Pillars
Strategic Objectives
Funding the family needs by granting targeted and effective social loans that have a positive impact.
- Creating new targeted loans and programs that have an effective impact in addition to developing the current products.
- Increasing the efficiency of social loans collection.
Developing the microfinance sector and providing support to community associations and institutions in order to serve the targeted sectors.
- Providing financial support to the intermediary associations and institutions offering microfinance.
- Providing non-financial support for traditional charity associations to help them build their capabilities and shift from sponsorship-based to growth-based business model.
- Orientation, training and empowerment of the targeted sectors and supporting them to start their income-generating projects.
Encouraging the growth of savings
- Improving the financial culture and encouraging the family saving.
- Developing savings programs and products amongst the bank products.
Providing funding services for small-size projects.
- Enabling small-size enterprises and start-ups to obtain financial funding.
- Providing non-financial services and spreading financial awareness and entrepreneurial culture .
- Launching non-traditional solutions for developing funding avenues for entrepreneurs.
Developing an enabling environment.
- Improving the organizational and legislative environment of the sectors which the bank serves.
- Promoting and enhancing accountability and transparency.
- Enhancing partnerships, effective communication and positive perceptions.
Institutional excellence and increasing performance quality.
- Increasing the level of institutional excellence and the human capital.
- Improving the operational efficiency and digital transformation.
- Improving and developing asset and risk management.
The Most Prominent Indicators of the Bank Strategy
The bank was assigned to achieve the objective numbered 4.3.3. (Increasing the contribution of the productive families in the economy) which stems from the national transformation program. Therefore, the bank has created indicators that contribute to the achievement of this objective. They are as follows: You may click here to read them.
The High Strategic Impact Initiatives of the Bank
The bank works on making initiatives which contribute to achieving the maximum strategic impact in supporting businesses through the following:
Allocating a portfolio for industrial enterprises, logistic services and energy.
- Building a joint platform in collaboration with the Saudi Industrial Development Fund to support and finance the SMEs, bridge them to advanced stages and make them legible for obtaining the services of the Saudi Industrial Development Fund as large or small enterprises.
- The bank has signed an agreement with the Saudi Electricity Company to fund the incubated enterprises in the electric energy incubator.
- Launching a joint platform in collaboration with the Saudi Authority of Industrial Cities and Technology Zones to support small plants and ready-made warehouses in the industrial cities, particularly the ones in the least developed areas.
- Enabling start-ups and small enterprises to utilize investment opportunities in the field of petrochemicals with the aim of enhancing the local content
Allocating a portfolio to start-up technologies.
- In collaboration with the Ministry of Communications and Information Technology.
Future Initiatives
Developing and sponsoring the micro-enterprises and the productive families.
Offering financing solutions and products and non-financial services; and contributing to developing the infrastructure of the market.
Offering value-added financing for small enterprises and start-ups.
It includes offering financing solutions and products, non-financial services; and contributing to developing the infrastructure of the market.
Granting effective and targeted social loans that have high positive impact.
Developing serious products offering solutions that cater for the needs of the current stage in addition to building a platform for group innovation and maximizing the impact through collaboration with the government system.
Enhancing financial independence of individuals and families by promoting the culture of thrift and savings.
Promoting and increasing the financial culture and the awareness of savings, innovating savings products and encouraging the handling of thrift and savings instruments using financial technology.
Promoting the role of the branch.
- Shifting the branch from traditional work to a local business and development center that offers common work areas motivating entrepreneurs and enabling the non-profit sector.
- Re-qualifying the employees of the branch.
- Restructuring those branches into specific categories that fulfill their intended goals.
Bank Strategy Archive
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Bank Strategy 2018
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Bank Strategy 2017
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Bank Strategy 2016
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For More Information and Complaints
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Result: 4.3 (From 7 Ratings)