UAE Banks Federation unveils initiatives to support SMEs 

SME
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By Arya M Nair, Official Reporter
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The UAE Banks Federation (UBF) has invited entrepreneurs of existing and under-formation Small and Medium-sized Enterprises (SMEs) to unlock their full potential by benefiting from UBF’s Nationwide SME Campaign.

Mr. Jamal Saleh, UBF Director-General, explained that the initiatives will help UAE SMEs become a driving force for a thriving economy. The initiatives enable entrepreneurs to protect, promote, and regulate their businesses through the right strategic plans and business regulations and frameworks that guarantee good governance.

Jamal Saleh
Jamal Saleh
Director-General
UBF

“In the past 20 years, the UAE has shaped up into a global business hub, attracting thousands of entrepreneurs worldwide. UAE’s leadership has a vision for the country to become an oasis for innovation, and we, at UBF, believe that our banking sector and our UBF member banks have a major role to play in bringing this vision to life through the empowerment of SMEs that are constantly enabling our country to progress and advance.”

UBF has pledged to support SMEs, which have a significant impact on the national economy, through business-friendly initiatives that build on innovation, digitalization, financial planning, banking partnerships, and optimum governance.

Thus, SMEs’ owners are encouraged to tie up with trusted UBF’s banking partners who will grant them privileged access to customized business banking services and solutions, financial products and financial planning services, and loans and funding programs.

Moreover, this UBF initiative also offers SMEs invaluable mentorship and networking opportunities, a wealth of informative resources, and social marketing and digital tools to help them reach new business heights.

Mr. Dhiraj Kunwar, Chairperson of UBF’s SME Committee, said that “To facilitate SMEs’ access to information about our business-friendly initiatives, we have created an online platform where SME clients can find everything they need to move their business forward. We have also created an exclusive Facebook group to keep SMEs up-to-date with new initiatives and programs that could help them achieve their real potential, regardless of the size of their business.”

Related: UAE’s ECI, New Zealand’s NZEC unite to boost bilateral trade & support SMEs

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