Prudential Return on Small and Medium Enterprises (SMEs)
No: 331000014849 Date(g): 22/4/2012 | Date(h): 1/6/1433 It is generally accepted that Small and Medium Enterprises (SMEs) have great impact on the economic development in an economy. SMEs are not only a new source of employment, but also help develop managerial skills, create favorable economic environment and enhance competition. The importance of SMEs for further development of Saudi economy has been recognized by the Saudi Government and has also been emphasized in the 5-year national plans.
In order to determine the flow of financing to this important sector of the economy, the Agency wishes to collect quarterly information through the attached prudential return #Q.18 on the SMEs. The information to be provided includes the total credit facilities, as well as that component of the portfolio which is under the Guarantee Fund program (Kafalah Fund) operated by the Saudi Industrial Development Fund (SIDF).
For the purpose of these Returns, SAMA is adopting the following definitions:
1. Small Enterprises: Any Enterprise designed to generate profit with a maximum annual turnover of SR 30,000,000 (Only Thirty Million Saudi Riyals). This definition is also used by the SIDF and by the Saudi Credit Bureau (SIMAH). 2. Medium Enterprises: Any Enterprise designed to generate profit with a maximum annual turnover of SR 100,000,000 (Only One Hundred Million Saudi Riyals).
The Banks are required to complete items 2 and 3 of this return effective 1st July 2012 and submit the quarterly Prudential Return from the quarter ending 30 September 2012, within 30 calendar days of the end of the quarter. For item 1, the Banks are required to complete this section from 1st January 2013 and submit it as at 31st March 2013. This extra period is being granted to facilitate the development and implementation of systems to collect this data.
SAMA Banking Supervision Department Prudential Returns on Small and Medium Size Enterprises Data as at the End of (xxx)
Q.18
SMALL MEDIUM Value in SR Millions No. of Accounts Value in SR Millions No. of Accounts 2012 2011 2012 2011 2012 2011 2012 2011 1 Funding _____ _____ _____ _____ _____ _____ _____ _____ 1.1 Demand Deposits _____ _____ _____ _____ _____ _____ _____ _____ 1.2 Savings Deposits _____ _____ _____ _____ _____ _____ _____ _____ 1.3 Time Deposits _____ _____ _____ _____ _____ _____ _____ _____ 1.4 Others _____ _____ _____ _____ _____ _____ _____ _____ 1.5 Total Deposits _____ _____ _____ _____ _____ _____ _____ _____ 1.6 Type of Customer _____ _____ _____ _____ _____ _____ _____ _____ 1.6.1 Sole Proprietor _____ _____ _____ _____ _____ _____ _____ _____ 1.6.2 Partnership _____ _____ _____ _____ _____ _____ _____ _____ 1.6.3 Joint Stock Company _____ _____ _____ _____ _____ _____ _____ _____ 2. Assets _____ _____ _____ _____ _____ _____ _____ _____ 2.1 Credit Facilities (Outstanding) _____ _____ _____ _____ _____ _____ _____ _____ 2.1.1 Bill's discounted _____ _____ _____ _____ _____ _____ _____ _____ 2.1.2 Overdrafts _____ _____ _____ _____ _____ _____ _____ _____ 2.1.3 Loans and advances _____ _____ _____ _____ _____ _____ _____ _____ 2.2 Off Balance Sheet Items (Outstanding) _____ _____ _____ _____ _____ _____ _____ _____ 2.2.1 Letters of Credit1 _____ _____ _____ _____ _____ _____ _____ _____ 2.2.2 Guarantees' _____ _____ _____ _____ _____ _____ _____ _____ 2.2.3 Commitments' _____ _____ _____ _____ _____ _____ _____ _____ 2.2.4 Others _____ _____ _____ _____ _____ _____ _____ _____ 2.2.5 Total of 2.2 _____ _____ _____ _____ _____ _____ _____ _____ 2.3 Total of 2.1 and 2.2 _____ _____ _____ _____ _____ _____ _____ _____ 2.4 Credit Facilities by Sectors _____ _____ _____ _____ _____ _____ _____ _____ ■ Agriculture and Fishing _____ _____ _____ _____ _____ _____ _____ _____ ■ Manufacturing and Processing _____ _____ _____ _____ _____ _____ _____ _____ ■ Mining and Quarrying _____ _____ _____ _____ _____ _____ _____ _____ ■ Electric, Water, Gas, Health Services _____ _____ _____ _____ _____ _____ _____ _____ ■ Building and Construction _____ _____ _____ _____ _____ _____ _____ _____ ■ Commerce _____ _____ _____ _____ _____ _____ _____ _____ ■ Transport and Communication _____ _____ _____ _____ _____ _____ _____ _____ ■ Finance _____ _____ _____ _____ _____ _____ _____ _____ ■ Services _____ _____ _____ _____ _____ _____ _____ _____ ■ Miscellaneous (Retail) _____ _____ _____ _____ _____ _____ _____ _____ 2.5 Provisions for Losses (outstanding balance)2 _____ _____ _____ _____ _____ _____ _____ _____ 2.6 Non-performing Credits _____ _____ _____ _____ _____ _____ _____ _____ 3. SIDF Loan Guarantee Program _____ _____ _____ _____ _____ _____ _____ _____ 3.1 Outstanding Loans and Advances _____ _____ _____ _____ _____ _____ _____ _____ 3.2 Loan Defaults (during the period) _____ _____ _____ _____ _____ _____ _____ _____ 3.3 Losses taken by the Bank (during the period) _____ _____ _____ _____ _____ _____ _____ _____ 3.4 Losses taken by the SIDF (during the period) _____ _____ _____ _____ _____ _____ _____ _____ 1 Note: number of Accounts at the end of the period.
2 Note: Specific ProvisionsSAMA Banking Supervision Department Small and Medium Size Enterprise
Guidance Notes
1. This return is to be completed by All Banks in Saudi Arabia and submitted to Saudi Central Bank, Director of Banking Supervision Department, on a quarterly basis within 30 calendar days from the end of the quarter.
2. Banks that are not receiving funding or are not lending to SMEs may submit a Nil Return.
3. Funding:
2.2.1 to 2.2.4 These may be number of accounts outstanding at the end of the period.
4. 2.5 These are outstanding specific Provisions for losses on SME portfolio.
5. 3.2 This line is for loan default during the reporting year.
6. The Amounts or values or account numbers reported should be as of and outstanding at the Quarter end. For period end numbers, these should be accumulated on a year-to-date basis. (For example, in case of a 30 June reporting period, the as of balance at 30 June should be reported. The periodend numbers should be year-to-date for the six months.)
7. No comparatives are required in the first year of reporting.
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