Banks
Banking/Financial Institutions
Introduction
In Larkana
District, Commercial Banking Services are provided by Habib Bank Ltd.
(HB), National Bank of Pakistan (NBP), United Bank Ltd. (UBL), Allied
Bank Ltd. (ABL) and Muslim Commercial Bank (MCB), while Agricultural
Development Bank of Pakistan (ADBP) provides credit services for the
farmers. A branch of small business Finance Corporation is also there
to finance small business enterprises. The Principal business of the
banks in Larkana District is remittance of money which comes from
Agricultural products and Traders, however lending of money from the
banks is also common among business community.
The agricultural Development Bank of Paksitan has a mandate
to provide loans to farmers for better production of wheat and rice.
After financing , the bank keeps track of its investment and on
evolution of loan utilization is made usually land property is
mortgaged and a loan upto 61 percent of their value can be provided on
which a 14.5 percent mark up is charged, some times present guarantee
is also acceptable if the loan demanded is up to 50000.00
The small business finance corporation (SBFC) has its branch
in Larkana city to provide loands to the farmers, traders by requiring
a land ownership certificates as mortgaging document.
The Muslim Commercial Bank Ltd. has started ATM Service in
the Larkana city. It has two ATM machines in the Larkana city which
has benefited the Traders and businessmen in the walk of banking
technology
Currently there are All
banks serving including: Faysal Bank LTD, ASKRARI Bank LTD, BANK
ISLAMI, Standard Charterd, Bank AL-HABIB and more