Small and medium enterprises (SME’s) are the backbone for all economies and are key source of economic growth, dynamism and flexibility in advanced industrial economies as well as for the emerging and developing economies. Financing has become necessary for them to help start up and expand their operations and to develop new products. Therefore financing these SME’s are vital. In the current global economic crisis, the issue of financing for SMEs is a pressing issue for all nations. It needs to be addressed with joint efforts by governments, financial institutions and enterprises, to enhance innovation in financial systems, products and services, and to improve the sustainable development of SMEs.
Banks and financial institution are focusing on building a business model that focuses on growth and opportunities to develop new income streams through new operational and profitability model. There has been a greater focus for banks to ppromote a stable, diverse, well-functioning financial system, which is capable of effectively servicing SME’s needs and working on the micro level initiatives that directly, impact SMEs access to credit
For updated brochure or registration, please contact Ms Cherrie at CherrieK@marcusevanskl.com.