Farm credit disbursement surges to Rs. 255b
June 23rd, 2012 | Technology Times | No Comments
STAFF REPORT KHI: The agricultural credit disbursement by banks surged by 13.11 per cent on year-on-year basis to over Rs 255 billion in the first eleven months (July-May) of the outgoing fiscal year, said State Bank of Pakistan here.
SBP said in absolute terms, disbursement of credit to the agriculture sector increased by over Rs 29.566 billion in July-May, 2012 when compared with total disbursement of Rs 225.461 billion in the same period of the last fiscal year. The bank said that overall credit disbursement by five major commercial banks including ABL, HBL, MCB, NBP and UBL stood at Rs 132.385 billion in July- May, 2012 as compared with Rs 123.100 billion disbursement in July-May, 2011 depicting an increase of Rs 9.285 billion or 7.54 per cent.
ZTBL disbursed a total of Rs 54.174 billion during this period, down by 0.34 per cent when compared with Rs 54.359 billion disbursed in the same period of the last fiscal year.
Punjab Provincial Co-operative Bank Limited disbursed Rs 6.826 billion in July-May, 2012 up 38.69 percent when compared with Rs 4.921 billion disbursement in the same period of the last fiscal year, the bank added.
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