ZTBL must focus on expanded outreach: Mansur
Staff Report

ISLAMABAD—Zarai Taraqiati Bank Limited (ZTBL) must focus on expanded outreach to disburse minimum target of Rs 65 billion as farm credit this year.
This was stated by ZTBL President Mansur Khan while addressing the 4th two-day Zonal Chiefs Conference held Thursday. He added that recovery of Special Asset Management (SAM) loans of Rs.10 billion and deposit base of Rs. 6 billion will be this year’s target.
While unveiling Bank’s future business strategy, the Bank’s chief stressed upon the field functionaries to identify new borrowers and initiate innovative products which are commercially viable for bank’s financial stability. “We must surpass disbursement of Rs. 56 billion and recovery of Rs. 63billion achieved last year and every one must contribute through integrated efforts to achieve this year’s targets and revive the glorious past of bank’s pivotal role in the promotion of agriculture sector”, he remarked.
The Zonal Chiefs Conference which concluded here reviewed the performance of the zones in respect of operations i.e disbursement and recovery of past dues and deposit mobilization. The participants of conference identified potential areas of investment to regain lost market share. The participants also divulged upon vitality of various schemes and development of new schemes and income generating activities which could help in increasing agriculture sector’s contribution towards GNP.
Mansur Khan, the bank’s president also stressed upon quality & prudent lending, increased customer base, recovery of past dues, elimination of corruption, and deposit mobilization for bank’s financial sustainability to survive in competitive market environment where customers’ satisfaction and focus reign supreme. Increased focus on dairy & livestock, financing off-farm activities, induction of MTO’s will be our new initiatives for current year, emphasized the Banks President. He also disclosed that this year bank will also be entering into strategic partnership with Western Union on fund remittance while Insurance of life and crop of our farmers will be another priority area.