KARACHI - 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 (July-January, 2013) of the current fiscal year (2012-13). In absolute terms, disbursement of credit to the agriculture sector increased by over Rs 19.77b in July-Jan, 2013 when compared with the total disbursement of Rs 149.65 billion in the same period of the last fiscal year.
According to SBP, 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-Jan, 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.
Zarai Tariqiati Bank Limited (ZTBL), the largest specialized bank, disbursed a total of Rs 26.22b in July-Jan, 2013 as compared with Rs 26.36b disbursed in the same period of the last fiscal year. Punjab Provincial Cooperative Bank Limited (PPCBL) disbursed Rs 4.65b in July-Jan, 2013 down by 6.46pc when compared with Rs.4.98 billion disbursed in the same period of the last fiscal year.
Fourteen domestic private banks also loaned a combined amount of Rs 38.81b in July-Jan, 2013 up by 33.85pc as compared with Rs 28.99b 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 and Tameer Microfinance disbursed agri loans amounting to Rs 10.06b during July-Jan, 2013 as compared to Rs 6.85b disbursed in the same period of the last fiscal year.