Bahrain Development Bank joins the SME Finance Forum to promote the growth of SMEs in the Kingdom of Bahrain and boost the local economy.
Washington D.C., July 5ht, 2021- Bahrain Development Bank joins the SME Finance Forum as the newest member of our global membership network. Our members are SME Financing experts from 80+ countries who share the common goal of expanding access to finance to small businesses worldwide through knowledge exchange and innovation.
“When we started in 2012, we were in an exploratory phase for the first few years. Since 2016, we’ve been implementing our mission to build a global membership to support better SME financing, and since then, we’ve established a network with over 220 active member institutions, which operate in over 190 countries sharing the common purpose of helping under-served enterprises. We are delighted to welcome Bahrain Development Bank to further grow our mission.” said Matthew Gamser, CEO of the SME Finance Forum.
Bahrain Development Bank adopts dynamic and effective strategies for stimulating entrepreneurial activities. Focusing on facilitating SMEs’ development, they have been promoting entrepreneurship and innovation in the Kingdom of Bahrain by encouraging professionals, enterprising women and ambitious youth, who demonstrate strong business acumen and leadership qualities in boosting the growth and prosperity of SMEs.
“Our vision is to support projects that yield substantial economic, social, and environmental benefits. Bahrain Development Bank thinks highly of its opportunity to connect with peer institutions and learn about practices from global policymakers and regulators in the field of SME financing. We also look forward to sharing our experience and learnings from Bahrain on this platform,” said Sanjeev Paul, CEO of Bahrain Development Bank.
About SME Finance Forum
The SME Finance Forum was established by the G20 Global Partnership for Financial Inclusion (GPFI) in 2012 as a knowledge center for data, research, and best practice in promoting SME finance. As an implementing partner for the GPFI, the International Finance Corporation (IFC) was tasked with managing the initiative. To see all SME Finance Forum members, please visit: https://www.smefinanceforum.org/members/member-list
About Bahrain Development Bank
Bahrain Development Bank has been operating as a specialist Bank since 1992. In addition to encouraging and supporting entrepreneurship activities in the Kingdom of Bahrain, Bahrain Development Bank focuses on financing and developing SMEs that yield substantial economic, social, and environmental benefits. Read more at https://www.bdb-bh.com
Media Contact
smefinanceforum@ifc.org
