Within a new appreciation achievement, Riyad Bank awarded excellence award presented by AsiaMoney as best bank for SMEs 2021 in Middle east and Saudi Arabia in the annual Excellence Awards of International Magazine, which considered as one of the most prominent international institutions specialized in providing reports and analyses on financial and investment markets for capital issuers, Borrowers, and investors.
Riyad Bank achieved These two awards after a tough judging panel by number of independents experts, specialists and consultants based on variety of objective and specific evaluation criteria that measure the nominee’s performance in award category.
These awards come to confirm the achievements and the qualitative development that Riyad Bank continue to meet it in the field of supporting SMEs, in addition, the qualitative solutions provided to SMEs owners in order to upgrade their enterprises activities, raise their production efficiency, and push their competitiveness towards an added value to the local economy, Riyad Bank has shown remarkable superiority in its adopted approach and in applied practical methods in this field, accordance with directions of Saudi Vision 2030 which set this sector as top priority due to its great impact on economy and community.
It’s worth to menschen that Riyad Bank continuous to adopt long-term strategies in supporting SMEs while applying periodical evaluations in order to guarantee continuous development, efficiency and competitiveness, At the same time, during this year, Riyad Bank still on the top of rank for the fourth year in a row in the list of the most institutions that supporting the SMEs in cooperation with the Kafalah Program , by acquiring the first rank in terms of the number of funders, as Riyad Bank financed 42% of the number of SMEs financed through banks under the Kafalah Program during the year 2020, these efforts and achieved accomplishments led Riyad Bank to won various awards such as excellence in performance in 2020 also ranked number one in financing SMEs in cooperation with the "Kafalah Program" for the second year in a row, Best Bank for SMEs 2021 presented by EuroMoney Which is considered one of the most prominent international institutions specialized in the sector of evaluating the performance of banks and financial institutions, this winning come for second year on the row.
Riyad Bank, in cooperation with the IFC, provides its customers with SMEs a platform that contains a comprehensive and expanded directory that provides them with many and varied models, software, research and information sources, as well as self-evaluation exercises and useful questions, with the aim of refining the administrative, marketing and financial skills of the owners and administrators of these enterprises to ensure the continuity of their business, development and enabling them to Effectively contributing to the national economy and achieving one of the most important goals of the Saudi Vision 2030, as it provides all its services through specialized branches located around the Kingdom and abroad, such as London, Houston, and Singapore these branches are managed by highly qualified professionals.