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.
“200 million businesses worldwide need financing to invest, grow and create new jobs. We are proud to have UCB join our network of 150 members who work to expand access to finance for small and medium businesses,” said Matthew Gamser, CEO of the Forum.
UCB began its journey in mid 1983 and has since been able to establish itself as one of the largest, first-generation banks in Bangladesh. With a vast network of 178 branches, UCB has already made a distinct mark in the realm of private sector banking through personalized service, innovative practices, dynamic approach and efficient management. UCB has expanded its arena in different and diverse segments of banking such as, retail banking, SME banking, corporate banking, off-shore banking, and remittance.
“The SME Finance Forum serves as a reputable resource that will contribute an expansive amount of knowledge to our institution, as we position ourselves to be a top leader in the banking sector,” said Mohammad Iqbal Hossain, Senior Executive Vice President & Head of SME Business.
Catering to export and import loan to deserving candidates, UCB supports the overall economy of the country through increased earning of foreign exchange.
UCB looks forward to exploring and expanding finance to SMEs through the Forum’s customized data analysis, networking events and study visits.
To see all SME Finance Forum members, please visit: https://www.smefinanceforum.org/members/member-list
About SME Finance Forum
The Forum operates 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. Its members share a common commitment to advancing finance so that small and medium enterprises can flourish and grow. The SME Finance Forum was established by the G20 Global Partnership for Financial Inclusion (GPFI) in 2012 and is managed by the International Finance Corporation (World Bank Group).
About UCB
UCB was founded in 1983 and includes 178 branches with a focus on private sector banking through personalized service, innovative practices, dynamic approach and efficient management. UCB offers services in retail Banking, SME banking, corporate banking, off-shore banking, and remittance. UCB is committed to promote the SME sector and is also assessing and tracking business loans, managing business financing risks, pricing products and working for further development of SMEs.
Media Contact
Carmen Smith
csmith11@ifc.org
