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In October 2020, the bank joined Open Banking Nigeria, a nonprofit that advocates for a common standard for open Application Programming Interface (API) within the Nigerian financial ecosystem. [17] In 2021, FCMB was named the Best SME Bank in Africa and the Best SME Bank in Nigeria at the Asian Banker Middle East and Africa Regional Awards. [18]
Small Medium Enterprise Development Bank Malaysia Berhad, commonly known as SME Bank, is a Malaysian small and medium enterprise (SME) banking company owned by Minister of Finance Incorporated. The bank's main activity is to provide financial assistance and expertise to small and medium enterprises.
Download as PDF; Printable version; ... (SME). Bank Bumiputra Malaysia Berhad ... [21] The bank's total assets grew from VND3.203 trillion in 2016 to VND41.382 ...
Small and medium-sized enterprises (SMEs) or small and medium-sized businesses (SMBs) are businesses whose personnel and revenue numbers fall below certain limits. The abbreviation "SME" is used by many national agencies and international organizations such as the World Bank, the OECD, European Union, the United Nations, and the World Trade Organization (WTO).
The bank is a subsidiary of BRAC, a leading development organization in the country. BRAC Bank is known for its focus on small and medium-sized enterprises (SMEs). [5] The bank has a network of over 187 branches, 457 SME unit offices, and over 329 ATMs, 10 CDMs, 68 RCDMs across the country.
In September 2020, Tide appointed Sir Donald Brydon as its first independent Chair. [5] During the 2020 COVID-19 pandemic, a great many firms required funding to cope with the financial consequences of the pandemic and the lockdowns enforced by it. As a non-bank lender, it does not hold deposits but relies on money raised from investors.
The 23rd Annual General Meeting of the bank's shareholders was held from July 18 to 24, 2016 in the Seychelles. [26] This meeting was the first chaired by President Dr. Benedict Oramah. The 30th Annual General Meeting was held in Accra, Ghana, from June 18–21, 2023 [27] [28] [29] [30]
The bank is a medium-sized financial services provider, serving the urban and rural poor and small-to-medium business enterprises in Kenya. [7] As of December 2022, the total assets of the bank were valued at KES:42.605 billion (US$322.832 million), with shareholders equity of KES:5.164 billion (US$39.126 million. [2]