Saudi Credit & Savings Bank released FY14 results, which reflected remarkable growth in project financing through Masarat program as well as social financing compared with a year earlier.
The bank offered 312.182 loans in 2014, representing social loans and other facilities offered to finance productive projects at a total value of more than SAR 18 billion.
Spokesman Abdulaziz Al-Nassir said the lender financed 2.607 small and medium-sized enterprises (SMEs) with SAR 497.3 million.
Source:
Mubasher