RAKUB disburses agricultural loans worth Tk2,538cr in NW region

Rajshahi Krishi Unnayan Bank (RAKUB) disbursed agricultural loans of around Tk 2,538.33 crore till March 9 last of the current 2022-23 fiscal year aimed at increasing crop production coupled with boosting the rural economy.

The loans were disbursed through 383 branches in the country’s northwest region consisting of 16 districts under the Rajshahi and Rangpur divisions.

Apart from this, the specialised commercial bank also recovered loans of Tk 2,518.03 crore including classified loans of Tk 769.61 crore. It has a total balance of deposits worth Tk 6,628.26 crore till last February of the current fiscal.

RAKUB Management revealed this while celebrating the 36th founding anniversary of the bank on Wednesday.

Managing Director Md Zahidul Haque accompanied by General Manager Maksuda Nasrin and Shawkat Shahidul Islam opened the daylong celebration programmes before a large number of his colleagues at the bank’s head office.

Headquartered in Rajshahi, the bank has set a target of disbursing loans of Tk 3,250 crore during the current fiscal year.

Target has also been set to recover loans of Tk 3,526 crore, including classified loans with Tk 874.59 crore, and raise deposit collection to Tk 3,000 crore, he said.

All the zonal and branch managers were asked to infuse more dynamism into all business activities including loan disbursement, recovery especially the classified loan and deposit collection for benefit of both the bank and clients, he said.

Managing Director Md Zahidul Haque said the bank began its journey with 253 branches and 10,64,531 clients on March 15, 1987. But at present, the figures stood at 383 and 38,05,764 respectively.