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He added that the proposed division could "be a single window system in which other supporting agencies such as the Human Resources Development Fund, Zakat department and the Saudi Credit Bank can have a presence.
8 million) in loans dispensed to 7,076 citizens, while the Saudi Credit Bank took similar action on loans of 120 million
3bn) in tranche payments to the Real Estate Development Fund (REDF) and the state-owned Saudi Credit Bank after King Abdullah exempt citizens from making payments for two years.
7bn) to a programme of interest-free loans for needy citizens to be made available through the Saudi Credit Bank.
The cabinet lauded the king's order to deposit SR10 bn in the account of the Saudi Credit Bank so that the latter could provide more loans to the poor.
75 billion) in the Saudi Credit Bank, which was established to extend interest-free loans to low-income citizens to help them overcome financial difficulties, other GCC countries may adopt the same line.
67bn) deposited in Saudi Credit Bank to facilitate lending to low income citizens amid a global financial crisis, Reuters has reported citing the official SPA news agency.
Saudi Credit Bank was set up more than 30 years ago to help Saudis who earn too little to get loans from commercial banks.