During first quarter of the current fiscal year (Jul-SeptFY15), the banks have disbursed Rs 98.1 billion, said the central bank on Tuesday.
This amount constitutes 20 per cent of the overall annual target of Rs 500 billion and stands at 38 per cent higher than disbursement of Rs 70.8 billion made during the corresponding period last year, the regulator added.
The outstanding portfolio of agriculture loans has increased by Rs 36 billion – from Rs 270 billion to Rs 306 billion at end September 2014 as compared to same period last year.
Amongst the major banks, ABL and UBL have achieved 24.7 per cent each of their annual targets, HBL achieved 23.1 per cent and MCB achieved 20 per cent of its individual annual targets.
Under the specialised banks category, ZTBL disbursed Rs 7.8 billion or 8.7 per cent against its target of Rs 90.0 billion while PPCBL could disburse only Rs 1.1 billion – 10 per cent against its target of Rs 11.5 billion during the period under review.
Within 15 domestic private banks, the Summit Bank has achieved 40.4 per cent, Faysal Bank 31 per cent, Bank Alfalah 30 per cent, Silk Bank 29.2 per cent, Bank of Khyber 26.3 per cent, NIB Bank 25.8 per cent and Bank Al Habib 23 per cent of their annual targets during Jul-Sep 2014 whereas Standard Chartered Bank has disbursed Rs 3.5 billion against its annual target of Rs 2.5 billion for 2014-15.
Under the microfinance category, seven microfinance banks as a group has disbursed Rs 3.1 billion against their annual target of Rs 28.2 billion while under Islamic mode of financing, only four Islamic banks collectively disbursed Rs 618.7 million against their targets of Rs 2.3 billion to agriculture borrowers.