The material on this site is for financial institutions, professional investors and their professional advisers. It is for information only. Please read our Terms & Conditions, Privacy Policy and Cookies before using this site.

All material subject to strictly enforced copyright laws. © 2020 Euromoney, a part of the Euromoney Institutional Investor PLC.
Awards

Middle East's best bank for SMEs 2019: ADCB

Awards for Excellence 2019

Funding for small and medium-sized businesses remains largely deficient across the Middle East. The region’s economies could grow by a further 1% each year if access to finance improved for SMEs, the International Monetary Fund’s managing director Christine Lagarde said earlier this year.

“In the Arab region, SMEs represent 96% of registered companies,” said Lagarde. “They also employ half the labour force, yet their access to finance is the lowest in the world: lending to SMEs in the region is only 7% of bank lending.”

The United Arab Emirates, in particular, has sought to address this shortfall, with programmes to bolster financial inclusion of smaller enterprises. One of its leading banks, Abu Dhabi Commercial Bank, has been especially active in this area, doing much to support SMEs, even through economic downturns.

Colin-Fraser-ADCB-160x186
Colin Fraser
ADCB launched digital account opening platforms for SMEs and mid-sized corporates last year, providing more simplicity to its clients and reducing turnaround time.

You have reached premium content. Please log in to continue reading.

Read beyond the headlines with Euromoney

For over 50 years, our readers have looked to Euromoney to stay informed about the issues that matter in the international banking and financial markets. Find out more about our different levels of access below.

SUBSCRIBE ONLINE TODAY

Unlimited access to Euromoney.com and Asiamoney.com

Expert comment, long reads and in-depth analysis interviews with senior finance professionals

Access the results of our market-leading annual surveys across core financial services

Access the results of our annual awards, including the world-renowned Awards for Excellence

Your print copy of Euromoney magazine delivered monthly

£73.75 per month

Billed Annually

FREE 7 DAY TRIAL

Unlimited access to Euromoney.com and Asiamoney.com, including our top stories, long reads, expert analysis, and the results of our annual surveys and awards

Sign up to any of our newsletters, curated by our editors

LOGIN NOW

Already a user?

We use cookies to provide a personalized site experience.
By continuing to use & browse the site you agree to our Privacy Policy.
I agree