Banks lend Rs168b to farmers in 5 months

inp-19-19

The banks throughout fiscal yr FY15 (Jul-Nov 2014) have disbursed Rs 167.6 billion, reported the central financial institution on Thursday.

This quantity, the financial institution stated, constitutes 33.5 % of the general annual goal of Rs 500 billion and was 42.7 % increased than disbursement of Rs 117.four billion made in the course of the corresponding interval final yr.

The excellent portfolio of agri loans has elevated by Rs 36.Zero billion – from Rs 266.eight billion to Rs 302.eight billion at finish November 2014 as in comparison with similar interval final yr.

Amongst the foremost banks, the MCB Financial institution has achieved 52.5 % of its annual goal, UBL achieved 45.2 %, HBL 40.9 %, ABL 30.9 % whereas NBP might obtain solely 27.7 % of its particular person annual goal, stated the State Financial institution.

Beneath the specialised banks class, ZTBL disbursed Rs 15.7 billion or 17.5 % in opposition to its goal of Rs 90.Zero billion whereas PPCBL disbursed Rs 2.1 billion – 18.2 % in opposition to its goal of Rs 11.5 billion in the course of the interval beneath evaluate.

Inside 15 home personal banks, Financial institution Alfalah has achieved 47.eight %, Faysal Financial institution 47.7 %, Summit Financial institution 44.7 %, Financial institution of Khyber 42.6 %, NIB Financial institution 36.7 %, Silk Financial institution 34.7 %, Financial institution Al Habib 32.9 %, Soneri Financial institution 25.9 %, Financial institution of Punjab 21.5 % whereas Askari financial institution might obtain solely 21 % of their annual targets throughout Jul-Nov 2014.

Nonetheless, the regulator stated, Normal Chartered Financial institution has disbursed Rs 3.6 billion in opposition to its annual goal of Rs 2.5 billion for 2014-15. Beneath the microfinance class, the central financial institution stated, seven microfinance banks as a gaggle had disbursed Rs 7.6 billion in opposition to their annual goal of Rs 28.2 billion. The in Shariah-complaint mode of financing, 4 Islamic banks, collectively, disbursed Rs 0.7 billion in opposition to their targets of Rs 2.Three billion to agri debtors.

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