Disbursement of industrial term loans during the first half of the current fiscal (July-December, 2005) stood higher at Tk 49.46 billion (4946.15 crore) compared to Tk 42.34 billion during the same period of the preceding year, reports BSS.
Recovery of industrial term loans, however, decreased to Tk 33.67 billion compared to Tk 42.11 billion during the same period of the preceding year.
Overdue of industrial term loans at the end of December, 2005 stood lower at Tk 34.45 billion compared to Tk 55.35 billion at the end of December, 2004. Overdue as percentage of outstanding industrial term loans improved, decreasing to 14.04 at the end of December, 2005 from 24.85 at the end of December, 2004.
Disbursement of agricultural credit during July-December, 2005 stood higher at Tk 25.77 billion compared to Tk 22.42 billion of the corresponding period of last fiscal. Recovery of agricultural credit during July -December, 2005 also stood higher at Tk 19.70 billion compared to Tk 12.23 billion in July - December, 2004.
The position of overdue agricultural credit as percentage of total outstanding improved, decreasing from 47.23 at the end of December, 2004 to 43.23 at the end of December, 2005.
The disbursement of industrial loans during the fiscal year 2004-05 was Tk 87.04 billion, and the recovery was Tk 35.83 billion.
Meanwhile, the domestic credit in the country increased by 9.38 per cent during July 2005 to December 2005 against 7.92 per cent rise in the same period of the previous fiscal year.
The increase in domestic credit during the current period was mainly on account of 7.65 per cent expansion of the private sector credit.