UAE Banks Federation reiterates importance of supporting SMEs

UAE Banks Federation reiterates importance of supporting SMEs

The UAE Banks Federation recently organised a webinar on growth opportunities and innovation of banking solutions for small and medium enterprises (SMEs) under the theme "Changing Landscape of SME Banking in the UAE", as part of its efforts to support this important sector and enhance its role in the economic and social development in the UAE.

The webinar discussed ways to support the small and medium enterprise sectors by facilitating their access to banking services and providing them with the necessary funding enabling them to play an important role in driving various economic sectors and creating more jobs.

The UAE Banks Federation underscored the importance of providing appropriate banking and financing solutions to SMEs, especially in the past period, which was marked by challenges due to the economic impact of the COVID-19 pandemic, particularly the SME sector.

The workshop also discussed opportunities to improve the banking system and develop innovative banking and financial solutions that meet the needs of SMEs and help them improve their banking, especially in the context of digital transformation in the banking sector and the economy in general.

The webinar was attended by several officials, experts, banking and financial sector professionals and government agencies involved in supporting the sector, Marwan