Zarai Taraqiati Bank Limited (ZTBL), has expressed its frustration regarding loan recoveries and wants the names of loan defaulters to be made public.
The head of the agricultural bank expressed his disappointment on the organization’s failure to recover loan payments.
According to details, during a meeting of ZTBL’s Economic Coordination Committee held on Monday, the bank’s CEO reprimanded its field officers over their unsatisfactory performance regarding loan recoveries.
Syed Talat Mahmood – CEO ZTBL, has directed bank managers and other senior officials to contact loan defaulters and track and share their location via WhatsApp during office timings (10 am-4 pm).
Furthermore, bank officials have also been instructed to coordinate with various government agencies and institutions and use whatever means necessary to find, track and ensure the recoveries from loan defaulters.
The instructions also include the use of pamphlets, public announcements via mosques, and advertisement campaigns through news media such as television and newspapers.
