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Credit & Savings Bank grants SAR 18bn loans in 2014

Credit & Savings Bank grants SAR 18bn loans in 2014
Saudi Credit & Savings Bank

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.