During 2006, NPL’s have been assigned to the newly created Special Assets Management Division and servicing of loans remain with Recovery Division. During the year SAM & Recovery Division recovered an amount of Rs. 3.8 billion.

In March 2007, the Recovery Division and Special Asset Management Division have been merged together and named as Recovery Division. Two distinct Departments i.e. “Loan Servicing” and “Default Management” are working under the Recovery Division.

The overall recovery operations is continue to be separated in to “ Loan Servicing” involving collections on current accounts and “ Default Management” covering management of default/non-performing loans.

These surveillance and recovery measures indeed ensure the viability of the institution as a “going concern”.

Record recoveries were made during the years 2005 and 2006 , as under:-

1.      2005                                          Rs. 3 billion

2.      2006                                          Rs. 3.842 billion

The years 2006 and 2007 have been declared “Years of Recovery”.