Nanyang Commercial Bank (NCB) has been named the best domestic bank for small and medium-sized enterprises (SMEs) in the Greater Bay Area (GBA), reflecting its commitment to supporting SMEs.
In 2024, NCB achieved a 16% year-on-year growth in Go Global SME accounts. The bank’s regional footprint includes 33 branches nationwide, nine of which are in the GBA, ensuring accessibility and tailored services for local enterprises.
A standout feature of NCB’s offerings is its inbound guarantee financing scheme, which allows clients to utilise offshore USD as collateral for RMB loans in mainland China. This innovative approach addresses the financing concerns of SMEs, particularly in light of fluctuating interest rates and currency-exchange challenges. The conversion rate for this model reached 45%, with transaction volumes increasing by 40% year-over-year, showcasing its effectiveness in optimising financing options for SMEs.
[NCB’s] collaborative approach facilitates a better understanding of SME needs and fosters growth opportunities
Digital transformation has also played a crucial role in NCB’s success. NCB launched a corporate mobile banking app in Q4 2024, enabling SMEs to manage accounts across jurisdictions. In Q1 2025, the bank introduced a global payments innovation (GPI) remittance tracking system, enhancing real-time visibility for cross-border transactions.
NCB’s commitment to SMEs extends beyond financial products. The bank actively collaborates with industrial parks, associations and chambers of commerce to provide tailored market insights and support for bilateral business development. This collaborative approach facilitates a better understanding of SME needs and fosters growth opportunities.
By prioritising the unique requirements of SMEs and adapting to the changing economic landscape, NCB has established itself as a critical partner for business growth in the region.
