Headquarter: Islamabad, Pakistan
Date of establishment: 1976
Type of institution: Apex bank for agricultural co-operatives under banking
law
Ownership: Shareholders are the State Bank (75%), Federal Government (10%)
and
provincial governments (15%)
Membership: NENARACA
as of June 1998 (rounded figures)
| Number of branches | 230 |
| Number of staff | 2,300 |
| Number of savers | - |
| Number of loan clients (co-operatives) | 30,000 |
| Total assets (in US$; 1US$ = 44 Rs.) | 110m |
| Total outstanding net loan balance (US$) | 100m |
| % of loan portfolio allocated to the agricultural sector | 100% |
Main activities and products
- To borrow funds from Federal Government and other financial institutions,
particularly the State Bank of Pakistan, in order to make secured loans
and advances to the 6 Provincial Cooperative Banks and Multi-Unit Cooperative
Societies. Loans for ultimate borrowers are basically short-term production
loans for the purchase of farm inputs.
- To supervise, inspect, regulate and exercise monetary control over
the cooperative banks.
- To help develop financially viable projects for the promotion and
development of cooperatives particularly in the field of agricultural/
rural development.
- To arrange adequate training facilities for the management and staff of cooperatives.
Main sources of funds
Borrowings from the Central Bank
Publications
Annual Report (audited)
Address
P. O. Box 1218
Islamabad
Pakistan