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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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News

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. “200 million businesses...
Member News: Mekar is Named One of the Top 10 Online Lending Platforms of Indonesia
SME Finance Forum member MEKAR, has been listed by KPMG as one of the top 10 lenders changing market. MEKAR was the earliest of P2P lenders in Indonesia. MEKAR, though maybe not the largest total volume of loans, is unique in serving the small “unbanked” businesses in the farthest parts of Indonesia. It has some of the safest loans, and probably...
Member News: Fidor Launches APIX with IFC
Fidor birthed its APIX platform, the first cross border sandbox and marketplace for fintechs and banks at the Singapore Fintech Festival. India Prime Minister Narendra Modi officially launched the APIX platform during his keynote speech. APIX is an initiative by AFIN represented by IFC/ World Bank (International Finance Corporation), MAS (Monetary...
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: Brac Bank Provides Financial Services to the Unbanked
SME Finance Forum member, Brac Bank offers agent banking with plans to recruit 5,000 agents in the next five years. The idea was introduced 20-25 years ago, according to the article, however the service did not begin until five years ago. Customers who live in remote areas will now be able to access around the clock services at the agent banking...
Member News: DBS Officially Releases New Programme for Startups
SME Finance Forum member, DBS launched Startup Xchange, a new business-matching programme for startups. The programme will support DBS, and their corporate and SME clients find solutions for their business by utilizing expert startups. According to the article, the initiative aims to reverse the downward trend happening with accelerator programmes...
Member News: Diamond Bank’s Retail Strategy Drives Growth for SMEs
SME Finance Forum member, Diamond Bank released its Q3 financial report, which revealed their disbursement of N1 billion to small business owners under the lending scheme partnership with Women’s World Banking. Diamond Bank remains one of the leading retail banks in Nigeria. According to the article, Diamond Bank is among the first five SME...
Member News: EIB Signs Loan Agreement with CBA
SME Finance Forum member European Investment Bank signed a €50 million loan agreement with the Central Bank of Armenia (CBA) to finance SME projects in the areas of, exports, tourism, agriculture and processing of agricultural products. “The projects will push the local business towards competitive and sustainable development, at the same time...