News

Mohammad Bin Rashid Fund Partners With Metis Consultancy To Support SMEs

The Mohammed Bin Rashid Fund (MBRF), a fund established by H.H. Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister and Ruler of Dubai to finance the UAE's youth and SME projects, has now set up a post-fund monitoring service for its portfolio companies.

News

News

Tencent Credit Score Launching Soon On WeChat & QQ
Tencent credit ratings will be available to check directly through QQ and WeChat, according to reports. While Tencent has been using its scoring in its lending businesses, it has not before made the scores available to WeChat and QQ Pay users. Their data sources for scoring are different than Ant and Alibaba in China. A more developed and widely...
EIB, Banco Sabadell Sign Agreements To Help Finance Spanish SMEs
The European Investment Bank (EIB) and Banco Sabadell will provide EUR 800m to Spanish SMEs with the aim of supporting their investments and promoting the development of new projects, particularly in the services and industrial sectors. The EIB will grant a EUR 400m loan to Banco Sabadell, to which the Spanish bank will add an additional EUR 400m...
Rejection Rates For Irish SME Bank Credit Rise Despite Jump Of 32pc In Overall Lending
Ireland SMEs in manufacturing and the wholesale and retail sectors are experiencing strong growth with new lending in Q1 2017 reaching €3.6bn. However, the rejection rate on bank finance applications has increased from 11pc to 13pc over the year to March 2017, with rates for medium-sized firms continuing to drop but small and micro firms...
Member News: Intesa Sanpaolo Launches Credit Partnership
SME Finance Forum member Intesa Sanpaolo, has partnered with SME lender iwoca to provide clients with credit products that will help SMEs obtain financing. The partnership coincides with an investment in iwoca by Neva Finventures, Intesa Sanpaolo’s fintech venture capital arm. Maurizio Montagnese, chief innovation officer at Intesa Sanpaolo, says...
Member News SIDBI Announces Certified Credit Counsellor Program
SME Finance Forum member, SIDBI, has created a program to address the challenges the MSME sector faces regarding credit. The Certified Credit Counsellor program for the MSMEs is a response to the findings of the 4th MSME census that revealed only 7 percent of SMEs can avail financing from organizations. This provides an opportunity for the growth...
China SMEs Face Shrinking Profits, Increased Rates
Business activity in China’s SME sector weakened for the third straight month in June to hit the lowest in 16 months, a Standard Chartered survey tracking more than 600 Chinese SMEs found. Unemployment has increased and SME firms are expected to become unprofitable this year. It has become difficult for smaller businesses lacking strong collateral...
IMB Blockchain Selected by Euro Consortium
European SMEs have gained additional support in easier and more transparent domestic and cross-border trade. The Digital Trade Chain Consortium, which is made up of seven European banks, has selected IMB to partner with them in building a new blockchain-based trade finance for small- and medium-sized enterprises. Developed on the Linux Foundations...
SME Credit Program for Women
With support from FSD Africa, Women’s World Banking partnered with Malawi’s NBS Bank to design and implement a credit program for SMEs with a focus on women-owned businesses. The three institutions provided a guide to assist financial providers looking to serve women-owned SMEs with sustainable loans. A few of the topics covered include how to...
Rating opens doors for SME funding in South Africa
The according of a BB (ZA) rating to Retail Capital, which provides working capital to businesses, will open up opportunities for increased funding to small business and job creation in the sector. This is the first rating for Retail Capital, which was founded in 2011. “Being a rated Financial Institution allows us to access new pools of capital...
Members Only Risk Management Community of Practices
The Risk Management CoP aims to bring together professionals and risk management experts from member institutions of the SME Finance Forum to share their learning, experiences, and good practices examples with their peers. The scale and complexity of financial institutions and the pace of their financial transactions demand that they employ...