Credit facilities extended to micro, small and medium enterprises (MSMEs) rose by 52% year-on-year (YoY) to SAR 176.2 billion in Q3 2020, data from the Saudi Central Bank (SAMA) showed.
Banks accounted for SAR 165 billion worth of credit facilities, or 94% of total financing. Facilities given by financing institutions stood at SAR 11.2 billion, or 6% of total credit facilities.
Facilities Provided to MSMEs by banks and financing institutions (SAR bln) |
|||
Variation |
2020 |
2019 |
Period |
+19% |
134.90 |
113.17 |
Q1 |
+40% |
158.04 |
113.03 |
Q2 |
+52% |
176.20 |
115.61 |
Q3 |
-- |
-- |
117.33 |
Q4* |
* Updated data.
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* |
134.90* |
9.74* |
125.16 |
Q1 2020 |
158.04* |
10.64* |
147.40 |
Q2 2020 |
176.20 |
11.21 |
164.99 |
Q3 2020 |
*Updated data
Medium enterprises accounted for SAR 121.5 billion, or 74% of Saudi banks' facilities, with small enterprises holding around SAR 37.3 billion in the first quarter of the year.
Facilities Extended by Banks (SAR bln) |
||||
Total |
Medium |
Small |
Micro |
Period |
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 |
Small enterprises accounted for SAR 5.3 billion of financing institutions' facilities, with small enterprises representing around SAR 3.86 billion in the same period.
Facilities Extended by Financing Institutions (SAR bln) |
||||
Total |
Medium |
Small |
Micro |
Period |
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* |
9.74 |
3.71 |
4.27 |
1.76 |
Q1 2020 |
10.64 |
3.85 |
4.76 |
2.03 |
Q2 2020 |
11.21 |
3.86 |
5.32 |
2.03 |
Q3 2020 |
*Updated data.
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