cat/capacity-building
Join the Global SME Finance Forum 2018 on November 5 to access study visits to financial institutions and fintechs that have best in class, innovative ways of serving SMEs clients.
BBVA: Commercial Bank – Second largest bank in Spain – Banking, insurance and asset management
There is not just one "missing middle" but rather multiple missing middles in terms of the financing needs for the diverse types of small and growing businesses (SGBs) in emerging and frontier markets.
BBVA is Spain’s second largest bank and an innovative global financial group that provides financial services in more than 30 countries to 72 million customers, of which SMEs is a very important client segment. In recent years, the bank has reinvented itself as a digital business, and it aims to be as nimble as a fintech.
The Future of Business Survey in collaboration with Member World Bank, Facebook and OECD provides monthly data on the economic environment for SMEs around the world. Key findings in the publication included:
A packaged financial solution, launched by Co-operative (Co-op) Bank of Kenya, will go towards supporting MSMEs.
Co-op Bank of Kenya has worked with the International Finance Corporation (IFC) over the past year, to understand the inner-workings of the MSME business segment to improve MSMEs. Co-op Bank will offer training programs, forums and financial tools to build and grow “world class entrepreneurs,” according to the article.
Bank of Palestine was established in 1960 to serve Palestinians of all socio-economic groups. With a network of 70 branches, 31 percent market share of deposits, 33 percent market share of loans and more than 890,000 customers, the bank serves retail, corporate, small and medium enterprises, microenterprises, and the Palestinian diaspora. The bank has been listed on the Palestine Exchange since 2005, and it is the second largest listed company.
SME expert and Forbes contributor Elaine Polfeldt provides tips and tools to help SMEs beat the odds of financial downfall within the first and fifth year of business. Polfedt, says making a financial plan in advance to prevent unfavorable results is key. She mentions utilizing financial software tools such as, Quickbooks, PayPie and Xero (a SME Finance Forum member) to help with examining finances.
Take a look below for helpful tips:
Dev Raman, Managing Partner at Lastaki shares how to make the many moving parts to an SMEs financial area come together smoothly. Financial stability is key for SMEs, five tips on how to address financial indiscipline are below:
A few years ago, about two million people were unbanked worldwide. The World Bank is working to bridge that gap through a commitment to universal access to financial services by 2020. IFC Vice President Karin Finkelston says the segments that should be focused on are youth, women, rural populations and smallholder farmers.
SME Finance Forum BRAC Bank has celebrated the first anniversary of the launch of its comprehensive Women’s Banking solutions ‘TARA’.
Selim RF Hussain, Managing Director and CEO, BRAC Bank, and senior officials were present at the programme to mark the occasion at the bank’s head office on May 8. BRAC Bank is the first bank to launch a women banking proposition with a 360 degree approach to appreciate the contribution of women of the country.
