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Ajman Bank and EDB to offer credit guarantee and co-lending for SMEs

Ajman Bank, one of the Shariah compliant banks in the UAE has signed a memorandum of understanding with the Emirates Development Bank (EDB), a key financial enabler of the country’s economic diversification and industrial transformation agenda, to

Emirates News Agency - Ajman Bank, Emirates Development Bank sign MoU on credit guarantee for SMEs

AJMAN, 26th December, 2021 (WAM) Ajman Bank has signed a memorandum of understanding (MoU) with the Emirates Development Bank (EDB) to offer credit guarantee and co-lending for small and medium-sized enterprises (SMEs) in the UAE. The MoU falls within the scope of EDB’s commitment to boost the SME ecosystem and the industrial sector in the UAE and thus increase its contribution to the country’s GDP. The partnership focuses on offering strategic financing solutions to SMEs, one of the economic pillars of the UAE. The.

EDB and Emirates NBD sign MoU on credit guarantee scheme for SMEs

EDB and Emirates NBD sign MoU on credit guarantee scheme for SMEs
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