Agriculture loans: National Bank crosses target

NBP provided nearly 120% of the target in agricultural loans.

Press Release August 02, 2013

KARACHI: National Bank of Pakistan has said that it provided nearly 120% of the target in agricultural loans and was the second best performer after Allied Bank, which achieved 146% of the target, in the year ended June 30, 2013. In a press release, NBP says among ‘Big Five’ banks, it was the largest and the most efficient lender to the farmers in July-June 2012-13. It disbursed over Rs57 billion whereas ABL lent Rs27 billion. In the year, the target for NBP was enhanced to Rs47.5 billion from Rs43.2 billion, an increase of 10%. The bank also succeeded in reducing its non-performing loans as they stood at 5.3% on June 30, 2013 compared to 5.8% on December 31, 2012.

Published in The Express Tribune, August 3rd, 2013.

Like Business on Facebook, follow @TribuneBiz on Twitter to stay informed and join in the conversation.