in Cairo, Egypt, December 8, 2016
in Cairo, Egypt, December 8, 2016
SME has been key concern in MENA countries and Egypt where it produce majority of GDP and jobs for the wide spectrum of educational and skillful levels, flourishing SME sectors together with financial inclusion represent key challenges and ideal remedy for governments and banks in the present economic climates, therefore Central Bank of Egypt took along 2016 structural measures highlighting the opportunity and extending SME Banking landscape.
Consequently, this conference is an important milestone gathering all stakeholders to share: where do we stand, building SME banking solid and profitable model, set and review clear strategies for 2016 and along 2019 set by central bank to make SME 20% of banks portfolio.
The event objective: to picture banking and non-banking financial institutions as integrated commercial offer to SMEs rather than competitors. Promote insurance guarantee as main driver for SME banking and non-banking growth. Promote awareness of banking and financial institutions namely: leasing, factoring and insurance to SME clients and SME community.
The conference comprises three progressive sessions with three breaks and seated lunch for maximum refreshments and networking, starting by the opening remarks highlighting the expected outcome of the conference.
The 1st session will be reviewing global SME banking context, local market analytics, components of successful SME banking solid & profitable Model and relevant SME Banking strategies.
Then the 2nd session will cover best practice from India, Central & Eastern Europe, China, Morocco where SME represent 25% of banks portfolio and locally focusing on SME market segmentation and modeling, also a key presentation about SME BANKING INNOVATION LIBRARY displaying SME innovations around the world.
Afterward, the 3rd session will start with listening to customers’ voice from SME owners and associations telling how they regard banks and what products they need now, moving to Non-financial products advisory and consultancy especially to the small segments, supporting applications of workflow, CRM & Scoring, Training to build SME capacity then ending with another key presentation SME BANKING BETWEEN TWO ERAS.
The concluding remarks will be wrapping up all conference presentations and interactions into SHORT & CLEAR ROAD MAP for the remaining of 2016, along 2017 and ahead.
Look forward to join such exciting event, uplifting your SME Banking into the next level!
Providing jobs to millions, SMEs form the backbone of any strong economy. Their capacity for innovation, job creation and ability to adapt to ever-changing business environments makes them a vital building block for economic growth and prosperity. Despite being the largest SME hub in the Middle East, Egypt’s SMEs face multiple challenges including legal and regulatory issues, lack of technology adoption, unskilled workers, and, particularly dampening SME growth, access to suitable financial services. Securing formal financing often requires SMEs to undergo long and tedious procedures, forcing many to rely on informal ways to finance their ventures instead.
Non-Bank Financial Institutions (NBFIs), such as leasing, factoring, equity finance or insurance companies, can help solve this financing gap by providing financial services outside the banking system. NBFIs can thus provide a wide range of tailored services to SMEs complementary to the services offered by traditional banks. While large in potential, the use of non-bank financial services for SMEs is still in its infancy.
Financial services offered to SMEs by NBFIs are strengthened with regard to positive employment effects.
The project consists of five main areas of intervention, bringing together relevant actors of the public and private sector:
Read more: www.giz.de/egypt.
Company Name: Elsewedy Electric
Owing to a successful growth rate year after year and aligning with the expansion strategy of the company, by operating in 5 diversified energy segments:
Elsewedy Electric is a well-established group with extensive holdings, both locally and beyond borders in several other Middle Eastern & African countries as well as some European & Asian countries. With the goal of providing our customers a one-stop solution in terms of Designing, Engineering, Procurement and Construction.
Address: Plot No. 27, 1st District, 5th Settlement, P.O. Box 311, New Cairo 11853, Egypt
Telephone: (+202)-27599700/701 – (+20) 1003497178
MENA SME Banking Conference in Cairo brings together key decision makers in SME industry and all stakeholders namely banks’ SME heads and teams, Corporate and Branches heads, Risk, Marketing, Strategy, Projects and Business development, SMEs, Start-ups, Financial regulators and government from offices related to SME, NGOs, and financial non-banking institutions. In brief: SMEs Community.
In seventh episode of SME Banking Club Podcast Series, we speak about the market and perspective of factoring services in Poland with Michał Pawlik, CEO and Co-founder at SMEO. ...Read more
Райффайзен Банк Аваль выступит Спонсором шестой международной ежегодной конференции CIS SME Banking Conf...Read more
Kraków Technology Park A special economic zone, technology incubator, seed fund, investor one-stop-shop, clusters, multimedia labs, research projects: these are the tools that le...Read more