Banks can do more to support SMEs, says Standard Chartered

SME banking is evolving fast as a new generation of firms demands more sophisticated banking services.

Banks can do more to support SMEs, says Standard Chartered

Asia owes a great deal of its economic rise during recent years to its large number of small and medium-size enterprises SMEs. Unheralded though they may be, these firms account for as many as 95% of companies in many of the region’s economies, while typically generating more than half of GDP as well as providing the bulk of employment.

If SMEs are the lifeblood of Asia’s economic dynamism, tightening credit lending and...

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