JEDDAH: The Saudi Saving and Credit Bank (SCB) has granted SR 4.7 billion in loans since the beginning of 2012 according to its director.
“The bank has witnessed massive developments since its inception,” said director Dr. Abdulaziz Al-Hunaishil. “It has been improved in terms of supporting citizens by financing small projects through social loans,” he said in a speech Sunday on the occasion of Saudi National Day.
The leadership had planned for the current stage and has since spent generously on establishing a strong economy, he said, adding that the bank has coped with modern technology and depended completely on it. It launched the new loan system program that expedites the processing of applicants’ documents and shortens waiting lists.
It is also seeking to benefit from international experiences in the field of developing small enterprises.
The bank has also sought the assistance of international bodies to develop its programs and procedures.
Since the beginning of 2012, the bank spent financed 2,369 entrepreneurs with more than SR187 million and granted social loans worth more than SR4.5 billion to more than 130,173 citizens for marital, family and house restoration purposes.
“The bank is working on accomplishing larger achievements in the service of citizens,” said Al-Hunaishi.
SCB grants more than SR 4 bn in loans
