KARACHI: During fiscal year FY15 (July- Nov. 2014), the banks have disbursed Rs 167.6 billion which is 33.5% of the overall annual target of Rs 500 billion and 42.7% higher than Rs 117.4 billion disbursed in the corresponding period last year.
The outstanding portfolio of agriculture loans has increased by Rs 36 billion -- from Rs 266.8 billion to Rs 302.8 billion by the end of November 2014 as compared to same period last year, said SBP statement here on Thursday. Amongst the major banks, Muslim Commercial Bank has achieved 52.5% of its annual target, United Bank Limited achieved 45.2%, United Bank Limited 40.9%, Allied Bank Limited 30.9% while National Bank of Pakistan could achieve only 27.7% of its individual annual target.
Under the specialized banks category, ZTBL disbursed Rs 15.7 billion or 17.5% against its target of Rs 90.0 billion while PPCBL disbursed Rs 2.1 billion i.e. 18.2% against its target of Rs 11.5 billion during the period under review. Within fifteen domestic private banks, Bank Alfalah has achieved 47.8%, Faysal Bank 47.7%, Summit Bank 44.7%, Bank of Khyber 42.6%, NIB bank 36.7%, Silk bank 34.7 %, Bank Al Habib 32.9%, Soneri Bank 25.9%, Bank of Punjab 21.5% while Askari Bank could achieve only 21% of their annual targets during Jul-Nov 2014.
However, Standard Chartered Bank has disbursed Rs 3.6 billion against its annual target of Rs 2.5 billion for 2014-15.
Under Microfinance category, seven microfinance banks as a group has disbursed Rs 7.6 billion against their annual target of Rs 28.2 billion while under Islamic mode of financing, 4 Islamic banks collectively disbursed Rs 0.7 billion against their targets of Rs 2.3 billion to agricultur borrowers.
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