The Zarai Taraqiati Bank Ltd (ZTBL) has earned about Rs3 billion pre tax profit for the first quarter ended March 31, 2023 compared to Rs0.8 billion in the corresponding period.
In a statement issued here ZTBL said the profit is attributed to the growing interest of farmers in the agriculture sector and the reforms introduced by board members, Ministry of Finance and State Bank of Pakistan (SBP).
Recently, ZTBL introduced more than 20 agriculture products attracting farmers to avail the new products.
ZTBL, being the premium specialized agriculture bank in country has been serving the small farmers in different ways ranging from seed provision to agri technology besides empowering growers financially.
“I am happy to announce that farmers have shown interest in our products especially designed to meet the requirements of the modern agriculture needs. We are committed to bring visible changes in the sector”, Asadullah Habib, President ZTBL remarked.
He said that apart from this, ZTBL has so far disbursed over Rs10 billion under the PM Youth, Business and Agriculture Loan Scheme adding the scheme has resulted in generation of employment opportunities across the country.
ZTBL board recently hired services of professional bankers from market beside promoting existing best performing officers for making a turn around which ultimately paid off in the form of bigger profit.
