The haves and have nots – SMEs, local banks and the challenges faced

Events / 15-03-21 / Share Link

For all the efforts by states to intervene and support their private sectors, the real impact of the pandemic has been felt by smaller organisations in particular. Measures introduced to relieve the pressures facing SMEs have all helped, but the challenges are frequently greater for SMEs in comparison to larger companies. This has also been a similar story for smaller local banks, who tend to be less capitalised and often more exposed to local SMEs than larger institutions.
Jan Ward of Corrotherm, Rehan Ali of National Bank of Fujairah (NBF), Christina Struller of UPS, Betül Kurtulus of FCI and Khaled Albasias of Greensill assessed the challenges SMEs and local banks face.