Credit facilities extended to small and medium enterprises (SMEs) and micro businesses jumped 8% year-on-year (YoY) to around SAR 117.3 billion in Q4 2019, data from the Saudi Arabian Monetary Authority (SAMA) showed.
Banks accounted for SAR 107.97 billion worth of credit facilities, or 92% of total financing. Facilities given by financing institutions stood at SAR 9.29 billion, or 8% of total credit facilities.
|
Facilities provided to SMEs and Micro businesses by Banks and Financing Institutions (SAR bln) |
|||
|
Variation |
2019 |
2018 |
Period |
|
+18% |
113.17 |
95.68 |
Q1 |
|
+12% |
113.03 |
101.26 |
Q2 |
|
+8% |
115.61 |
106.68 |
Q3 |
|
+8% |
117.26 |
108.52 |
Q4 |
SMEs accounted for SAR 81.44 billion of Saudi banks' facilities, or 75%, with micro firms holding SAR 23.01 billion in the fourth quarter of the year.
|
Facilities extended to SMEs and Micro Businesses (SAR bln) |
|||
|
Variation |
Financing Institutions |
Banks |
Period |
|
95.68 |
7.83 |
87.84 |
Q1 2018 |
|
101.26 |
7.66 |
93.60 |
Q2 2018 |
|
106.68 |
7.68 |
99.00 |
Q3 2018 |
|
108.52 |
7.75 |
100.76 |
Q4 2018 |
|
113.17 |
8.15 |
105.02 |
Q1 2019 |
|
113.03 |
7.87 |
105.16 |
Q2 2019 |
|
115.61 |
8.75 |
106.86 |
Q3 2019 |
|
117.26 |
9.29 |
107.97 |
Q4 2019 |
SMEs accounted for SAR 3.72 billion of financing institutions' facilities, with micro firms representing around SAR 3.95 billion in the same period.
|
Facilities Extended by Banks (SAR bln) |
||||
|
Total |
Medium |
Small |
Micro |
Enterprise |
|
87.84 |
61.62 |
22.01 |
4.22 |
Q1 2018 |
|
93.60 |
69.10 |
20.82 |
3.69 |
Q2 2018 |
|
99.00 |
73.22 |
21.80 |
3.97 |
Q3 2018 |
|
100.76 |
74.76 |
22.31 |
3.70 |
Q4 2018 |
|
105.02 |
79.17 |
22.98 |
2.87 |
Q1 2019 |
|
105.16 |
79.44 |
23.11 |
2.61 |
Q2 2019 |
|
106.86 |
80.84 |
22.97 |
3.05 |
Q3 2019 |
|
107.97 |
81.44 |
23.01 |
3.53 |
Q4 2019 |
|
Facilities Extended by Financing Institutions (SAR bln) |
||||
|
Total |
Medium |
Small |
Micro |
Enterprise |
|
7.83 |
3.38 |
3.00 |
1.45 |
Q1 2018 |
|
7.66 |
3.38 |
2.91 |
1.37 |
Q2 2018 |
|
7.68 |
3.32 |
2.98 |
1.39 |
Q3 2018 |
|
7.75 |
3.33 |
3.21 |
1.21 |
Q4 2018 |
|
8.15 |
3.57 |
3.47 |
1.11 |
Q1 2019 |
|
7.87 |
3.20 |
3.60 |
1.07 |
Q2 2019 |
|
8.75 |
3.63 |
3.83 |
1.29 |
Q3 2019 |
|
9.29 |
3.72 |
3.95 |
1.62 |
Q4 2019 |
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