Saudi SMEs, micro firms receive SAR 113 bln credit facilities in Q2 2019

0

Credit facilities extended to small and medium enterprises (SMEs) and micro businesses jumped 12 percent year-on-year (YoY) to more than SAR 113 billion in Q2 2019, data from the Saudi Arabian Monetary Authority (SAMA) showed.

Banks accounted for SAR 105.16 billion worth of credit facilities, or 93 percent of total financing. Facilities given by financing institutions stood at SAR 7.87 billion, or 7 percent of total credit facilities.

Facilities extended 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

106.68

Q3

108.52

Q4

SMEs accounted for SAR 79.44 billion of Saudi banks’ facilities, with micro firms holding SAR 23.11 billion in the second 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

SMEs accounted for SAR 3.20 billion of financing institutions’ facilities, with micro firms representing SAR 3.60 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

 

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

LEAVE A REPLY

Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.