Partnerships in SME banking
Small and medium-sized enterprises (SMEs) have an outsized impact on the global economy. They represent 90% of all businesses, employ roughly 70% of all workers globally and produce up to half of global GDP. Though they have suffered disproportionately during the Covid-19 pandemic and many have been forced to shutter their doors or adopt new business models, the entrepreneurial spirit sees opportunity in every day to reimagine, refresh, and reinvent.
This report highlights strategic partnerships in SME banking and shares guidance and best practices for those looking to expand and enhance their small business offerings.