Washington, D.C. February 26, 2019 – Banque Saudi Fransi (BSF) 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 invest, grow and create new jobs. We are proud to have Banque Saudi Fransi join our network of 150 members who work to expand access to finance for small and medium businesses,” said Matthew Gamser, CEO of the Forum.
BSF is a Saudi Arabian Joint Stock Company established by Royal Decree No. M/23 in June 1977. Providing various types of commercial banking services to both domestic and international partners, BFS has 83 branches, 18 ladies section, and 556 total ATM network including cash acceptance machines.
The Bank is affiliated with Crédit Agricole Corporate and Investment Bank that holds an equity interest of 14.91 percent. Crédit Agricole CIB is a fully-fledged member of the Crédit Agricole Group, the second largest bank in France, and the third largest bank in Europe by total assets as of December 2017. As of September 2018, BSF has a capital strength of 12,053,571,670 SR.
“Securing membership with the SME Finance Forum will help us continue to strengthen our services and partnerships,” said Rayan Fayez, Managing Director and CEO of BSF. “The Forum’s immense opportunities for learning, and networking will foster longevity and add value to our company as we strive for excellence in all that we do.”
BSF will benefit from working groups, peer exchanges, webinars and other SME Finance Forum learning events.
To see all SME Finance Forum members, please visit: https://www.smefinanceforum.org/members/member-list
About SME Finance Forum
The Forum operates 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. Its members share a common commitment to advancing finance so that small and medium enterprises can flourish and grow. The SME Finance Forum was established by the G20 Global Partnership for Financial Inclusion (GPFI) in 2012 and is managed by the International Finance Corporation (World Bank Group).
About Banque Saudi Fransi
Banque Saudi Fransi is a Saudi Arabian Joint Stock Company established by Royal Decree No. M/23 in June 1977. Providing various types of commercial banking services to both domestic and international partners, BFS has 83 branches, 18 ladies section, and 556 total ATM network including cash acceptance machines.
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