ISLAMABAD: Zarai Taraqiati Bank Limited (ZTBL) has recovered an amount of Rs 107.579 billion from its borrowers by the end of the year 2017, showing an increase of 5.17 percent as compared to the corresponding period of last year.
The bank has recovered an amount of Rs 102.281 billion during same period of the year 2016, senior official of the ZTBL told APP here on Thursday.
The bank had disbursed an ever highest amount of Rs 97.128 billion among 345,131 borrowers across the country including Azad Jammu and Kashmir and Gilgit Baltistan during the period.
An amount of Rs 22.700 billion was disbursed for development category of loans whereas, an amount of Rs 74.429 billion was disbursed as production loans in order to enhance agriculture and livestock production in the country, he added.
Besides, the bank recovered an amount of Rs 1.876 billion of SAM loans, whereas it had fetched deposit of Rs 71.00 billion as on December 31, 2017, the official added.
He further informed that being the largest agriculture lending institute of the country , the bank has successfully maintained the highest credit and entity rating of AAA/A-1+ as evaluated by JCR-VIS.
The spokesman of the bank further informed that besides credit disbursement and recovery the bank has also introduced several new initiatives in order to promote agriculture and livestock sector as well as agro related business in the country.
In order to promote the agriculture value addition, the bank has introduced Kissan Assan Karobar Scheme and Financing for Ostrich Farming to promote agriculture related businesses.
To enhance the outreach of the bank 28 new branches have been opened during the year 2017, consequently total number of branches has been increased to 488 thereby, increasing the outreach of ZTBL and supportive to financial inclusion strategy of SBP, he added.
The bank was also offering its services to domestic consumers and started utility bills collection and it collected 1,506,131 utility bills in the year 2017.
