Browsing Tag

Agriculture Credit

Banks disburse Rs220bn farm loans in July-Dec

January 22nd, 2015 KARACHI: Banks’ agriculture credit disbursement rose 38 per cent to Rs219.5 billion during the first half (July-Dec) of this fiscal year from Rs159.4bn in the same period last year, said the State Bank of Pakistan on Wednesday. The amount disbursed is 44pc of Rs500bn target set for this fiscal year. Among the major banks, MCB Bank achieved 64.3pc of its annual target; UBL, 55.2pc; HBL, 51pc; ABL, 37.6pc while NBP could achieve only 34.6pc. Under the specialised…

Supporting agriculture: Credit disbursement to farmers rises 32%

September 26, 2014 KARACHI(Tribune): Banks have disbursed Rs54.3 billion in agricultural credit in the first two months of the current fiscal year, up 32% from the disbursement of Rs41.1 billion in the corresponding period of previous year. They have achieved 11% of their annual indicative target of Rs500 billion so far. The outstanding portfolio of agricultural loans increased Rs34 billion from Rs261.6 billion to Rs295.6 billion at the end August. The State Bank of Pakistan (SBP) has…

July-May FY14: banks achieve 88 percent of agriculture credit disbursement targe

June 21, 2014 Banks disbursed Rs 334.7 billion or 88 percent of the annual agriculture credit target of Rs 380 billion during the first eleven months of the current fiscal year (July-May), with some of the banks already surpassing their annual targets. The credit disbursement during the period under review is 13.6 percent higher than Rs 294.5 billion credit disbursed in the corresponding period last year. The outstanding portfolio of agricultural loans has increased by Rs 30.3 billion…

Agriculture credit disbursement up 11.3 percent YoY

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…

Higher agriculture credit disbursement by banks during July-February: SBP

March 21, 2014 Against the agriculture credit target of Rs 380 billion for FY 2013-14, banks disbursed Rs 218.3 billion during July-February, 2014 which is 57.4% of the annual target. The disbursement is 11.0% higher than Rs 196.1 billion disbursement during the corresponding period last year. The outstanding portfolio of agri. loans has increased by Rs 39.3 billion (16.8%) i.e. from Rs 234.1 billion to Rs 273.4 billion at end February, 2014 as compared to same period last year. Five…

Agriculture credit disbursement: SBP sets Rs 360 billion target for banks

November 22, 2013 The State Bank of Pakistan has provisionally set an agricultural credit disbursement target of Rs 360 billion to banks for the year 2013-14. The target is 14.2 percent higher than the target of Rs 315 billion and 7.1 percent higher than the actual disbursement of Rs 336.2 billion for 2012-13. Out of the target, Rs 180.0 billion have been allocated to five large banks; Rs 69.5 billion to ZTBL, Rs 81.4 billion to domestic private banks, Rs 9.0 billion to Punjab…

Banks surpass annual agriculture credit disbursement target

KARACHI: Banks have surpassed the agriculture credit disbursement target of Rs 315 billion set by the State Bank of Pakistan (SBP) for the year ending June 30. Against the indicative target of Rs 315 billion, the banks disbursed Rs 336.1 billion, which is Rs 21.1 billion in excess of the target for FY 2012-13 and 14.4 percent higher than the last year’s disbursements of Rs 293.8 billion. Further, the agriculture outstanding portfolio stands at Rs 257.0 billion at end June, 2013 showing an…

Agriculture credit disbursement on rise

Amanullah Khan Tuesday, April 23, 2013 - Karachi—Agricultural credit disbursement by banks surged by 17 percent on year-on-year basis to Rs 231.04 billion in the first nine months (July-March, FY 2013) of the current fiscal year (2012-13). In absolute terms, disbursement of credit to the agriculture sector increased by over Rs 33.7 billion in July-March, FY 2013 when compared with the total disbursement of Rs 197.3 billion in the same period of the last fiscal year. Overall credit…

NBP disburses Rs 45,789.5 million as agriculture credit among farmers

Tuesday, 02 April 2013 ISLAMABAD: The National Bank of Pakistan (NBP) has disbursed Rs 45,789.5 million as agriculture credit among nearly 241,296 farmers during 2012 against a target of Rs 43,200 million", a statement of the Bank issued here said. According to the statement of the Bank, out of total 1,294 domestic online branches, 875 are involved in catering the needs of farmers, while offering complete range of commercial banking services to farmers. The NBP said that the loans…

Agriculture credit disbursement surges by 13.65 percent

March 22, 2013 Agricultural credit disbursement by banks surged by 13.65 percent on year-on-year basis to Rs 196.11 billion in the first eight months (July-February, 2013) of the current fiscal year (2012-13). In absolute terms, disbursement of credit to the agriculture sector increased by over Rs 23.55 billion in July-February, 2013 as compared with the total disbursement of Rs 172.56 billion in the same period of the last fiscal year. Overall credit disbursement by five major…

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