Saudi MSMEs receive SAR 228 bln credit facilities in Q3 2022

07/02/2023 Argaam Special
Saudi Arabian banknotes

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

 

 

Details and Historical Data of Banks' KPIs

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