News

Development Bank of Nigeria Joins 140 Other Financial Institutions to Promote SME Finance

Washington, D.C. October 16, 2018The Development Bank of Nigeria (DBN) 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.  

News

News

Development Bank of Nigeria Joins 140 Other Financial Institutions to Promote SME Finance
Washington, D.C. October 16, 2018 – The Development Bank of Nigeria (DBN) 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: EIB Signs Agreement to Support Hungarian SMEs
SME Finance Forum member, European Investment Bank, signed four separate loan agreements totaling in €400 million that will benefit several projects. The loans are a part of the ‘Junker Plan’; one agreement worth €25 million will benefit Budapest Bank’s efforts towards increasing lending to Hungarian SMEs. “We are also pleased to sign the first...
Access to Finance Rwanda Joins 140 Other Financial Institutions to Promote SME Finance
Washington, D.C. October 9, 2018 – Access to Finance Rwanda 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...
IFC Reached Almost $3 Billion in Investment Commitments to SMEs
IFC expanded its investment commitments to throughout Europe and Central Asia with $2.9 billion in investments commitments to help promote access to finance for SMEs. European investments included: $336.4 million to Romania, $190.5 million to Serbia and $129.1 million to Ukraine. According to the article, funds went to benefit the agribusiness...
IFC Supports Kyrgyzstan In First institutional Private Equity Fund
The funds backed by World Bank’s International Finance Corporation (IFC) will go towards supporting Highland Capital’s efforts towards increasing access to finance for SMEs in the Kyrgyzstan. Key areas include services, healthcare, education and media, according to the article. With a goal of raising $30 million, Highland Capital has raised $15...
Member News: Co-operative Bank of Kenya Launches Financial Solutions for MSMEs
A packaged financial solution, launched by Co-operative (Co-op) Bank of Kenya, will go towards supporting MSMEs. Co-op Bank of Kenya has worked with the International Finance Corporation (IFC) over the past year, to understand the inner-workings of the MSME business segment to improve MSMEs. Co-op Bank will offer training programs, forums and...
IFC helps financing of SMEs in Argentina by funding BIND Banco
IFC will provide $55 million to BIND Banco Industrial to increase the bank’s lending to SMEs in Argentina. The funds will allow BIND to offer SMEs longer-term financing options. According to the article, even though SMEs are essential to job creation and growth, “more than 70 percent of Argentina’s SMEs have difficulties accessing financing.” “...
Member News: Standard Chartered to Jointly Launch a Trade Finance Platform
According to Reuters , Hong Kong’s banking regulator and seven banks, including SME Finance Forum member Standard Chartered PLC said they will jointly launch a trade finance platform in September using blockchain technology. Reuters says the platform will be one of the largest examples globally of a government-led, cross-bank effort to reform the...
Member News: OPIC Explores Opportunities to Link American Investors with Zambian Entrepreneurs, Including Women.
SME Finance Forum member, Overseas Private Investment Corporation (OPIC) President and Chief Executive Officer Ray W. Washburne traveled to Zambia where he toured Zambia’s first utility scale solar power facility which is being supported by a $13 million OPIC loan and a $26 million loan from the International Finance Corporation to Neoen and...
SME Finance Forum Participates in MSME Day 2018
Listed as an official resource by the United Nations, the SME Finance Forum celebrates the second annual Micro-, Small and Medium-sized Enterprises Day today, June 27. The Forum is explicitly associated with helping achieve the implementation of Sustainable Development Goals 8 (decent work and economic growth) and 9 (industry, innovation and...