Farm credit release down by 15pc

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STAFF REPORT KHI: The agricultural credit disbursement by banks surged by 15.29 per cent on year-on-year basis to Rs 223.845 billion in the first ten months of the current fiscal year. In absolute terms, disbursement of credit to the agriculture sector increased by over Rs 29.688 billion in July-April, 2012 when compared with total disbursement of Rs 194.157 billion in the same period of the last fiscal year.
In total, the credit disbursement by five major commercial banks including ABL, HBL, MCB Bank, NBP and UBL stood at Rs 120.415 billion in July- April, 2012 compared with Rs 107.720 billion disbursement in July- April, 2011 depicting an increase of Rs 12.695 billion or 11.79 per cent.
Zarai Taraqiati Bank Limited, the largest specialized bank, disbursed a total of Rs 43.906 billion in July- April, 2012, up by 0.51 percent when compared with Rs 43.681 billion disbursement in the same period of the last fiscal year. Punjab Provincial Co-operative Bank Limited disbursed Rs 6.352 billion in July- April, 2012 up 39.81 percent when compared with Rs 4.543 billion disbursement in the same period of the last fiscal year.


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