RAKUB recovers Tk 242 cr outstanding loan

pRajshahi Krishi Unnayan Bank (RAKUB) has recovered outstanding loan worth Taka 242 crore through a grand loan recovery camp on October 22, BSS reports.

Headquartered in Rajshahi, the specialized bank has arranged the grand camp in all its branches simultaneously as part of a 54-day special package from September 1 to October 24, said the Rakub sources here today. Of the recovered loan, Taka 212 crore was from classified loan, Taka 10 from rescheduled loan and Taka 20 from other outstanding loans. Side by side with the loan recovery, loan of Taka 207 crore was disbursed and Taka 39 crore was collected as deposit through different kinds of accounts in the grand camp.

As the largest development partner in all 16 northwest districts of Rajshahi and Rangpur divisions, RAKUB has been operating its banking activities in the country’s northwest region targeting its agricultural sector. The bank has attained an ever highest profit of Taka 42.45 crore during the 2018-19 financial year, up by Taka 2.07 crore than that of the previous fiscal, the sources added.