Company type | Public |
---|---|
Industry | Banking, Financial services |
Founded | 1924 |
Headquarters | , 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. [1]
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. [1]
PPCBL has a cricket team. In May 2023, the PPCBL cricket team defeated Lahore Gymkhana in a friendly match. [2]
In May 2018, a notable scandal involving misappropriation of funds emerged, leading to legal action. [5]
In July 2023 the bank, along with other banks, received fines for violations of the rules. [6]