KARACHI:
The size of non-performing loans (NPLs) of Pakistani banks increased by Rs5.54 billion in the second quarter of the year to stand at Rs594.47 billion, a according to figures available with The Express Tribune on Friday.
NPLs at the end of the first quarter were Rs588.93 billion, it said.
However, the figure dropped in terms of net NPLs, as they stood at Rs196.87 billion at the end of the first quarter in contrast to Rs191.36 billion at the second quarter that ended on June 30.
Similarly, total NPLs also decreased during the second quarter to 5.58 per cent of total loans. Total NPLs were 5.8 per cent at the end of the first quarter.
Public-sector banks recovered Rs2.463 billion during the second quarter as opposed to local private banks which recovered Rs11.84 billion. The recovery figures for foreign banks, specialised banks and DFIs were Rs167 million, Rs2.536 billion and Rs230 million, respectively.
According to the figures, 11 per cent of the total loans of the public-sector banks fell under the category of NPLs.
Similarly, local private banks, foreign banks, specialised banks and development financial institutions (DFI) had NPLs of 3.7 per cent, 1.1 per cent, 15.54 per cent and 11.37 per cent, respectively.
The available figures showed that during the second quarter the banking sector recovered NPLs of Rs17.23 billion. The figure stood at Rs16.76 billion during the first quarter, it added.
Published in The Express Tribune, August 20th, 2011.
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