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19 June, 2017 00:00 00 AM
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Banks exceed agricultural loan disbursement target for FY17

BSS

Farm and non-farm credit disbursement witnessed a massive 107.89 per cent growth in the 11 months of fiscal year 2016-17 (FY17) as banks in public and private sectors, including the specialised and foreign ones, disbursed about Tk 18,900 crore till May against their total target of Tk 17,550 crore during the period, reports BSS.
During the period, private and foreign commercial banks performance better than the public banks in distribution of agricultural and non-farm credit during the period.
According to Bangladesh Bank data, state-owned and specialised banks have achieved 98.38 per cent of their loan disbursement target while the foreign and private commercial banks 118.59 per cent against their target fixed by the central bank.
Six state-owned commercial banks - Agrani, Janata, Rupali, Sonali, BASIC and BDBL and two state-owned specialised banks - Bangladesh Krishi Bank and RAKUB disbursed a total of Tk 9139.59 crore which is more Tk 150.41 crore than their target of Tk 9,290 crore.
The foreign and private commercial banks disbursed Tk 9,795.68 crore, up Tk 1,535.68 from their target of Tk 8,260 crore.
Earlier, Bangladesh Bank Chief Spokesperson Subhankar Saha said banks have been able to exceed the agricultural loan disbursement target in the last couple of years due to the BB’s strict monitoring over the farm loan disbursement.
Every month, BB holds meeting with scheduled banks to expedite agricultural loan disbursement activities, he added.
Disbursement target of the BB was Tk 14,595 crore for fiscal year 2013-14, but the disbursement surpassed the target and stood at Tk 16,037 crore.
Fiscals 2014-15 and 2015-16 also followed the similar trend with disbursement of Tk 15,978 crore and 17,646 crore against the targets of Tk 15,550 crore and Tk 16,400 crore respectively.

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Editor : M. Shamsur Rahman

Published by the Editor on behalf of Independent Publications Limited at Media Printers, 446/H, Tejgaon I/A, Dhaka-1215.
Editorial, News & Commercial Offices : Beximco Media Complex, 149-150 Tejgaon I/A, Dhaka-1208, Bangladesh. GPO Box No. 934, Dhaka-1000.

Editor : M. Shamsur Rahman
Published by the Editor on behalf of Independent Publications Limited at Media Printers, 446/H, Tejgaon I/A, Dhaka-1215.
Editorial, News & Commercial Offices : Beximco Media Complex, 149-150 Tejgaon I/A, Dhaka-1208, Bangladesh. GPO Box No. 934, Dhaka-1000.

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