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Sunday, March 12, 2006

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BKB disburses Tk 18b in first eight months of current fiscal
FE Report
3/12/2006
 

          Bangladesh Krishi Bank (BKB) has disbursed Tk 18 billion in eight months of the current financial year, which is up by Tk 4.00 billion.
The Bank has also launched three new products, namely, micro savings programme, teachers' savings scheme and Hajj savings programme.
BKB has projected to open around 0.3 million new deposit accounts under its three fresh schemes, said BKB Managing Director Sajedur Rahman.
"We are receiving good feedback from our farmers and other clients," Sajed said, explaining his potential of doing business in rural areas.
"I have branches in areas where no bank has any branch," Sajed said. Under its micro and teachers' savings schemes, account holders may save Tk 100 to Tk 500 per month.
The bank has projected a total of Tk 30 billion for disbursement during the current financial year.
"There are some sub-sectors which are growing faster than traditional ones. Fisheries, poultry and dairy sub-sectors are taking most of the loans," the BKB managing director pointed out.
The farm bank has recovered a total of Tk 11 billion during the last eight months. The total recovery target has been fixed at Tk 20 billion for the entire financial year.
The BKB chief executive said he is unable to compete with the private banks when it comes to deposit schemes because private banks offer much higher interest rates. BKB offers only 6.00 per cent interest.

 

 
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