Punjab Provincial Cooperative Bank

Last updated
Punjab Provincial Cooperative Bank Limited
Company typePublic
Industry Banking, Financial services
Founded1924;101 years ago (1924)
Headquarters
Lahore
,
Pakistan
Area served
 Punjab, Pakistan
ProductsAgricultural loans, Housing loans, Banking services
ServicesFinancial services, Cooperative banking
Website www.ppcbl.com.pk

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]

Contents

History

PPCBL was established during the British rule and played a major role in providing agricultural credit after 1947 partition with separation of its Indian counterpart Punjab State Cooperative Bank. However, over time, the bank faced financial challenges and bureaucratic problems. [1]

Sports involvement

PPCBL has a cricket team. In May 2023, the PPCBL cricket team defeated Lahore Gymkhana in a friendly match. [2]

In 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

  1. 1 2 Farooq, Mariam Umar (September 3, 2023). "How one of Pakistan's oldest banks cleaned up its act". Profit by Pakistan Today.
  2. ↑ "PPCBL beat Lahore Gymkhana in friendly match". The Nation. May 30, 2023.
  3. ↑ "Remand of ex-chairman extended". The Express Tribune. May 24, 2018.
  4. ↑ "Jul 28, 2023 | Six banks get slap on the wrist for rule violations". Dawn Epaper. July 28, 2023.
This page is based on this Wikipedia article
Text is available under the CC BY-SA 4.0 license; additional terms may apply.
Images, videos and audio are available under their respective licenses.