Rajshahi Krishi Unnayan Bank (RAKUB) has set a target of disbursing loans worth Tk 4,100 crore for increasing crop production and boosting rural economy everywhere in the country's northwest zone during the current 2024-25 fiscal year.
The loans are being disbursed through 383 branches in the country's northwest zone consisting of all 16 districts under Rajshahi and Rangpur divisions, reports BSS.
Side by side with the disbursement, the bank will recover loans worth Tk 4,200 crore, including classified loans worth Tk 450 crore, during the current fiscal. It has also set a target of collecting deposit of Tk 1,000 crore
During the previous 2023-2024 fiscal, the bank disbursed Tk 3,836 crore loans against the target of Tk 3,800 crore, while the loan recovery figure was Tk 4,183 crore, including classified loans of Tk 456 crore, against the target of 3,437crore, including classified loans of Tk 523 crore.
Niranjan Chandra Debnath, Managing Director of RAKUB, told BSS that they have attained a neat profit worth Tk 2.98 crore together with cherished success in all financial indicators during the previous financial year.
"We have attained a neat profit overcoming the losses of Tk 224.15 crore incurred in the previous 2022-2023 financial year," he said.
At present, the number of loss-making branches has been reduced to 12, declining the number to 48 in the last fiscal year from the previous year's 60.
Apart from this, deposit and debit balances have been inclined to Tk 7,180 crore and Tk 7,837 crore from the previous year's Tk 6,777 crore and Tk 7,587 crore respectively.
On the contrary, the balance of classified loans has been reduced to Tk 1,242 crore from Tk 1,430 crore reaching the classified loan to 16 per cent from 19 per cent.
Niranjan Chandra Debnath also said the RAKUB clients are availing the scopes of opening bank accounts and paying bills of various utility services staining in the home.
As the largest development partner in agriculture as well as the agro-based industry sector of northwest Bangladesh, currently, the bank has adopted the effective work plan which is being implemented at the grassroots level to make the credit programs easier.
Through 383 branches, RAKUB has been operating its commercial activities in all 16 northwest districts of Rajshahi and Rangpur divisions targeting the agricultural sector and all its sub-sectors, including agro-processing and industries.
Apart from this, the bank introduced various modern banking services in all its branches to reach banking services to the doorsteps of the public in general.
Around 40 lakh clients of the bank benefited in many ways, including banking transactions anytime and from anywhere, bill payment of utility services and opening new bank accounts from home.
