The Punjab Provincial Cooperative Bank Limited (PPCBL), established in 1924, is one of the oldest banks in Pakistan. It has historically served as a specialized bank catering to the needs of housing and agricultural cooperatives.[1]
| Company type | Public |
|---|---|
| Industry | Banking, Financial services |
| Founded | 1924 |
| Headquarters | , Pakistan |
Area served | Punjab, Pakistan |
| Products | Agricultural loans, Housing loans, Banking services |
| Services | Financial services, Cooperative banking |
| Website | www |
History
editPPCBL was established during the British rule and played a major role in providing agricultural credit after partition. However, over time, the bank faced financial challenges and bureaucratic problems.[1]
Sports involvement
editPPCBL has a cricket team. In May 2023, the PPCBL cricket team defeated Lahore Gymkhana in a friendly match.[2]
Legal issues
editIn May 2018, a notable scandal involving misappropriation of funds emerged, leading to legal action.[3]
In July 2023 the bank, along with other banks, received fines for violations of the rules.[4]
References
edit- ^ a b Farooq, Mariam Umar (September 3, 2023). "How one of Pakistan's oldest banks cleaned up its act". Profit by Pakistan Today.
- ^ "PPCBL beat Lahore Gymkhana in friendly match". The Nation. May 30, 2023.
- ^ "Remand of ex-chairman extended". The Express Tribune. May 24, 2018.
- ^ "Jul 28, 2023 | Six banks get slap on the wrist for rule violations". Dawn Epaper. July 28, 2023.