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Home  »  State Bank of Pakistan  »  The Punjab Provincial Cooperative Bank

The Punjab Provincial Cooperative Bank

 The Punjab Provincial Cooperative Bank
 

The Punjab Provincial Cooperative Bank Ltd (PPCBL) was established in 1924 as an Apex Bank to meet funding requirements of cooperative societies. It is engaged in all types of banking & credit business with societies and individuals. The PPCBL gained the status of Scheduled Bank in 1955. It was organized and being managed on the principal of voluntary and open membership, democratic member control, member economic participation, autonomy, independence, self-help and mutual cooperation. The PPCBL gained the status of Scheduled Bank in 1955.

PPCBL has a unique status being a ‘peoples’ bank and is owned by around 33,000 cooperative societies, mostly the agricultural thrift and credit cooperative societies. The Bank was organized and being managed on the principal of voluntary and open membership. The supreme authority of the Bank is General Body represented by all the shareholders through 660 delegates, elected at the rate of 1 per 50 shareholders.

  
 

The main objectives of the Bank is to promote growth of the Cooperative movement, carry on banking and credit business to facilitate working of the member Cooperative Societies and inspect, supervise and assess credit requirements of member societies.
 
  The Punjab Provincial Cooperative Bank
Category : Specialized Banks
SWIFT Code :

Address :
Bank Square
Shahrah-e-Quaid-e-Azam
Lahore

Telephone : +92-42-9211 432-36

Website :  www.ppcbl.com.pk

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It is performing all the main banking functions of deposit mobilization, supply of credit and provision of remittance facilities with limited banking products and functionally specialists in agriculture related products. PPCBL, as a principle, does not pursue the goal of profit maximization.

 

It has strong linkages with rural agricultural economy. There exists strong nexus between Bank and Cooperative Movement / Department. Thus PPCBL has been the main pillar of Cooperative Movement having a history of over 80 years playing a pivotal role with its service oriented approach.

 

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