NRB Approves Nearly 1.5 Bn in Refinance in 11 Months

Jul 15, 2021 02:56 PM Merolagani

NRB has approved Rs 148.35 billion refinance as of mid-June 2021. The outstanding amount of refinance remained Rs 127.09 billion during the period.

Similarly, the outstanding concessional loan remained at Rs 150.96 billion extended to 96,852 borrowers as of mid-June 2021. Out of which, Rs 102.83 billion has been extended to 44,007 borrowers for selected commercial agriculture and livestock businesses. Likewise, Rs 44.66 billion loan has been extended to 50,513 women entrepreneurs. Total 2,332 borrowers have been availed Rs 3.47 billion concessional loan to other sectors.

As per the central bank, a business continuity loan has been extended to the Covid-19 affected tourism, cottage, small and medium industries for payment of salaries to workers and employees in line with 'Business Continuity Loan Procedure, 2020'. Under this provision, Rs.822.4 million loans has been approved as of mid-June 2021.

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