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

SMEs Receive €475 Million in Loan Support from the European Union
The head of the EU delegation to Egypt, Ambassador Ivan Surkoš reported the European Union (EU), with support from European financial institutions will provide €475 million in loans to support SMEs. EU launched the ‘EU Facility for Inclusive Growth and Job Creation,’ which aims to provide an environment of business creation and economic...
Central Bank of Nigeria Emphasizes Increase for Credit Culture for SMEs
During a workshop for SMEs, hosted by the Bankers’ Committee, Central Bank of Nigeria’s (CBN) Senior Manager for the Development Finance Department, Chinedu Zephaniah shared that poor business habits and fragile financial systems have made it complicated to support SMEs. “At the moment, we have disbursed N170 billion to support SMEs but the...
Member News: Industry Partner GBA for Women Features Diamond Bank's Digital Innovation
Industry Partner GBA for Women says that digital solutions for product distribution are rapidly increasing banks’ ability to reach the unbanked – a segment disproportionately made up of women. During the recent All-Stars Academy in South Africa, GBA heard from two of its members who are making huge strides in this area: Diamond Bank of Nigeria -...
Financial Inclusion for SMEs is at the Core of the Economy's Potential
Financial inclusions is one of the largest challenges SMEs face today. In part two of Dhaka Tribune’s “At the Core of Our Potential” series, banker, Tarique Afzal sheds light on why this area is restricted for SMEs. · Banks are more focused on urban-based lending · Banks are at times reluctant to delegate to rural branch levels · Lack of interest...
How Paypal Became Small Business Owner (and Industry Luminary) Jim Marous' Primary Bank
Jim Marous is co-publisher of The Financial Brand and publisher of the Digital Banking Report , a subscription-based publication that provides deep insights into the digitization of banking, with over 150 reports in the digital archive available to subscribers. As a small business owner, Jim Marous shares why PayPal became his primary financial...
Credit Card Business on the Decline
A Wall Street Journal (WSJ) analyst says that credit card lenders are feeling the pinch as loan losses and rewards expenses rise. Rising loan losses and increased rewards expenses are putting pressure on card lenders’ returns. The result is that one of the most profitable consumer-lending categories in recent years may become more of a middling...
Deputy Governor of Bank of Ghana Elsie Addo Awadzi Discusses Sustainable SME Finance in Ghana
Deputy Governor of Bank of Ghana (BoG) Elsie Addo Awadzi, recently shared her perspective on financial inclusion and the pillars of sustainable SME finance with the Alliance for Financial Inclusion (AFI) in Kuala Lumpur. She shares what her three key lessons are for the best way to make SME finance sustainable in Ghana, regulations role, how SME...
With a High Loan Approval Rate, Alternative Lenders Are Easing the Credit Burden on Small Businesses
MEDICI's Diwakar Mandal shares the factors of a strong economic growth, rising interest rates, and a growing digitization in the lending space by the emergence of alternative lenders that have been key drivers of growth in SME lending. He says, banks have traditionally been a custodian of customer relationships in the SME lending space. However,...
2 Months In To Open Banking: What’s Changed So Far?
Oscar Sala, VP of Product Strategy at Strands, Member of the Board of Mobey Forum and co-chair of their Open Banking Working Group, has extensive experience in digital transformation in retail and corporate banking, contributing in particular to the transformation of several companies within Grupo Caixabank, where he was instrumental in the...
India's Economic Survey 2017-18
The Economic Times review of the Economic Survey 2017-18 says that the amount of credit or loans disbursed by banks amounted to Rs 26,041 billion as on November 2017, but 82.6% of this was pocketed by large enterprises. For millions of SMEs in the country, banks only lent out 17.4 % of the total credit. Learn more about the survey and how MSME...