Banks extend 41% credit to textile sector

03 Apr '10

4 min read

Their total Assets have reached to Rs 366 billion at end December 2009 compared with Rs 313 billion at end June 2009. IBIs have attained market share of 5.6% in total assets, 4.5% in financing & investment and 5.9% in deposits at end December 2009, he added. He said that the Gross NPLs to loan ratio declined to 12.2% in December, 2009 from 12.4% in September, 2009 which will improve, to some extent, banks' capacity for lending to the private sector.

Representatives from trade associations and other stakeholders including Dr Ikhtiar Baig from the Federation of Pakistan Chambers of Commerce and Industry pointed out various hurdles in the promotion of credit disbursement to the private sector. SBP Deputy Governor asked banks to resolve issues that are hindering disbursement of loans to the private sector in consultation with representative bodies.

The meeting was attended, among others, by heads of commercial banks,representatives of agriculture chambers and trade bodies, officials of relevant federal/provincial departments, besides senior officials of State Bank of Pakistan.

State Bank of Pakistan

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