Saudi Arabian banknotes
Credit facilities extended to micro, small and medium enterprises (MSMEs) rose by 14% to almost SAR 228.03 billion in Q3 2022, from SAR 200.40 billion in Q3 2021, data from the Saudi Central Bank (SAMA) showed.
Banks accounted for SAR 212.6 billion worth of credit facilities, or 93% of total financing. Facilities given by financing institutions stood at SAR 15.5 billion, or 7% of the total.
The following table shows development in credit facilities provided to MSMEs from banks and financing companies:
|
Credit Facilities Provided to MSMEs from Banks & Financing Firms (SAR bln) |
|||
|
Change |
2022 |
2021 |
Period |
|
+16% |
218.68 |
188.43 |
Q1 |
|
+11% |
221.00 |
198.22 |
Q2 |
|
+14% |
228.03 |
200.37 |
Q3 |
|
-- |
-- |
203.23 |
Q4 |
The table below indicates details of credit facilities provided to MSMEs by sector:
|
Credit Facilities Extended to MSMEs (SAR bln) |
|||
|
Change |
Financing Institutions |
Banking Sector |
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 |
|
203.23 |
14.64 |
188.59 |
Q4 2021 |
|
218.68 |
15.27 |
203.41 |
Q1 2022 |
|
221.00 |
15.39 |
205.61 |
Q2 2022 |
|
228.03 |
15.47 |
212.57 |
Q3 2022 |
Medium enterprises accounted for SAR 136.6 billion, or 64% of Saudi banks' facilities, while small enterprises held around SAR 61.6 billion in the third quarter of the year, as shown below:
|
Facilities Extended from Banking Sector (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 |
Q2 2021 |
|
186.22 |
129.99 |
45.08 |
11.14 |
Q3 2021 |
|
188.59 |
128.64 |
50.59 |
9.37 |
Q4 2021 |
|
203.41 |
135.54 |
54.04 |
13.83 |
Q1 2022 |
|
205.61 |
134.88 |
55.78 |
14.94 |
Q2 2022 |
|
212.57 |
136.64 |
61.55 |
14.37 |
Q3 2022 |
Small enterprises accounted for SAR 7.17 billion of financing institutions' facilities in Q3 2022, with medium enterprises representing around SAR 4.87 billion in the same period, as follows:
|
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 |
|
14.64 |
4.93 |
6.77 |
2.94 |
Q4 2021 |
|
15.27 |
4.90 |
7.22 |
3.15 |
Q1 2022 |
|
15.39 |
4.97 |
7.26 |
3.17 |
Q2 2022 |
|
15.47 |
4.87 |
7.17 |
3.42 |
Q3 2022 |
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