The New Nation - Internet Edition

The industrial credit disbursement in the country recorded a hefty 66 percent growth in 2007-08 fiscal year (July 2007-June 2008) over that of 2006-07 fiscal year, official data showed.

According to the provisional statistics of the Bangladesh Bank received yesterday, disbursement of industrial term loans in the country stood at Tk 206.10 billion in 2007-08 fiscal year, while a total of Tk 123.81 billion was disbursed as industrial term loan in 2006-07 fiscal year.

A senior official of Bangladesh Bank said that the upward trend in the industrial term loan disbursement will continue in the near future in line with the existing central bank monetary policy.

The central bank on July 17 unveiled its half-yearly monetary policy aiming to achieve maximum economic growth through credit expansion to productive sectors during the current fiscal while keeping inflationary pressures under control.