NBP tops in agri credit disbursement of Rs42 billion

ISLAMABAD: National Bank of Pakistan (NBP) has disbursed agricultural credit of Rs42 billion which was the highest allocation to the farming community among the financial institutions in the country.

Spokesman and Vice President of National Bank of Pakistan (NBP), Syed Ibne Hassan said while distributing ten computers to the NPC under Corporate Social Responsibility (CSR) scheme and later addressing a press conference here at National Press Club (NPC) this afternoon.

Highlighting the achievements of NBP, he said that the bank under its agri credit scheme during June 2009 to June 2010 has disbursed Rs35.29 billion while during the year June 30, 2010-11 the target of disbursement was Rs38 billion but under the dynamic leadership of its President Qamar Hussain not only achieve the target but additional agricultural credit of Rs3 billion was disbursed to the farming community in the country.

"We have disbursed the agricultural loans of more than Rs7 billion upto June 30, 2011 of same period of previous year", he remarked.

Syed Inbe Hassan lauded the efforts of incumbent President of the Bank Qamar Hussain for promoting the services of the bank at modern lines both national and international levels.

He said that a highly professional team of bankers is devoting its services to the NBP as a result the bank has posted a pre tax profit of Rs11659 million during the six-month of current year.

The Spokesman said that the bank's deposits have also increased to Rs14 billion besides increasing the National and International branches of the bank to 1200 and installation of a network of 500 Auto Teller Machines (ATM) across the country.

Hassan added that NBP under its corporate financing scheme is also extending support and services of financing to various sectors in public and private including car and Small and Medium Sector finances.

He further elaborated that the bank through computerization is extending online services to customers besides introducing new products.

The spokesman said that during the last financial year the shareholders of the bank were given 75 percent share besides paying them 25 percent profit from the stock market.

"The bank has also actively participated in social sectors specially played its prominent role in providing relief assistance to the floods victims besides promoting the sport sector activities in the country", he remarked.

Copyright APP (Associated Press of Pakistan), 2011