RAKUB recovers Tk 2,000m through Baishakhi fair

The Rajshahi Krishi Unnayan Bank (RAKUB) has recovered outstanding loans worth around Tk 2,000 million (Tk 200 crore), including classified loan of Tk 302 million (Tk 33.02 crore), through its Baishakhi Fair, a RAKUB press release said.

The bank arranged a daylong Baishakhi Mela (Baishakhi fair) in all its 381 branches in all 16 districts under Rajshahi and Rangpur divisions recently, marking the

celebration of Pahela Baishakh, the first day of the Bengali New Year 1426.

Apart from recovering loans, the bank distributed loan of Tk 1,410 million (Tk 141 crore) in various potential sectors, including crops, farmers' credit, crop-sharing, green banking and dairy and spice farming, the release added.

RAKUB chairman Nazrul Islam accompanied by the officials concerned visited different branches in Dinnajpur, Nilphamari, Rangpur and Gaibandha districts to see the loan recovery and disbursement activities.

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 and all its sub-sectors.