Muzaffarabad ( Web News )
Bank of Azad Jammu and Kashmir has provided loans of 3.36 billion rupees to customers under different special credit schemes designed for the Socio- Economic development of the state. One year back on September 2021 the Bank provided Rs. 3.05 billion and on September 2020 Rs. 2.45 billion to customers. Earlier, the bank provided loans of 2.20 billion rupees till September 2019. To promote business activities in the state, the bank has provided loans worth one billion rupees to customers from 2019 to September 2022. According to the spokesperson of the bank, under the supervision of Mr. Khawar Saeed, President and Chief Executive Officer of the financial institution and in line with the vision of the Government of Azad Kashmir, more than a dozen loan products based on very low markup and easy installments were launched for the convenience of customers. The products include the best and attractive schemes of commercial and consumer loans such as Advance Salary, Tourism Development, Healthcare, Gold Loan, Household Necessities, House Construction, Car/Motorcycle purchase, promotion of small and large business. The bank has prepared a business policy in collaboration with the business community to suit their needs. The people of the state can contribute to the development of the state by taking advantage of the campaign launched by the bank, while the Government of AJK is taking all necessary steps so that this institution can meet the financial and business needs of the people of the state. All other banks operating in the state have increased the interest rate but Kashmir Bank has postponed the interest rate hike till next year. Under the patronage of Khan Abdul Majid Khan, the finance minister and Chairman BAJK, the supervision and guidance of Mr. Khawar Saeed, the Bank President and the team work, tireless work and dedication of staff, excellent financial results have been achieved.۔