:Zarai Taraqiati Bank Limited
{{Short description|Pakistani government-owned bank}}
{{Use Pakistani English|date=May 2019}}
{{Use dmy dates|date=May 2019}}
{{Infobox company
| name = Zarai Taraqiati Bank Limited
| former_name = Agricultural Development Bank of Pakistan (1961–2002)
| logo = Zarai Taraqiati Bank Limited logo.png
| image = ZTBL Headquarters (cropped).jpg
| image_caption = Zarai Taraqiati Bank Limited (ZTBL) headquarters in Islamabad
| type = Unlisted public company
| foundation = {{start date and age|1961}}
| location = Islamabad-44000, Pakistan
| key_people = Tahir Yaqoob Bhatti (CEO)
| area_served = Pakistan
| industry = Banking
| products = Agricultural loans
| revenue = {{increase}} {{PKRConvert|16.055|b}}
| revenue_year = 2022
| operating_income = {{increase}} {{PKRConvert|7.536|b}}
| income_year = 2022
| net_income = {{increase}} {{PKRConvert|5.177|b}}
| net_income_year = 2022
| equity = {{increase}} {{PKRConvert|60.624|b}}
| equity_year = 2022
| assets = {{increase}} {{PKRConvert|491.177|b}}
| assets_year = 2022
| num_employees = 5,500
| owner = State Bank of Pakistan (76.23%)
Government of Pakistan (23.75%)
| parent = State Bank of Pakistan
| subsid =
| website = {{URL|ztbl.com.pk}}
| footnotes = Financials {{as of|2022|12|31|lc=yes}} {{cite web|title=Zarai Taraqiati Bank Annual Report 2022|url=https://ztbl.com.pk/wp-content/uploads/2023/12/AnnualRpt2022.pdf |access-date=14 January 2025}}{{cite web|url=http://www.ztbl.com.pk/economicReports.htm |title=:: Zarai Taraqiati Bank Limited:: |access-date=12 May 2019 |url-status=dead|archive-url=https://web.archive.org/web/20101125084902/http://www.ztbl.com.pk/economicReports.htm |archive-date=25 November 2010}}
}}
The Zarai Taraqiati Bank Limited (ZTBL) ({{langx|ur|زرعی ترقیاتی بینک}}; {{lit|Agricultural Development Bank}}) is a Pakistani state-owned agricultural development bank headquartered in Islamabad.
Founded in 1961 as ADBP, the bank was renamed in 2002 as Zarai Taraqiati Bank Limited (ZTBL) and was subsequently incorporated as a public limited company in 2002 under Companies Ordinance 1984.{{cite web| url = https://www.brecorder.com/news/539822| title = ZTBL playing key role in development of agro-based industry – Print – Business Recorder| date = 31 October 2019}}
The bank provides agricultural credit and banking services to farmers across the country. It remains the largest public sector agriculture development financial institution in the country.{{fact|date=August 2024}}
History
Zarai Taraqiati Bank's history goes back to 1952 when Agricultural Development Finance Corporation was founded 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. It commenced operations in January 1959 in East Pakistan and in April 1959 in West Pakistan, following exemptions from certain restrictive Provincial Debt Laws.{{Cite journal|url=http://www.jstor.org/stable/41258027|title=Review of the Pakistan Economy|year=1961|journal=The Pakistan Development Review|volume=1|issue=1|pages=141–164}} Subsequently, the Agricultural Development Bank Ordinance was enacted on 18 February 1961. It facilitated the merger of the Agricultural Development Finance Corporation and the Agricultural Bank of Pakistan, based on recommendations from the Credit Enquiry Commission. By 1961, the bank operated 73 branches, divided between 38 in West Pakistan and 35 in East Pakistan.
On 14 December 2002, the Government of Pakistan renamed the Agricultural Development Bank of Pakistan (ADBP) as Zarai Taraqiati Bank Ltd (ZTBL).{{Cite web|url=http://www.pakissan.com/2002/english/news/december/adbp.convert.ztb.shtml|title=Pakissan.com; ADBP converted into Zarai Taraqiati Bank to provide credit to small farmers|website=www.pakissan.com}} ZTBL was registered under the Companies Ordinance 1984, and all assets, liabilities, and proceedings of the former were transferred to and vested in the ZTBL with effect from 14 December 2002.{{Cite web|url=http://beta.dawn.com/news/72807/ztbl-to-play-important-role-says-mehdi|title=ZTBL to play important role, says Mehdi|date=15 December 2002|website=dawn.com}}
References
{{Reflist}}
External links
- [https://web.archive.org/web/20090617220644/http://atd.ztbl.com.pk/ Agriculture Technology of ZTBL]
- [http://www.kssl.ztbl.com.pk/ Kissan Support Services (Pvt) Ltd]
- [http://www.adfiap.org/ Association of Development Financing Institutions in Asia & Pacific]
{{State Bank of Pakistan}}
{{Banking in Pakistan}}
{{Authority control}}
{{DEFAULTSORT:Zarai Taraqiati Bank Limited}}
Category:State Bank of Pakistan
Category:1961 establishments in Pakistan
Category:Government-owned banks of Pakistan
Category:Companies based in Islamabad