ISLAMABAD: The National Bank of Pakistan (NBP) is leading in
agriculture credit financing to other banks and financial institutions in the
country by lending Rs 45,789.5 million (106 percent of achievement) among
nearly 241,296 farmers as of June 30, 2012, against a target of Rs 43,200
million.
According to the spokesman of the bank, Syed Ibne Hassan, NBP’s total outstanding of Rs 41,527.657 million (108 percent of achievement) during one year exceeded by Rs 3027.657 million as of June 30,2012, rising against a target of Rs 38,500 million.
He added this becomes possible due to dynamic leadership of NBP President Qamar Hussain and Chief Operating Officer Dr Asif Brohi.
Out of total 1,283 domestic online branches, 875 are involved in catering to the needs of farmers, while it offers complete range of commercial banking services to farmers.
The NBP has disbursed Rs 45,789.5 million in agriculture credit financing among nearly 241,296 farmers during July 2011 to June 2012, against a target of Rs 43,200 million.
During this period, the percentage of non-performing loans (NPLs) of NBP was about 7.6 percent as of June 30, 2012, compared to 15 percent average NPL’s of commercial banks in agricultural.
The other distinguishing feature of NBP is the competitive mark-up rate, which is lower than the rate being charged by other commercial banks.
The loans disbursed can be divided into two categories - production and development. Under the first category loans are disbursed mainly for the procurement of seeds, leveling land, pesticides etc and fertilizers and the second category is for the purchase of agricultural tractors and implements and construction of modern storage, cattle farms, poultry farms etc and facilities.
According to the spokesman of the bank, Syed Ibne Hassan, NBP’s total outstanding of Rs 41,527.657 million (108 percent of achievement) during one year exceeded by Rs 3027.657 million as of June 30,2012, rising against a target of Rs 38,500 million.
He added this becomes possible due to dynamic leadership of NBP President Qamar Hussain and Chief Operating Officer Dr Asif Brohi.
Out of total 1,283 domestic online branches, 875 are involved in catering to the needs of farmers, while it offers complete range of commercial banking services to farmers.
The NBP has disbursed Rs 45,789.5 million in agriculture credit financing among nearly 241,296 farmers during July 2011 to June 2012, against a target of Rs 43,200 million.
During this period, the percentage of non-performing loans (NPLs) of NBP was about 7.6 percent as of June 30, 2012, compared to 15 percent average NPL’s of commercial banks in agricultural.
The other distinguishing feature of NBP is the competitive mark-up rate, which is lower than the rate being charged by other commercial banks.
The loans disbursed can be divided into two categories - production and development. Under the first category loans are disbursed mainly for the procurement of seeds, leveling land, pesticides etc and fertilizers and the second category is for the purchase of agricultural tractors and implements and construction of modern storage, cattle farms, poultry farms etc and facilities.
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