Articles

Banque du Caire CEO Shares Their Strategy for SME Financing

Banque du Caire has embarked on a five-year transformation strategy that includes regional expansion, strengthening its digital platform and boosting SME financing and financial inclusion. This interview with the CEO Tarek Fayed, shares how the bank is expanding its SME loan and microfinance portfolios.

Articles

Articles

Agro-SMEs Benefit From Matching Grant Support Scheme
The Fiji Development Bank (FDB) and the Ministry of Agriculture signed a memorandum of understanding (MOU) on a matching grant scheme to support SMEs focused on agriculture. According to the article, SMEs can receive access to grant finance of up to $50,000 and loan funding of up to $100,000. Areas that are included to benefit from this scheme are...
Terrence Teoh, SME Banking Head at Hong Leong Bank, Said SMEs Should Expand Search for Funding
Interview with Terrence Teoh, SME banking head at Hong Leong Bank, recently named the best SME bank in Malaysia by The Asian Banker. “For SMEs to expand, it is not only funding that is important,” said Terrence Teoh, the head of group SME banking at Hong Leong Bank Bhd (HLB). “Of course funding matters, but on top of that, how you collect your...
Bitbond CEO Talks Innovation in the Lending Industry
Radoslav Albrecht is the Founder and CEO of Bitbond, a global lending platform for small business loans. The SME Finance Forum member, leverages blockchain technology to connect creditworthy borrowers with individual and institutional investors. Recently, Anthony Manfre interviewed Radoslav to learn more about how Bitbond is leading innovation in...
4 Lessons for Bank Executives from Uber and Amazon on Customer Experience
Businesses such as Amazon and Uber have created successful customer experience models. In this blog, the author shares his common denominators that the financial industry should pay close attention to 1. Be customer experience obsessed. A study found that 68% of millennials have stopped doing business with a brand due to a single poor customer...
Finding New Ways to Lend More to Health SMEs in Africa
“It’s one thing to offer universal healthcare to your citizens. But the next question is ‘okay, where can I go,’” said Bart Schaap, Chief Financial Officer at Medical Credit Fund (MCF). The region suffers from a dearth of healthcare facilities, especially ones that provide quality care. For Schaap, the solution is obvious: “If you want to address...
A New Leasing Market in Haiti Means New Hope for SMEs
An IFC team worked with World Bank colleagues to create a new market for leasing in Haiti and address the problems SMEs have accessing finance. The project exemplifies the Maximizing Finance for Development (MFD) approach: a private-sector solution made possible by public-sector interventions. Team members relied on lessons learned from previous...
Global Remittances Are On The Rise
Global remittances are expected to rise from $468 billion in 2010 to $667 billion in 2019 along with new investment channels bringing in an extra $73 billion a year in Commonwealth countries. Crowdfunding platforms have the potential to make a significant difference for SMEs in developing countries, however rules and regulations around...
EBRD Provides A €10 Million Loan To Sparkasse Banka Makedonija
Through the European Bank for Reconstruction and Development’s Western Balkans SME Competitiveness Support Programme the Sparkasse Banka Makedonija will receive a €10 million loan to boost lending for SMEs. According to the article, the loan is aimed at improving the competitiveness of local companies, with at least 60 percent of the funds aimed...
Bank Interest Rates on the Rise
According to a report by report from the Hồ Chí Minh Securities Company, interest rates have risen by 0.46 percent for short-term loans, they are now 7 to 9 percent and for medium and long-term loans 9 to 12.5 percent. According to the article, this increase is being used in the hopes of reducing money supply to tackle inflation. A strict monetary...
Effective Risk Assessment Models and Alternative Data Proves Beneficial for Retail Lenders
Effective risk assessment is instrumental in the lending business. According to Medici, technology companies are creating risk assessment models with increasingly inclusive variables that are allowing lenders to reach the previously unbankable population. Alternative data can improve risk assessment for retail lenders. According to the article,...