STAFF REPORT IBD: The agricultural credit disbursement by banks surged by 13.21 per cent on year-on-year basis to Rs 169.42 billion in the first seven months of the ongoing fiscal year. In absolute terms, disbursement of credit to the agriculture sector increased by over Rs 19.77 billion in July-January, 2013 when compared with the total disbursement of Rs 149.65 billion in the same period of the last fiscal year.
According to the available data, the overall credit disbursement by five major commercial banks including Allied Bank Limited, Habib Bank Limited, MCB Bank Limited, National Bank of Pakistan and United Bank Limited stood at Rs 89.65 billion in July-January, 2013 as compared with Rs 82.46 billion disbursed in July-January, 2012 depicting an increase of Rs 7.19 billion or 8.72 percent.
ZTBL disbursed a total of Rs 26.22 billion in July-January, 2013 as compared with Rs 26.36 billion disbursed in the same period of the last fiscal year.
Punjab Provincial Co-operative Bank Limited (PPCBL) disbursed Rs 4.65 billion in July-January, 2013 down by 6.46 per cent when compared with Rs 4.98 billion disbursed in the same period of the last fiscal year.
Five Microfinance Banks including Khushhali Bank Ltd, NRSP Microfinance Bank Ltd, the First Microfinance Bank Ltd, Pak Oman Microfinance Bank Ltd and Tameer Microfinance Bank Ltd disbursed agriculture loans amounting to Rs 10.06 billion during July-January, 2013 as compared to Rs 6.85 billion disbursed in the same period of the last fiscal year.