SoBs achieve over 23pc farm loan disbursement target in four months

Dhaka,  Tue,  26 September 2017
Published : 28 Nov 2016, 21:47:10

SoBs achieve over 23pc farm loan disbursement target in four months

FE Report

State-owned Banks (SoBs) have cumulatively achieved over 23 per cent of their agricultural loan disbursement target in the first four months of the current fiscal year (FY) 2016-17.

According to the Bangladesh Bank (BB) statistics, during the period between July and October, the banks disbursed a total of Tk 22.03 billion which was 23.72 per cent of their annual target of Tk 92.90 billion.

State-owned Sonali Bank, Janata Bank, Agrani Bank, Rupali Bank, BASIC Bank, Bangladesh Krishi Bank (BKB), Rajshahi Krishi Unnayan Bank (RAKUB) and Bangladesh Development Bank gave the loans to the farmers.

According to the statistics, Sonali Bank disbursed 13.82 per cent of its target while Janata Bank 48.86 per cent, Agrani Bank 20.96 per cent, Rupali Bank 20.88 per cent, BASIC Bank 29.05 per cent, Bangladesh Development Bank 3.44 per cent, Bangladesh Krishi Bank 25.20 per cent and RAKUB 16.52 per cent.

On the other hand, aggregate disbursement of agri-credit by state-owned banks, private commercial banks (PCBs) and foreign commercial banks (FCBs) rose to Tk 52.20 billion in the July-October period of the FY 2016-17 from Tk 46.12 billion during the same period in the previous fiscal, according to Bangladesh Bank (BB) latest data.

All scheduled banks have achieved 30.04 per cent of their annual agricultural credit disbursement target for the FY 17. The target was fixed at Tk 175.50 billion, the BB data showed.

The central bank is set to review today (Tuesday) the performance of eight state-owned banks in agricultural credit disbursement and its recovery, a BB source said.

The central bank at the meeting is likely to advise the SoBs to take necessary measures to provide required credit support to the farmers in time without any harassment to facilitate overall agricultural production across the country, he added.

The BB will also sit with the authorities of all scheduled banks in the month of December to review their performance in both agricultural credit disbursement and recovery, he said.
Editor : A.H.M Moazzem Hossain
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