The bank’s financing portfolio increased by (30%)

The Board of Directors of the Social Development Bank held its third meeting for the year (1440-1441) (2019 AD) on January 30, 2019. The Board considered a number of topics on its agenda, related to the bank’s strategy and sustainability. Finance The Board also reviewed a number of presentations related to the bank's activity and the growth rate achieved by the bank's financing portfolio (productivity and social), as the total financing volume by the end of August 2019 reached 3.1 billion. riyals, which benefited (70) thousand borrowers, achieving a growth rate of up to (30%) compared to the volume of financing achieved at the end of the year (2018).

And also what is related to the growth in the savings of bank customers participating in the (Zod) savings program for social loans, as the number of savers reached more than Of (16) thousand subscribers, the total value of their savings amounted to more than (50) million riyals. The council was also informed of the bank’s readiness to launch two new products, one of which is (Zod savings product directed to productive families), and the other. (Nafath product also directed to productive families and freelancers), which is a direct financing platform that provides financing products to entrepreneurs.