Banks and financial institutions whose SME loan disbursement rate is below 50% have been warned. The central bank said punitive measures would be taken against them if they fail to meet the target by this fiscal year. Agrani SME Financing Company, GSP Finance Company (Bangladesh), Janata Bank, Habib Bank, Woori Bank, IFIC Bank, Meghna Bank, National Bank, NCC Bank, NRB Bank, Pubali Bank, Shimanto Bank, Al-Arafah Islami Bank, First Security Islami Bank, Global Islami Bank, and Standard Bank have failed to meet the target. Overall, banks met around 77% of their disbursement targets. According to the Bangladesh Bank, loans worth Tk15,338 crore were disbursed till June, which is 76.93% of the set target.

Source: Dhaka Tribune September 05, 2021 15:20 UTC