Arab Today, arab today microfinance banks’ deposits drop by 139
Last Updated : GMT 00:22:05
Arab Today, arab today
Arab Today, arab today

Microfinance banks’ deposits drop by 13.9%

Arab Today, arab today

Arab Today, arab today Microfinance banks’ deposits drop by 13.9%

Karachi - Arabstoday

The deposits of Microfinance Banks (MFBs) of Pakistan fell by 13.9 per cent Quarter on Quarter (QoQ) to Rs8.9 billion ($104.706 million) in the Jan-Mar quarter from $121.624 million in the previous quarter, said State Bank of Pakistan’s (SBP) quarterly report on Mincrofinance. “A few MFBs booked one-month term deposit receipts (TDRs) in Dec-2010, which matured in January 2011,” the report said. “The volatility of deposits has been largely causing the negative fluctuation in the assets base of the MFBs in recent quarters.” The deposit base, however, increased 28.4 per cent Year on Year (YoY) from Rs6.93 billion in March 2010. The central bank said MFBs are entering into larger loan size slowly, but persistently. This trend continued during Jan-Mar quarter as their advances increased by 6.9 per cent despite a marginal decline of one per cent in the number of borrowers. The decline was seen as Khushhalibank Limited and First Microfinance Bank Limited had to curtail growth in certain flood-affected areas. At the same time, two district MFBs, and Pak Oman MFB continued to reduce their already thin credit portfolio owing to their internal problems.The negative trends in Non-Performing Loans (NPLs) were also attributable to the same set of factors portfolios of KBL and FMFB were hit in flood-affected areas whereas two district MFBs and POMFB contributed to NPLs due to their internal weaknesses. Three small MFBs experienced double-digit Portfolio at Risk (PAR) ratio during the quarter, though they have a relatively small portion of the overall portfolio, the SBP said. The NPLs may see further increase as some of the bullet loans in flood-affected areas were to mature in the second quarter of 2011, it added.After adjusting the outliers (floods and weak MFBs) effects, the portfolio quality remains positive, the report said. Equity reduction during the quarter was contributed by almost all MFBs.An important development during the quarter was the commencement of NRSP MFB which is expected to significantly enhance the market share of MFBs in forthcoming quarters, said the central bank. From / Gulf Today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today microfinance banks’ deposits drop by 139 Arab Today, arab today microfinance banks’ deposits drop by 139

 



Arab Today, arab today
Arab Today, arab today Ideen Belmahdy happy to be part of “ Fashion Star”

GMT 17:00 2017 Sunday ,26 February

Ideen Belmahdy happy to be part of “ Fashion Star”
Arab Today, arab today Tourist guide explains types of tourism

GMT 18:28 2017 Saturday ,25 February

Tourist guide explains types of tourism
Arab Today, arab today Expresses Algerian history by woody figures

GMT 13:26 2017 Friday ,24 February

Expresses Algerian history by woody figures
Arab Today, arab today Iran complying with nuclear deal

GMT 07:14 2017 Saturday ,25 February

Iran complying with nuclear deal
Arab Today, arab today Ayat Abaza says state TV presented major stars

GMT 03:52 2017 Sunday ,26 February

Ayat Abaza says state TV presented major stars
View News in Arabic - Business: مصارف
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Reading therapy relieves mental disorders

GMT 15:39 2017 Friday ,24 February

Reading therapy relieves mental disorders
Arab Today, arab today UK appoints 1st Scotland Yard chief in 188 years

GMT 05:14 2017 Thursday ,23 February

UK appoints 1st Scotland Yard chief in 188 years
Arab Today, arab today Penguins in the age of dinos

GMT 11:44 2017 Saturday ,25 February

Penguins in the age of dinos
Arab Today, arab today Pluto's unruly moons

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons
Arab Today, arab today 'Constructive' Vauxhall talk with union

GMT 08:54 2017 Saturday ,25 February

'Constructive' Vauxhall talk with union
Arab Today, arab today Tesla back into red but revenue grows

GMT 07:27 2017 Thursday ,23 February

Tesla back into red but revenue grows
Arab Today, arab today Ola Ghanem hopes to work with M.Ramadan

GMT 07:23 2017 Friday ,24 February

Ola Ghanem hopes to work with M.Ramadan
Arab Today, arab today Ex-yoga missionary unleashes rage

GMT 12:16 2017 Thursday ,23 February

Ex-yoga missionary unleashes rage

GMT 06:08 2017 Thursday ,23 February

Actress Lobna Abdel Aziz proud of her career

GMT 12:35 2017 Tuesday ,21 February

63-Year-Old Woman Delivers Baby

GMT 13:47 2017 Friday ,24 February

Rabia Fatima reveals role of "Facebook" in her career

GMT 10:28 2017 Wednesday ,22 February

Milan laughs while Rome cries

GMT 20:33 2017 Friday ,17 February

To release new antiques collection

GMT 10:20 2017 Thursday ,23 February

Brazil's top diplomat resigns

GMT 11:54 2017 Thursday ,23 February

Saudis await visitors but will they come?

GMT 13:12 2015 Saturday ,09 May

Sheikh Sultan opens Sharjah Centre
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday