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Member News: CEO of Standard Chartered Bank Shares His Plans for the Region and Strategic Partnerships Opportunities

In an interview with Bloomberg BusinessWeek, regional CEO of Africa and the Middle East for Standard Chartered Bank, Sunil Kaushal shared his plans and partnerships with India and UAE.

Kaushal shared,“Mmy vision is to build up a business which delivers a solid result and generates the right returns for all our stakeholders – but on a sustainable basis with a strong foundation of controls and compliance.”

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Tunisia’s Equal Inheritance Law Could Boost Female Entrepreneurship
A law was proposed by Tunisia’s President, Beji Caid Essebsi, that equal inheritance be available for men and women. Tunisia would be the first country in the Arab world, according to the article to implement equal inheritance, which would result in financial inclusion for Tunisia women. Right now, “The inheritance law is a significant barrier for...
CFPA MF Joins 140 Other Financial Institutions to Promote SME Finance
Washington, D.C., August 28, 2018 – CFPA Microfinance (CFPA MF) 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...
SME Bank of Thailand Seeks to Unload B10bn in NPLs
In an effort to lower the non-performing loan (NPL) ratio to around 10 percent, the state-owned SME Development Bank of Thailand will remove 10 billion baht worth of bad loans. Currently, the bank stands at 16-17 percent in outstanding loans. In addition, the bank is lowering their NPL ratio to prepare for the International Financial Reporting...
Going Digital: Rural SMEs Face Funding, Knowledge, Manpower Issues
The SME Association of Malaysia states, funding, digitization knowledge and lack of manpower are negatively affecting rural SMEs aiming to implement digitization. Datuk Michael Kang Hua Keong, national president of the Association believes the government can do more to help SMEs. “The government can also assist SMEs in providing lower cost in e-...
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...
Minister Ng Meets With Small Business Owners in British Columbia
The Minister of Small Business and Export Promotion, the Honourable Minister Ng, met with business owners in British Columbia to learn about the trials and triumphs encountered by SMEs when doing business. While there, Minister Ng announced she will provide $3.5 million in funding to support British SMEs through the Canada Summer Jobs Program...
Member News: DBS Launches Website to Aid SMEs with Digital Adoption
The 99 Percent campaign is back to help SMEs go digital. The campaign, launched by DBS, a SME Finance Forum member, and Singtel will help strengthen SMEs online presence. In addition to digital support there will be a new business-to-business (B2B) marketplace available for SMEs, which is set to launch at the end of 2018, with the help of DBS...
Member News: FINCA International Launches FINCA Ventures
SME Finance Forum member, FINCA International will help social enterprises by providing patient capital, and pre and post investment support through its program, FINCA Ventures. The impact investing platform is focused on financial inclusion for the unbanked and underbanked. Ami Dalal, Vice President and Managing Director for FINCA Ventures shared...
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.” “...
Basware Joins 140 Other Financial Institutions to Promote SME Finance
Washington, D.C., August 14, 2018 – Basware 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...