Robust recovery of Rs 63 billion and deposit raise of Rs 4.3 billion has surged the ZTBL's pretax profit to Rs 1.784 billion registering an unprecedented growth of 176 percent in the year ending on December 31, 2007.
ZTBL also maintained its position as the main source of institutional financing in agriculture credit as it is substantially extended its outreach by disbursing Rs 56 billion among 475,756 borrowers through Zarkhaiz and Sada Bahar Schemes. Out of this amount the share of small farmers registered Rs 47 billion thus constituting 84 percent of the total credit disbursed.
The financial consolidation earned through highest ever profit was mainly due to enormous increase in volume of recovery i.e. Rs 63 billion with a significant growth of 21 percent as against recovery of Rs 52 billion in the previous year. Out of the recovered amount in the period under review, the SAM loan recovery constitute Rs 5.1 billion registering a growth of 76 percent over the previous year.
Out of total credit disbursement in the year ending on December 31, 2007, the loans of Rs 50 billion were disbursed for production purposes i.e. for seeds, fertiliser, pesticides and other input loans against Rs 47 billion disbursed for production loans last year. Rs 6 billion was disbursed for development purposes mainly for farm equipment mechanisation, tubewells and tractors as against Rs 4.7 billion disbursed in the previous year.-PR
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