Kathmandu, Nov. 12
Nepal Bankers’ Association (NBA), an Umbrella Organisation of all 'A' Class Commercial Banks in the country, has joined the SME Finance Forum as the global membership network’s latest member.
The
300+ members/affiliates of the Forum are SME financing experts operating in 190
countries who share the common goal of expanding access to finance to small
businesses worldwide through knowledge exchange and innovation, the Forum said
in a statement on Monday.
“SME
Finance Forum proudly welcomes the global learning platform. It is with great
pleasure I welcome NBA to SME Finance Forum which is in line with our strategy
to help emerging markets promoting more SME financing for impact,” said Qamar
Saleem, Head of SME Finance Forum.
The
NBA was established to foster collaboration and coordination among commercial
banks in Nepal. NBA’s goal is to promote fair competition, maintain uniform
banking policies, and adopt innovative technologies to enhance the
effectiveness and efficiency of the banking sector, according to the statement.
“We
believe that joining the prestigious SME Finance Forum would significantly
benefit the banking sector, especially as both the regulator and banks in Nepal
are actively focused on enhancing financing for small and medium-sized
enterprises (SMEs),” said Sunil KC, President of NBA.
The
SME Finance Forum, backed by G20 and IFC/World Bank, is a network comprised of
SME focused institutions providing and enabling finance and services - banks,
non-bank financial institutions, fintech, payment platforms, development
institutions, credit guarantee companies, insurers, investment funds, supply
chain linked players, banking and SME associations, policy advocates,
regulators, academia, consulting houses, knowledge aggregators.
Published in The Rising Nepal daily on 13 November 2024.
No comments:
Post a Comment