KARACHI: Banks have approved loans applications worth Rs107.5 billion under the Rozgar Refinance Scheme, according to the State Bank of Pakistan on Friday.

Issuing the banks’ performance in the last five weeks after announcing its support package, the SBP said there has been a significant take-up in the above mentioned scheme as of June 12.

Of the Rs107.5bn approved, Rs23.5bn is for SMEs and small corporates under the risk-sharing facility (RSF), added the report. Amongst the banks, there is considerable difference in the extent to which they have provided credit under the RSF.

The SBP provided information on two key areas; total amount of loans provided by banks under the scheme to SMEs and small corporates and the loan acceptance ratio.

Performance data indicates that top performing five banks together constitute more than 61 per cent of overall approved financing amount under the RSF with JS Bank at the top, followed by Habib Bank and Bank Al-Habib.

Published in Dawn, June 20th, 2020