NBP Disburses Rs. 15 Bln Under PMYBL Scheme

NBP disburses Rs. 15 bln under PMYBL scheme

ISLAMABAD, (Pakistan Point News - APP - 30th Dec, 2016 ) : Loan disbursements of the National Bank of Pakistan (NBP), under the Prime Minister Youth business Loan (PMYBL) scheme rose to approximately Rs.15 billion with total number of borrowers exceeding 14,700 by December, 28 2016. Spokesman of the Bank, Syed Ibn-e-Hassan told APP on Friday that NBP effectively improved its internal processes for disbursement, and as a result "we have witnessed significant growth in loan figures disburse under the PMYBL scheme".

"Last year, the total portfolio of PMYBL Scheme was Rs. 6.25 billion and the total numbers of borrowers were 6,791", he added. This year with 140 percent increase in loan portfolio size, a significant and impressive growth is witness in PMYBL scheme roll out through NBP, he remarked. It may be recalled that National Bank being the largest bank of country is operating with more than 1400 branches across Pakistan. The bank is already in process to enhance digital outreach through all available digital channels in the banking. APP/imn/aa/kmd/