Saudi MSMEs receive SAR 218.7 bln credit facilities in Q1 2022
Saudi Arabian banknotes
Credit facilities extended by the banking sector and financing companies in Saudi Arabia to micro-, small- and medium-sized enterprises (MSMEs) rose by 16% to nearly SAR 218.7 billion in Q1 2022, from SAR 188.43 billion in Q1 2021, data from the Saudi Central Bank (SAMA) showed.
The banking sector accounted for SAR 203.4 billion worth of credit facilities, or 93% of total credit facilities, while financing institutions provided SAR 15.3 billion, or 7%.
Facilities provided to MSMEs by banks and financing institutions (SAR bln) |
|||
Period |
2021 |
2022 |
Change |
Q1 |
188.43 |
218.68 |
+16% |
Q2 |
198.22 |
-- |
-- |
Q3 |
200.37 |
-- |
-- |
Q4 |
203.23 |
-- |
-- |
The below table shows facilities extended to MSMEs by sector:
Facilities extended to MSMEs (SAR bln) |
|||
Period |
Banking sector |
Financing institutions |
Total |
Q1 2018 |
87.84 |
7.83 |
95.68 |
Q2 2018 |
93.60 |
7.66 |
101.26 |
Q3 2018 |
99.00 |
7.68 |
106.68 |
Q4 2018 |
100.76 |
7.76 |
108.52 |
Q1 2019 |
105.02 |
8.15 |
113.17 |
Q2 2019 |
105.16 |
7.87 |
113.03 |
Q3 2019 |
106.86 |
8.75 |
115.61 |
Q4 2019 |
107.97 |
9.38 |
117.35 |
Q1 2020 |
125.16 |
9.68 |
134.84 |
Q2 2020 |
147.40 |
10.64 |
158.04 |
Q3 2020 |
164.99 |
10.75 |
175.74 |
Q4 2020 |
170.35 |
11.89 |
182.24 |
Q1 2021 |
175.46 |
12.97 |
188.43 |
Q2 2021 |
184.76 |
13.46 |
198.22 |
Q3 2021 |
186.22 |
14.16 |
200.37 |
Q4 2021 |
188.59 |
14.64 |
203.23 |
Q1 2022 |
203.41 |
15.27 |
218.68 |
Medium-sized enterprises received SAR 135.5 billion, or 67% of Saudi banking sector’s facilities, while small-sized enterprises received around SAR 54.04 billion in Q1 2022.
Facilities extended by banking sector (SAR bln) |
||||
Enterprise |
Micro |
Small |
Medium |
Total |
Q1 2018 |
4.22 |
22.01 |
61.62 |
87.84 |
Q2 2018 |
3.69 |
20.82 |
69.10 |
93.60 |
Q3 2018 |
3.97 |
21.80 |
73.22 |
99.00 |
Q4 2018 |
3.70 |
22.31 |
74.76 |
100.76 |
Q1 2019 |
2.87 |
22.98 |
79.17 |
105.02 |
Q2 2019 |
2.61 |
23.11 |
79.44 |
105.16 |
Q3 2019 |
3.05 |
22.97 |
80.84 |
106.86 |
Q4 2019 |
3.53 |
23.01 |
81.44 |
107.97 |
Q1 2020 |
3.78 |
27.47 |
93.92 |
125.16 |
Q2 2020 |
5.33 |
31.28 |
110.80 |
147.40 |
Q3 2020 |
6.20 |
37.26 |
121.54 |
164.99 |
Q4 2020 |
7.18 |
39.92 |
123.26 |
170.35 |
Q1 2021 |
8.34 |
39.67 |
127.45 |
175.46 |
Q2 2021 |
8.47 |
44.18 |
132.11 |
184.76 |
Q3 2021 |
11.14 |
45.08 |
129.99 |
186.22 |
Q4 2021 |
9.37 |
50.59 |
128.64 |
188.59 |
Q1 2022 |
13.83 |
54.04 |
135.54 |
203.41 |
Meanwhile, small-sized enterprises received SAR 7.22 billion of financing institutions' facilities in Q1 2022, while medium-sized enterprises received around SAR 4.90 billion in the same period.
Facilities extended by financing institutions (SAR bln) |
||||
Enterprise |
Micro |
Small |
Medium |
Total |
Q1 2018 |
1.45 |
3.00 |
3.38 |
7.83 |
Q2 2018 |
1.37 |
2.91 |
3.38 |
7.66 |
Q3 2018 |
1.39 |
2.98 |
3.32 |
7.68 |
Q4 2018 |
1.21 |
3.21 |
3.34 |
7.76 |
Q1 2019 |
1.11 |
3.47 |
3.57 |
8.15 |
Q2 2019 |
1.07 |
3.60 |
3.20 |
7.87 |
Q3 2019 |
1.29 |
3.83 |
3.63 |
8.75 |
Q4 2019 |
1.69 |
3.81 |
3.88 |
9.38 |
Q1 2020 |
1.74 |
4.23 |
3.71 |
9.68 |
Q2 2020 |
2.03 |
4.76 |
3.85 |
10.64 |
Q3 2020 |
1.86 |
5.17 |
3.73 |
10.75 |
Q4 2020 |
2.51 |
5.18 |
4.19 |
11.89 |
Q1 2021 |
2.79 |
5.63 |
4.55 |
12.97 |
Q2 2021 |
2.70 |
6.10 |
4.66 |
13.46 |
Q3 2021 |
2.77 |
6.61 |
4.78 |
14.16 |
Q4 2021 |
2.94 |
6.77 |
4.93 |
14.64 |
Q1 2022 |
3.15 |
7.22 |
4.90 |
15.27 |
Detail and Historical Data for Key Indices and Banks’ Comparisons
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