Rakhshanda Pakistani

God Almighty has bestowed Pakistan with enormous ‘natural and human resource ‘which can be utilised for the betterment of masses.

PPCBL President/CEO Liaqat Durrani, is not only a senior banker but also have high profile intellectual. He had contributed greatly towards strengthening of the financial system of country. He has taken number of progressive steps to make PPCBL a viable institution. Once a dying unit with huge accumulated losses, the bank is now transformed into a profit generating unit.

When he assumed the charge, the NPLs backlog amounted to a towering figure of Rs.6106.88 million, which was a continuing threat to the survival of the Bank. He immediately took all possible steps. Resultantly, the NPLs reduced to Rs.4169.74 million (32pc).  While replying to a question, he said that his role in SBP was more of a regulatory nature whereas in other institutions it was performance-oriented.

He further said that he tried to tune bank around in terms of performance, efficiency and effectiveness as a Cooperative Bank .The concept is to provide services to the farmers at their doorstep, increase the volume of loans, ensure recovery of old outstanding loans and invigorate the concepts of microfinance banking.

He further said that expenditure regulations have been revised and piled up accumulated losses converted into profit. The Bank earned profit of Rs.508.403 million before tax in 2011. The reform initiates have also been taken on credit side. The loaning policies have been revised to ensure prudent lending and the portfolio is being managed as per existing resources. The lending rates of different products are revised commensurate.

Total loan portfolio of the bank is Rs 9,241.866 million and it was planned to increase it substantially by introducing new farmer-friendly lending products, he said adding that the SBP targets for agriculture advances are being met. Against the target of Rs.7600 million for F.Y.2011-12 a sum of Rs.6,011.550 million has already been disbursed till 31st March, 2012 (achievement 79.10pc).

He said that main focus, however, will be to achieve targets of recovery of NPLs, disbursement, deposit along with capacity building of staff.

The bank is providing modern banking facilities to clients. The automation is in process with full swing. Hardware is provided to branches and necessary training to the staff has been imparted. Further, for home remittance services, agreement with Summit Bank is executed for all tie ups and software installation has been completed. By 30th June, 2012 we will be providing all modern banking facilities to our clients.