Financing of 3042 projects with 173 million diagrams

Thursday-2017-08-03

Bank for Social Development discloses statistics for the second quarter of 2017.

The spokesman of the Social Development Bank, Abdulaziz Al-Nasser, reported the results of the second quarter of the current year 2017 with regard to support and sponsorship of the small and emerging enterprise sector, with statistics showing the results of the second quarter of the 2017 disbursements of the Bank ' s funding to 3042 projects valued at over 173 million rials, 54 per cent growth in the number of projects over the second quarter of 2016 and 17 per cent growth in the value of funding.

The Nazarene reported a breakdown of project funding, where the share of emerging projects (1569) was 82.862.020), communications projects (1343) were worth R$ (60.006.800) and graduate projects (60) (4.354.350). Excellence projects amounted to 54 projects valued (21.454.274) and funding of existing projects (13) was R$4.530.817.