May 23, 2014- BR Report
During first 10 months of the current fiscal year, ie, July-April 2014, banks disbursed Rs 288.4 billion or 76 percent of their annual agricultural credit target of Rs 380.0 billion. The disbursement is 11.3 percent higher than Rs 259.1 billion during the corresponding period last year. The outstanding portfolio of agri loans increased by Rs 35.3 billion (14.4 percent), ie, from Rs 245.4 billion to Rs 280.7 billion at end April 2014 as compared to the same period last year.
Five major commercial banks as a group disbursed agricultural loans of Rs 149.6 billion or 80.0 percent of its annual target, which is higher by 7.6 percent from Rs 139.1 billion during the corresponding period last year. Five major banks – MCB, NBP, HBL, UBL and ABL – achieved 84.2 percent, 84.0 percent, 80.0 percent, 78.0 percent and 65.0 percent of their individual annual targets, respectively. Amongst specialised banks, ZTBL achieved 76.6 percent of its target by disbursing Rs 53.3 billion against its annual target of Rs 69.5 billion while PPCBL achieved 56.1 percent of its target of Rs 10.0 billion by disbursing Rs 5.6 billion during the period under review.
Fourteen domestic private banks collectively achieved 68.8 percent of their annual targets. Under the domestic private bank’s category, Sindh Bank, Bank Al Habib, Bank of Punjab, Bank Alfalah, Faysal Bank, Soneri Bank, Silk Bank, Bank of Khyber and Habib Metropolitan Bank achieved 87.8 percent, 86.2 percent, 80.6 percent, 78.7 percent, 71.5 percent, 68.5 percent, 62.9 percent, 60.3 percent and 59.3 percent of their annual targets, respectively. Further, NIB Bank could manage only 42.0 percent; however, KASB achieved 34.4 percent, Askari Bank 28.7 percent and Summit Bank 19.7 percent of their annual targets.
Seven microfinance banks as a group disbursed agricultural loans of Rs 17.2 billion or 79.8 percent of their annual target of Rs 21.6 billion. Amongst the microfinance banks, Tameer Microfinance Bank, U Microfinance Bank and Pak Oman Microfinance Bank have already surpassed their annual targets while Khushhali Bank achieved 94.9 percent, NRSP Microfinance Bank 71.5 percent, Waseela 59.6 percent and the First Microfinance Bank achieved 58.9 percent of their annual targets. Under the category of Islamic banks, three banks collectively achieved 96.2 percent of their annual targets by disbursing Rs 511.5 million against the target of Rs 532.0 million during July-April 2014. -PR