Company type | Public |
---|---|
Industry | Banking, Financial services |
Founded | 1924; 101 years ago (1924) |
Headquarters | Lahore, Pakistan |
Area served | Punjab, Pakistan |
Products | Agricultural loans, Housing loans, Banking services |
Services | Financial services, Cooperative banking |
Website | www |
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.
History
PPCBL 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.
Sports involvement
PPCBL has a cricket team. In May 2023, the PPCBL cricket team defeated Lahore Gymkhana in a friendly match.
Legal issues
In May 2018, a notable scandal involving misappropriation of funds emerged, leading to legal action.
In July 2023 the bank, along with other banks, received fines for violations of the rules.
References
- ^ 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.
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