Zarai Taraqiati Bank in new core banking system search
New core banking system needed at ZTBL
Zarai Taraqiati Bank Limited (ZTBL), a development bank in Pakistan, is looking for a new core banking solution for its conventional and Islamic banking operations.
The bank has recently issued a request for proposal (RFP) to find “an off-the-shelf and industry tested” core banking system that has local as well as global sites.
It will run ZTBL’s conventional and Shari’ah-compliant banking operations “on a single, integrated and centralised platform”.
The supply and implementation of the new core banking system will be based on a ten-year total cost of ownership (TCO) model.
ZTBL, formerly known as Agricultural Development Bank of Pakistan (ADBP), is Pakistan’s largest public sector-specialised financial development institution. It is focused on agri-business. It has around one million clients and a domestic branch network of 500 locations.
