UAE Banks Federation calls upon SMEs in the UAE to Unlock Their Potential

Abu Dhabi- 15 March, 2022: UAE Banks Federations (UBF), the unified voice and representative of UAE banks, has called upon the entrepreneurs of existing and under-formation Small & Medium Enterprises (SMEs) to unlock their full potential by benefiting from UBF’s Nationwide SME Campaign, which is all accessible through one platform: www.uaebf.ae/SME.

UBF Director General, Jamal Saleh, explains that such initiatives will help UAE SMEs become a driving force for a thriving economy, commenting that: “In the past 20 years, UAE has shaped up into a global business hub, attracting thousands of entrepreneurs from the four corners of the world. UAE’s leadership has a vision for the country to become an oasis for innovation and we, at UBF, believe that our banking sector and our UBF member banks have a major role to play in bringing this vision to life through the empowerment of SMEs that are constantly enabling our country to progress and advance.”

With SMEs having such sizeable impact on national economy, UBF has vowed to support them through business-friendly initiatives that build on innovation, digitalization, financial planning, banking partnerships, and optimum governance.

SMEs’ owners are, thus, encouraged to tie up with reliable UBF members banking partners who will grant them privileged access to customized business banking services and solutions, financial products and financial planning services, as well as loans and funding programs. 

UBF initiatives also enable entrepreneurs to protect, promote, and regulate their businesses through right strategic plans as well as business regulations and frameworks that guarantee good governance. Moreover, this UBF initiative provide SMEs with invaluable mentorship and networking opportunities, in addition to a wealth of informative resources, and social marketing and digital tools to help them reach new business heights.  

Dhiraj Kunwar, Chairperson of UBF’s SME Committee, said: “To facilitate SMEs’ access to information about our business-friendly initiatives, we have created an online platform where SME clients can find everything they need to move their business forward. We have also created an exclusive Facebook group (www.facebook.com/groups/smesunlockyourpotential/) to keep SMEs up-to-date with new initiatives and programs that could help them achieve their real potential, regardless of the size of their business.”