LAHORE: The Zarai Taraqiati Bank Limited (ZTBL) will expand its branch network by opening 10 new branches in the country in the current year.
This was said by ZTBL President Sayyed Talat Mehmood while addressing an award distribution ceremony of ZTBL officials at a local club on Monday.
He added a total number of branches of the bank now had become 460 in the country.
He said the bank's deposits had been increased up to Rs 155 billion from Rs 11 billion within three years since he took over the charge. He added the ZTBL's profit had also been raised up to Rs 8.5 billion from Rs 5 billion in the same period.
The president said the bank's recovery had been improved whereas its annual disbursement reached Rs 151 billion in the current year.
The ZTBL was making enormous growth and progress as its assets had also been increased, he maintained.
He said those who achieved high performance through hardwork would be awarded and acknowledged, adding that they could also set an example for other employees of the bank.
Talat Mehmood said the administration would put in place all possible measures for welfare and progress of its employees.
He distributed commendatory certificates, shields and awards among ZTBL officials for showing outstanding performance.
CEO Mian Amir Hussain, Operational Head Asadullah, SEVP Head HR Khalid Mehmood, SEVP Nadeem Chuohan, MD KSSL Col (R) Khalid Rafique and other officials were also present.
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