ISLAMABAD, March 30: Zarai Taraqiati Bank president Mansur Khan has stated that the deposit base of Rs5 billion must be achieved this year to increase the financial viability of the bank.

According to a press release, he stated this while speaking at the second two-day zonal chiefs conference held here after bank’s ongoing restructuring here on Friday.

While unveiling bank’s future business strategy, the bank’s chief said field functionaries must focus on deposit mobilisation besides increased disbursement and recovery.

“We must surpass disbursement of Rs52 billion and recovery of Rs 49 billion achieved last year and every one must contribute through integrated efforts to turnaround this vital institution and revive its pivotal role in agriculture sector,” said Mr Khan.

The bank chief also stressed upon quality prudent lending, recovery of past dues, elimination of corruption, and deposit mobilization for bank’s financial sustainability to survive in competitive market environment where customer satisfaction and focus reign supreme.

He further said that human capital and information technology’s revamping are major challenges facing the bank and have critical implications for market and customer-oriented growth and competitive corporate culture.