Press Release

JCR-VIS reaffirms AAA/A-1+ Ratings of Zarai Taraqiati Bank Limited

Karachi, April 29, 2013: JCR-VIS Credit Rating Company Limited (JCR-VIS) has reaffirmed ratings of ‘AAA/A-1+’ (Triple A/A-One Plus) assigned to Government Guaranteed Obligations of Zarai Taraqiati Bank Limited (ZTBL). Outlook on the assigned rating is ‘Stable’.

Ownership stake in the bank is mainly held by Government of Pakistan (GoP) while residual shareholding is vested with Provincial Governments. The ‘AAA/A-1+’ ratings take into account the federal government guarantee on credit lines obtained from the State Bank of Pakistan (SBP) that form predominant source of ZTBL’s funding. Safety of deposits mobilized by the bank is also guaranteed under the Banks’ (Nationalization) Act, 1974.

For further information on this rating announcement, please contact Ms. Sobia Maqbool at 021-358311861-70 or Mr. Maimoon Rasheed at 042-36610681-84.



Jamal Abbas Zaidi
Deputy CEO

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