Investor Presentation - FY 2020
KSA Macroeconomic environment
Government programs
SAR 290+bn in combating adverse impact of COVID-19 on Saudi Economy
-
Corporate
Saudi Arabian Monetary Authority (SAMA)
To Private sector
SMEs Deferred Payments
Program extended till Q1
2020
SAR 13.2 bn
Funding for Lending
Program
SAR 0.8 bn
POS & E-commerce fees
SAR 6 bn
Loan Guarantee Program
Repo rate cut at 1.0%
Retail
Free transfers between local
banks
Revaluated internet rates and
other fees imposed on credit
cards
Refunded to the customers the
exchange commissions on
credit cards for canceled
travels
Raise the limit allowed for
payments via bank cards
through POS to be SAR 300
without pin number
Raise transfer limit for digital
wallets to SAR 20K
Postpone the instalments for 6
months without interest or
additional costs, for those
affected by losing their jobs
Extended pausing the practice of freezing Saudis customers'
accounts due to ID expiry until further notice.
Waived all fees on customers (corporate and retails) related to
refinance or loan settlement.
Provided all electronic channels from issuing and renewing
insurance policy and receiving various requests and inquiries from
customers.
Includes FY 2020 updates
-
Investor Presentation - FY 2020
To Banks
Postponed SAMA
supervisory Prudential
policy measures (SRVS
and ICAAP)
Postponed of new
regulations (Provisioning
methodology and Basel III
finalized reforms)
Requested banks to
engage with the external
Auditors to measure
Expected Credit Loss
(ECL) to be reasonable
and supportable
Extended the Foreign
Bank Branches
Regulations (FBBs)
execution
SAMA injected SAR 50
bn into the Banking
sector
Ministry of Finance
To Economy
To increase
Government Debt to
GDP up to 50%
Total of SAR 117 bn
to support Private
Sector
SAR 70 bn in Q1-20
✔SAR 47 bn in Q2-20
SAR 47 bn
to support health sector
USD 0.5 bn
to fund int'l efforts vs
Covid-19
30% off
to electricity bills for
commerce and industry
Defer SMEs installments
financed by
Development funds
Threshold for the 1st
home buyer VAT waiver
to SAR 1 mn
General Business
MOST
PROFITABLE
MOST
EFFICIENT
BANK OF
CHOICE
DIGITALLY
ENABLED
Ministry of
Interior
To extend Iqama and
visas for expats for
three months without
charge
Ministry of
Municipal and
Rural Affairs
1,400 economic
entities
to delay services fees
payments for 3
months
Ministry of
Commerce
To delay 116
thousand
commercial license
renewal fees for 90
days
Saudi Customs
Postponing the
collection of custom
duties for one month
Saudi Human
Resources
Development Fund
SAR 5.3 bn
to support private sector
to employ and for training
General Authority of
Zakat and Tax
To delay submission of
declarations and payment of
Zakat and VATS
Replacing 15% VAT on real
estate transaction with 5%
sales tax
Saudi Financial
Support Services
SAR 9 bn
to cover 60% of salaries in
the private sector
Social Development
Bank
SAR 12 bn
to support households and
SMES
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