The disbursement of industrial loans during the first five months of the current fiscal marked a significant rise but the rate of recovery recorded a decline during the same period, reports BSS.
The disbursement of industrial term loans during the period -- July-November, 2005 -- under review was up by over Tk 2.31 billion, recording a rise by 12.83 per cent to about Tk 20.34 billion compared to about Tk 18.023 billion during the corresponding period of the previous fiscal.
The recovery of industrial term loans between July and November period of the current fiscal totalled about Tk 15 billion against Tk 17.60 billion during the same period of the previous fiscal, indicating a fall by over Tk 2.60 billion or 17.34 per cent.
However, overdue industrial term loans at the end of September 2005 stood lower -- at over Tk 39.93 billion -- than that of September-end 2004 at Tk 55.03 billion. Overdues as percentage of the outstanding amount of industrial term loans improved. The aggregate amount of such overdues stood at 26.34 per cent of the outstanding amount of industrial term loans at the end of September 2004 compared to 16.81 per cent at the end of September 2005.
In fiscal year (FY) 2004-05, the disbursement of industrial loans aggregated about Tk 87.05 billion, against Tk 66.76 billion of the previous fiscal, registering a rise by about Tk 20.29 billion or 30.39 per cent.
The recovery of industrial loans during FY 2004-05 rose remarkably by about Tk 35.84 billion (or 72.20 per cent), totalling about Tk 85.47 billion from over Tk 49.63 billion during FY 2003-04.
The disbursement of industrial loans in FY 2002-03 stood at about Tk 39.62 billion and the related recovery in the same year amounted to over Tk 38.35 billion.