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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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IFC Discusses Improved Access to SME Finance in Lao PDR
IFC, a member of the World Bank Group is increasing access to SME finance in Lao PDR by fostering a business enabling environment and developing market solutions for serving SMEs. According to the release, SMEs make up 99 percent of total enterprises and over 80 percent of the workforce, however they are confronted with a financing gap of $1.2...
Member News: Diamond Bank Takes Home the Women’s Market Champion Award
SME Finance Forum member Diamond Bank was awarded the Women’s Market Champion award from the Global Banking Alliance for Women. Diamond Bank was chosen for its outstanding impact on women development and for providing them with holistic solutions that meet their needs, according to the article. “This award lends credence to the work that Diamond...
Member News: EIB Provides €100 Million Loan to Crédito Agrícola to Support SMEs
SME Finance Forum member, European Investment Bank (EIB) will supply €100 million loan to Crédito Agrícola (CA) to support access to credit for SMEs in Portugal. A total of €200 million will be available for SMEs due to CA matching EIB’s funds of €100 million. According to the release, EIB will finance up to 100 percent of the total project cost...
Member News: AfDB Approved US $100 Million Towards South Africa’s Transit Sector
SME Finance Forum member, African Development Bank (AfDB) will provide US $100 million in loans to SA Taxi Development Finance Limited, a minibus taxi systems that supplies 69 percent of public transportation trips in South Africa. According to the article, the funds will provide support towards the cCompany’s goals and initiatives along with...
Member News: IDB Will Invest US $50 Million in SME Projects Throughout Jamaica
SME Finance Forum member, Inter-American Development Bank (IDB) will invest US $50 million a year towards, tourism, infrastructure, transportation, ports, roads, as well as in the financial sector projects in Jamaica. The investment is through IDB’s invest arm, according to the article, IDB Invest. “This latest expanded financial framework from...
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...