The Emirates Development Bank (EDB), the key financial engine of economic development and industrial progress in the UAE, has issued a statement emphasizing its commitment to financing national development and SME growth.
Publish dateFriday 27 September 2024 - 00:13
According to Amac News: Emirates Development Bank EDB highlighted its views on national development financing, SME resilience and the evolving treasury landscape at the Middle East Treasury Summit ACT 2024.
As the UAE's only development bank, EDB reiterated its commitment to bridging the financing gap and prioritizing financing for businesses in sectors of strategic importance to the UAE's economic diversification agenda.
EDB uses a proprietary 'Development Impact Scorecard' to assess the wider economic impact of projects and ensure alignment with national priorities.
The core of EDB's strategy is commitment to partnership and cooperation. The bank has signed agreements with 11 major commercial banks in the UAE to provide partial guarantees of up to 50% to SMEs, facilitating access to critical financing.
As the UAE's only development bank, EDB reiterated its commitment to bridging the financing gap and prioritizing financing for businesses in sectors of strategic importance to the UAE's economic diversification agenda.
EDB uses a proprietary 'Development Impact Scorecard' to assess the wider economic impact of projects and ensure alignment with national priorities.
The core of EDB's strategy is commitment to partnership and cooperation. The bank has signed agreements with 11 major commercial banks in the UAE to provide partial guarantees of up to 50% to SMEs, facilitating access to critical financing.
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Source : news agency wam
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