The UAE Banks Federation, the unified representative and voice of UAE banks, recently organised a webinar on growth opportunities and innovation of banking solutions for small and medium enterprises (SMEs) under the theme “Changing Landscape of SME Banking in the UAE”, as part of its efforts to support this important sector and enhance its role in the economic and social development in the UAE.

The webinar was to discuss ways to support the small and medium enterprise sectors by facilitating their access to banking services and providing them with the necessary funding enabling them to play an important role in driving various economic sectors and creating more jobs.

The UAE Banks Federation stressed the importance of providing appropriate banking and financing solutions to small and medium enterprises, especially in the current period, which is marked by challenges due to the economic impact of the Covid-19 pandemic, particularly the SME sector.

The workshop discussed opportunities to improve the banking system and develop innovative banking and financial solutions that meet the needs of small and medium-sized enterprises and help them improve their banking, especially in the context of digital transformation in the banking sector and the economy in general.

The webinar was attended by several officials, experts, banking and financial sector professionals and government agencies involved in supporting the sector, Mr. Marwan Al Suwaidi, Director of Finance, Khalifa Fund for Enterprise Development; Mr. Pradeep Rana, Group Chief Risk Officer, FAB; and Mr. Imad Gharazeddine, Co-founder and CEO of Mamo.