Saudi MSMEs receive over SAR 200 bln credit facilities in Q3 2021

12/12/2021 Argaam Special

Saudi Arabian banknotes


Credit facilities extended to micro, small and medium enterprises (MSMEs) rose by 14% to SAR 200.4 billion in Q3 2021, from SAR 175.7 billion in Q3 2020, data from the Saudi Central Bank (SAMA) showed.

 

Accordingly, the value of the facilities provided to MSMEs exceeds SAR 200 billion for the first time since start of publishing data by SAMA.

 

Banks accounted for SAR 186.2 billion worth of credit facilities, or 93% of total financing. Facilities given by financing institutions stood at SAR 14.2 billion, or 7% of total credit facilities.

 

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

Variation

2021

2020

Period

+40%

188.43

134.84

Q1

+25%

198.22

158.04

Q2

+14%

200.37

175.74

Q3

--

--

182.24

Q4

 

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

7.76

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

117.35

9.38

107.97

Q4 2019

134.84

9.68

125.16

Q1 2020

158.04

10.64

147.40

Q2 2020

175.74

10.75

164.99

Q3 2020

182.24

11.89

170.35

Q4 2020

188.43

12.97

175.46

Q1 2021

198.22

13.46

184.76

Q2 2021

200.37

14.16

186.22

Q3 2021

 

Medium enterprises accounted for SAR 130 billion, or 70% of Saudi banks' facilities, while small enterprises held around SAR 45.1 billion in the third 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

147.40

110.80

31.28

5.33

Q2 2020

164.99

121.54

37.26

6.20

Q3 2020

170.35

123.26

39.92

7.18

Q4 2020

175.46

127.45

39.67

8.34

Q1 2021

184.76

132.11

44.18

8.47

Q3 2021

186.22

129.99

45.08

11.14

Q3 2021

 

Small enterprises accounted for SAR 6.61 billion of financing institutions' facilities, with medium enterprises representing around SAR 4.78 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

7.76

3.34

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

9.38

3.88

3.81

1.69

Q4 2019

9.68

3.71

4.23

1.74

Q1 2020

10.64

3.85

4.76

2.03

Q2 2020

10.75

3.73

5.17

1.86

Q3 2020

11.89

4.19

5.18

2.51

Q4 2020

12.97

4.55

5.63

2.79

Q1 2021

13.46

4.66

6.10

2.70

Q2 2021

14.16

4.78

6.61

2.77

Q3 2021

 

Details and historical data of banks' key indicators and comparisons

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