Saudi MSMEs get SAR 135.1 bln credit facilities in Q1 2020

06/07/2020 Argaam Special

 

Credit facilities extended to micro, small and medium enterprises (MSMEs) rose by 19% year-on-year (YoY) to SAR 135.1 billion in Q1 2020, data from the Saudi Arabian Monetary Authority (SAMA) showed.

 

Facilities Provided to MSMEs by banks and financing institutions  (SAR bln)

Variation

2020

2019

Period

+19%

135.06

113.17

Q1

--

--

113.03

Q2

--

--

115.61

Q3

--

--

117.33

Q4*

 * Updated data.

 

Banks accounted for SAR 125.2 billion worth of credit facilities, or 93% of total financing. Facilities given by financing institutions stood at SAR 9.9 billion, or 7% of total credit facilities.

 

Facilities extended to MSMEs (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

117.33

9.36

107.97

Q4 2019*

135.06

9.90

125.16

Q1 2020

 

*Updated data

 

Medium enterprises accounted for SAR 93.92 billion, or 75% of Saudi banks' facilities, with small enterprises holding around SAR 27.5 billion in the first quarter of the year.

 

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

125.16

93.92

27.47

3.78

Q1 2020

 

Medium enterprises accounted for SAR 3.75 billion of financing institutions' facilities, with small enterprises representing around SAR 4.3 billion in the same period.

 

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

9.36

3.76

3.94

1.66

Q4 2019*

9.90

3.75

4.30

1.84

Q1 2020

*Updated data.

 

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