SNB supports the micro, small, and medium enterprises (MSME) sector through a number of initiatives and financing programs. The Bank has acquired a large share of the financing facilities provided to this segment within several programs, including the Government's program. SNB has been ranked as the largest Saudi bank in terms of the value of Kafala guarantees provided to MSME clients, being one of the leading banks that empower MSMEs to play their role in supporting economic stability.
In view of the extreme importance of this segment, SNB developed an internal MSME Portfolio Monitoring Committee that convenes monthly and is headed by the GCEO to support the MSME sector. Furthermore, the Bank reorganized the MSME team to increase efficiency. Two specialized departments were established to focus on servicing this segment effectively.
Given the promising future of this sector, SNB has adopted strategies to measure the quality and efficiency of services provided, including specialized financing program run by specialized teams of high expertise in the field.
SNB MSME Enterprises Program
As part of SNB continuous efforts to achieve Kingdom's 2030 vision to support and develop MSMEs, and in line with the Bank's vision for the vital activities of the Saudi economy, SNB launched a campaign to support MSMEs being the pioneer bank in the market.
The campaign targets MSMEs with different sectors targeted by Kingdom's Vision 2030, due to its importance in eco-system development.
It also aims at increasing the awareness of business owners with SNB support to develop their businesses, which includes:
Diversified financing solutions to enable business owners to expand their enterprises;
Training and development of business owners to help them better manage their businesses;
State-of-the-art digital banking solutions to automate their daily operations.
Now, it is your chance to open new horizons of your business to grow and expand.
Apply Now through this link.