Rabiul Alam : Even after constant failure in tackling default loans, country’s state owned commercial banks (SOCBs) are also facing trouble in loan disbursement and recovery in two major sectors.
According to the sources, the commercial banks could not disburse and realize loan as per the strategic target in the first half of the current fiscal year (FY) 2020-21.
Six state owned commercial banks of the country disbursed a total of 51 percent in farm sector and 45.76 percent in Small and Medium Enterprise sector from the total annual loan disbursement target in the first six months (July-December) of current fiscal year under the Annual Performance Agreement (APA) with Financial Institutions Division of Finance Ministry. The banks collectively realized a total of 64.79 percent and 57.87 percent of total annual target in Farm and Small and Medium Enterprise sectors respectively in the first half of FY 2020-21.
Sources of Finance Institution Division said, Sonali Bank, Janata Bank and BDBL have disbursed more loans in farm sector compared to their half-yearly target. Among them, Sonali Bank already has disbursed Tk 463.20 crore against its total annual target of Tk 500 crore; Janata Bank disbursed Tk 394.31 crore against its annual target of Tk750 crore and DBBL disbursed Tk 15.42 crore against its annual target of Tk 15 crore in farm sector.
On the other hand, Agrani Bank, Rupali Bank and BASIC Bank have become failed in achieving half-yearly target in farm loan disbursement. Of them, Agrani Bank disbursed Tk 258 crore against Tk 680 crore, which is 38 percent of its total annual target; Rupali Bank disbursed Tk 70.94 crore against TK 400 crore, which is 18 percent of its annual target and BASIC Bank disbursed Tk 33.09 crore against Tk 75 crore, which is 44 percent of its total annual target in farm sector. However, Rupali Bank and BASIC Bank could not meet target in realizing loans disbursed in farm sector. Rupali and BASIC Banks realized 30 and 34 percent farm loans respectively. Meanwhile, Sonali Bank, Janata Bank and DBBL disbursed more loans compared to half-yearly target in Small and Medium Enterprise sector. Among them, Sonali Bank disbursed Tk 1,291.32 crore against its annual target Tk 1,800 crore. Agrani Bank disbursed Tk 2,425 crore against its annual target Tk 4,200 crore and BDBL disbursed Tk 78 crore against its annual target Tk 78.01 crore in Small and Medium Enterprise (SME) sector. However, Janata, Ruplai and BASIC Bank have become failure in achieving half-yearly target in SME loans disbursement.
- Hi-tech posing risk for financial sector
- Hasina among top 3 C’wealth inspirational women leaders
- Bhasan Char is safe for Rohingyas: experts
- Bangladesh needs to set up Police University shortly
- CHT Peace Treaty: A chase of an illusion!
- Apparel diplomacy for post-LDC era
- Indian farmers block highway outside Delhi
- India to focus connectivity for next 20-yrs ties with BD
- PM receives coronavirus vaccine
- Conduct research to diversify exports: PM