP is being carried out with the aim to uplift the agriculture and rural sector by
raising farm productivity, streamlining the institutional credit and increasing income
generating capacity of the farming community. ZTBL was incorporated as a Public Limited
Company on 14th December, 2002 through repeal of ADB Ordinance of 1961.

The new corporate structure redefines the bank's status as a public limited company
registered under companies Ordinance'1984 with an independent Board of Directors
which aims at ensuring good governance, autonomy, delivering high quality

ZTBL is a key .F.I of Pakistan providing affordable, rural and agriculture financial/non-
financial services to the rural Pakistan , comprising 68 % of the total population. The Bank
through a country-wide network of 341 branches is serving around half a million clients
annually and over one million accumulated account holders with the average loan size of
around s.89,000 serving 65%, 31% & 4 % of subsistence, economic and large growers
respectively.

The total assets of the Bank stand at s.84 billion with authorized capital of s.25 billion as
of 31.12.2005, with a nation-wide working strength comprises 5500 employees. The share
of ZTBL in total national institutional agricultural credit remains around 35%.

ZTBL was incorporated as a Public Limited Company on 14th December, 2002 through
repeal of formal Agricultural Development Bank of Pakistan Ordinance of 1961. Thereby
transforming the bank as a corporate entity to serve as a . F.I



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Develop and operate as a financially and operationally sustainable .F.I of the country.
Assist rural community, particularly the small farmers, in raising their productivity and
income levels through timely delivery of credit, advisory and ancillary services.

Build ZTBL's image as a proactive, client friendly, financially & operationally sustainable
with indigenous product deployment.
Establish and provide backward and forward linkages to strengthen agri. value added
commodity chains.
Engage in public - private and wholesale - retail partnership to deepen outreach and reduce
operating cost.
To function as a rural commercial bank to mobilize rural capital formation and to
commercialize the agri. sector by delivering the true value of credit to the client. Provide a
wide range of risk insurance products to its clients.
Open up it venues of operation to Domestic & International Banking Industry to avail
comparative advantages.

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Healthy and well-functioning rural finance markets are directly related to achieving the
two key national policy objectives of accelerating rural/agriculture growth and reducing
poverty. The realization of these objectives depends on the simultaneity of developments
in rural finance and non-financial markets to foster the creation of diverse sources of rural
finance to build sustainable financial institutions, and stimulate products and capital flows
in the rural sector. For this, rural finance must be seen as an integral part of equitable
development within a framework of macro economic stability. The ongoing corporatize
restructuring lays the basis for fundamental reforms for rural finance market development.

The recurring financial drain, pursuing the old rural finance paradigm and the narrowing
fiscal space have also promoted a shift in Government strategy that now seeks viable
intermediaries for enhancing outreach.

For the majority, access to affordable rural finance services is also important to enable
them to compete in the post-World Trade Organization scenario. Inability to compete
because of high financial costs could reduce income of the majority of farmers and rural
clients, particularly the small and subsistence clients. Lack of access to affordable rural
finance services will also prevent the clients from switching to non-farm activities.

The ZTBL restructuring plan covering the following; (i) governance: establish an
environment that facilitates good governance and accountability; (ii) systems: modernize
operations through use of technology, networking, and communication tools; (iii) business
processes: streamline products and delivery systems so as to reduce transaction costs,
simplify operations, and increase outreach; (iv) products and services: introduce products
and services that are financially economically viable; (v) human resource development:
improve standards and skills of management and staff and strengthen training capacity;
and (vi) IT: establish new hardware and software platform to support MIå, accounting
system including forensic accounting, and risk management functions.

The reforms shall establish ZTBL as a key .F.I of the country, aiming to outreach annual
rural clientele to 600,000 by the end of year 2008. By expanding its private sector role, the
bank aims to establish network of high tech rural and agri. financial services through
intermediations under public private participation and whole-sale -retail lending
mechanism.

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