The bank's finance portfolio grew by 30%

Monday-2019-10-07

The Board of Directors of the Bank for Social Development held its third meeting (1440-1441) (2019m) on 30 - 2019. The Board considered a number of topics on its agenda, relating to the Bank ' s strategy and financial sustainability, and a number of offers on the Bank ' s activity and growth rate achieved by the Bank ' s portfolio (productivity and social), from which total funding grew by the end of August (2019m) (30% billion rials).

As for the growth of Bank clients ' savings on social loans, with savings at the end of August 2019, more than 16 thousand subscribers, the total value of their savings was more than 50 million rials, and the Board was informed of the Bank ' s readiness to launch two new producers, one (the producer ' s income supply product for productive families) and the other (a direct product for families).