Agricultural credit disbursement by banks surged by 15.49 percent on year-on-year (YoY) basis to Rs 294.53 billion in eleven months (July-May FY 2013) of the current fiscal year (2012-13).
In absolute terms, disbursement of credit to agriculture sector increased by over Rs 39.51 billion in the period, when compared with the total disbursement of Rs 255.02 billion in the same period of the last fiscal year.
Overall credit disbursement by five major commercial banks including Allied Bank Limited, Habib Bank Limited, MCB Limited, National Bank of Pakistan and United Bank Limited stood at Rs 156.98 billion as compared with Rs 132.38 billion disbursed in July-May, FY 2012, depicting an increase of 18.58 percent.
Zarai Taraqiati Bank Limited (ZTBL), the largest specialised bank, disbursed a total of Rs 54.18 billion in July-May, FY 2013 as compared to Rs 54.17 billion disbursed in the same period last year.
Punjab Provincial Co‐operative Bank Limited (PPCBL) disbursed Rs 6.04 billion in July-May, FY 2013, compared to Rs 6.82 billion disbursed in the same period last year. Fourteen domestic private banks also loaned a combined amount of Rs 61.87 billion in July-May, FY 2013 as compared to Rs 51.67 billion disbursed during the same period last year.
Five Microfinance Banks including Khushhali Bank Ltd., NRSP Microfinance Bank Ltd, The First Microfinance Bank Ltd, Pak Oman Microfinance Bank Ltd. and Tameer Microfinance Bank Ltd disbursed agricultural loans amounting to Rs 15.45 billion during July-May, FY 2013, compared to Rs 9.96 billion during the same period last year.
State Bank of Pakistan has provisionally set an indicative agricultural credit disbursement target of Rs 315 billion to banks for the current fiscal year.
