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.
Som Sobroto
Som Sobroto

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.

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