Zarai Taraqiati Bank Ltd Maintains Its Stable Credit Rating

For the 5th consecutive year, M/s. JCR-VIS Credit Rating Company has reaffirmed the entity ratings of Zarai Taraqiati Bank Ltd. at “AAA/A-1+ (Triple “A”/A-1 Plus), giving it a ‘Stable’ outlook. The recognition of bank’s credit worthiness and ‘STABLE’ future outlook exhibits the bank’s commitment to service its financial obligations and in its stakeholders’ confidence. ZTBL is working on bolstering its contemporary banking practices and generate financial resources in order to serve small farmers of the country. Since 2014, it has mobilized customer deposits of over Rs.50 billion and enhanced its agriculture loan portfolio by Rs.45 billion while meeting the financing needs of over 400,000 small farmers of the country. Moreover, the ZTBL has contributed over Rs.15 billion to the public exchequer as corporate tax and paid Rs.8 billion to its stakeholders. In order to uplift its technology platform, ZTBL has implemented Oracle’s Financial ERP-EBS for the purpose.