Faisal Vawda said the incumbent government had inherited a huge backlog of billions of rupees as result of the agreement with K-Electric besides other losses since then.
At least $28 million is earmarked for non-profit community lenders catering to Black entrepreneurs, the bank said.
"If we look at the communities we serve and the intent and spirit of the program, we believe it was to lean in to help those businesses that were perhaps the most fragile."