The banks during fiscal year FY15 (Jul-Nov 2014) have disbursed Rs 167.6 billion, reported the central bank on Thursday.
This amount, the bank said, constitutes 33.5 percent of the overall annual target of Rs 500 billion and was 42.7 percent higher than disbursement of Rs 117.4 billion made during the corresponding period last year.
The outstanding portfolio of agri loans has increased by Rs 36.0 billion – from Rs 266.8 billion to Rs 302.8 billion at end November 2014 as compared to same period last year.
Amongst the major banks, the MCB Bank has achieved 52.5 percent of its annual target, UBL achieved 45.2 percent, HBL 40.9 percent, ABL 30.9 percent while NBP could achieve only 27.7 percent of its individual annual target, said the State Bank.
Under the specialised banks category, ZTBL disbursed Rs 15.7 billion or 17.5 percent against its target of Rs 90.0 billion while PPCBL disbursed Rs 2.1 billion – 18.2 percent against its target of Rs 11.5 billion during the period under review.
Within 15 domestic private banks, Bank Alfalah has achieved 47.8 percent, Faysal Bank 47.7 percent, Summit Bank 44.7 percent, Bank of Khyber 42.6 percent, NIB Bank 36.7 percent, Silk Bank 34.7 percent, Bank Al Habib 32.9 percent, Soneri Bank 25.9 percent, Bank of Punjab 21.5 percent while Askari bank could achieve only 21 percent of their annual targets during Jul-Nov 2014.
However, the regulator said, Standard Chartered Bank has disbursed Rs 3.6 billion against its annual target of Rs 2.5 billion for 2014-15. Under the microfinance category, the central bank said, seven microfinance banks as a group had disbursed Rs 7.6 billion against their annual target of Rs 28.2 billion. The in Shariah-complaint mode of financing, four Islamic banks, collectively, disbursed Rs 0.7 billion against their targets of Rs 2.3 billion to agri borrowers.
