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United Commercial Bank Limited Joins 150 Other Financial Institutions to Promote SME Finance

Washington, D.C. December 11, 2018 – United Commercial Bank (UCB) Limited became the newest member of the SME Finance Forum, a global membership network that brings together financial institutions, technology companies, and development finance institutions to share knowledge, spur innovation, and promote the growth of SMEs. 

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Member News: Diamond Bank Takes Home the Women’s Market Champion Award
SME Finance Forum member Diamond Bank was awarded the Women’s Market Champion award from the Global Banking Alliance for Women. Diamond Bank was chosen for its outstanding impact on women development and for providing them with holistic solutions that meet their needs, according to the article. “This award lends credence to the work that Diamond...
Video: Head of Emerging Business at Diamond Bank Discusses SME Clinics in Nigeria
SME Finance Forum member Diamond Bank’s Head of Emerging Business Ayo Olojede, sits down with CNBC Africa to discuss the challenges SMEs face and how the SME Clinics in Nigeria are providing services to solve these issues. The most prominent issue SMEs are facing is access to finance, according to Olojede. There are challenges around interest...
Trefi Joins 150 Other Financial Institutions to Promote SME Finance
Washington, D.C. November 13, 2018 –  Trefi became the newest member of the SME Finance Forum, a global membership network that brings together financial institutions, technology companies, and development finance institutions to share knowledge, spur innovation, and promote the growth of SMEs. “200 million businesses worldwide need financing to...
Member News: QDB Launches The ‘Qatar National SME Definition’
SME Finance Forum member, Qatar Development Bank (QDB) launched the ‘SME Definition’ in partnership with the Ministry of Commerce and Industry in addition to a SportsTech Accelerator in the Middle East and Africa region. The Ministry of Commerce and Industry and QDB worked together to provide a cohesive definition for SMEs. According to the...
Member News: DBS and Go-Jek Partner to Launch Payment Services
SME Finance Forum member DBS is working with Go-Jek to launch an app in the coming weeks focused on payment services. According to the article, DBS customers in Singapore will benefit from the upcoming beta-ride hailing services. “As Singapore’s leader in payments with over four million debit and credit cards in circulation and ‘DBS PayLah!’ being...
Member News: DBS Launches New Digital Payment Solution for SMEs
SME Finance Forum member, Development Bank of Singapore (DBS) launched DBS MAX, a mobile-based QR code payment tool that allows SMEs to receive payments from consumers and business partners. According the article, the tool was created to encourage the implementation of ePayments among SMEs and solve SME-related issues managing cash flow and...
Member News: IDB Invest Focuses on the Private Sector
SME Finance Forum member, Inter- American Development Bank (IDB) will work through its “investment arm” IDB Invest to target the private sector. According to the article, IDB will focus on tourism, agribusiness, renewable energy and general manufacturing with a goal of bringing in US$3.5 billion in direct private sector capital. “The IDB Group...
World Bank Supports Finance Ministry’s Proposal for Exit Capital Tax for SMEs
The Finance Industry of Ukraine plans to introduce an exit capital tax for SMEs with an annual income of up to UAH 200 million. According to the article, replacing the profit tax by the exit capital tax for SMEs meeting the above criteria, is a way to cut the budget loss. With the support of the World Bank, the exit tax capital will avoid a threat...
Accion Finance Joins 150 Other Financial Institutions to Promote SME Finance
Washington, D.C. November 6, 2018 –  Accion became the newest member of the SME Finance Forum, a global membership network that brings together financial institutions, technology companies, and development finance institutions to share knowledge, spur innovation, and promote the growth of SMEs. “200 million businesses worldwide need financing to...
Member News: Over 200 SMEs Benefit from QDB’s Lending Scheme
SME Finance Forum member, Qatar Development Bank (QDB) impacted 298 Qatari SMEs by the disbursement of QR1.6bn from QDB through Al Dhameen. Al Dhameen, is an indirect loan facility programme that aims to motivate banks to offer financing to startups and SMEs that are unable to provide the necessary financing guarantees or collaterals, according to...