Banks' Non-Performing Loans Surge to Rs 782 Billion
From the Blog propakistani Increasing interest rates, a slowdown in the economy and poor utilization of loans have translated into high Non-Performing Loans (NPLs) of the banking industry, swelling to Rs 782 billion by the end of the financial year 2018-19. According to the State Bank of Pakistan (SBP), the Non-Performing Loans of banks surged by Rs 144 billion in the outgoing financial year. The lending of commercial banks to the private sector reached over Rs 1 trillion in the financial year 2018-19. Loans to agriculture sector also surged to nearly Rs 1 trillion whereas lending to businesses under SMEs, subsidized schemes such as LTTF and Export Refinance also showed sustainable growth. However, a significant part of these loans did not translate into revenues, converting into Non-Performing Loans. pakistanblogs.blogspot.comRead Full Post
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