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Home / Uncategorized / Banks disburse Rs128.1b in July-Oct, agri loans up by Rs32b to Rs299.4b in 2014
Banks disburse Rs128.1b in July-Oct, agri loans up by Rs32b to Rs299.4b in 2014

Banks disburse Rs128.1b in July-Oct, agri loans up by Rs32b to Rs299.4b in 2014

KARACHI: Banks disbursed Rs128.1 billion during July-October, which is 25.6 per cent of the annual target of Rs500 billion.

The banks disabused 40.4pc higher than Rs91.2 billion they disbursed during the same period of previous year. The outstanding portfolio of agri credit increased by 40% or Rs32 billion, from Rs267.4 billion to Rs299.4 billion at end October 2014 compared to the same period last year.

Among the major banks, MCB Bank achieved 35.5pc of its annual target, UBL 35pc, HBL 32pc, ABL 26pc and NBP 22pc during the July-October period.

Under the specialised banks category, Zarai Taraqiati Bank Limited (ZTBL) disbursed Rs10.7 billion, and the Punjab Provincial Cooperative Bank Limited (PPCBL) Rs1.6 billion.

Of the 15 domestic private banks, Summit Bank has achieved 43pc of its target, Faysal Bank 39pc, Bank Alfalah 38pc, NIB Bank 32pc, Silkbank 30pc, Bank of Khyber 27pc, and Bank Al Habib 26pc.

Under microfinance category, seven banks as a group disbursed Rs4.2 billion against their annual target of Rs28.2 billion, while under Islamic mode of financing four banks collectively disbursed Rs643.9 million against Rs2.3 billion.