ISLAMABAD, Sept 26: Zarai Taraqiati Bank President Mohammad Zaka Ashraf has said that the bank will disburse Rs72 billion among the farmers during the current financial year.

Speaking at the inaugural ceremony of the Deposit Management System (DMS) and Field Operation Computerised System (FOCS) at Zonal Office here on Friday, Mr Ashraf said the bank had disbursed Rs68 billion to the farming community in last financial year against the target of Rs60 billion.

He said the pace of disbursement was very satisfactory and that the bank would easily achieve the target within time.

He said the bank had successfully launched the Online Loan Processing System which was designed to ensure timely provision of all financial services to its rural clientele especially small farmers.

He said the DMS had been launched to cater to the requirement of retail banking as it was integrated with NADRA system to access and to verify the Computerised National Identity Card (CNIC) data of its clientele.

He said the FOCS and DMS would work together bringing not only transparency but good governance in the ZTBL besides facilitating borrowers for in-time and effective delivery of financial and banking services.

Mr Ashraf said since the bank was launching its Zarkhaiz One window Operation from October 6, 2008 for provision of production loans, so the new system would support the bank’s credit delivery mechanism effectively.

The bank’s 114 branches had been brought under online Loan Processing System and by the end of December all the remaining branches will be connected accordingly under the FOCS.

He said 750 bank’s officials will be imparted training by the end of this year to handle the new system effectively.